Enforcing contracts: Cost in Micronesia (country)

Micronesia (country): Enforcing contracts: Cost was 66.0% in 2019. ▬ Flat

Latest (2019)
66.0%
Change on year
unchanged
World rank
13th
of 191 countries
All-time high
66.0%
in 2003
All-time low
66.0%
in 2003
Years of data
17
2003–2019

Enforcing contracts: Cost in Micronesia (country), 2003–2019

02040602003201120192003: 66 % of claim2004: 66 % of claim2005: 66 % of claim2006: 66 % of claim2007: 66 % of claim2008: 66 % of claim2009: 66 % of claim2010: 66 % of claim2011: 66 % of claim2012: 66 % of claim2013: 66 % of claim2014: 66 % of claim2015: 66 % of claim2016: 66 % of claim2017: 66 % of claim2018: 66 % of claim2019: 66 % of claim

Source: World Bank. Measured in % of claim.

Analysis

In 2019, enforcing contracts: cost in Micronesia (country) stood at 66.0%. That is the highest value across all 17 years on record.

That represents a change of unchanged over ten years.

Over the whole period, enforcing contracts: cost in Micronesia (country) peaked at 66.0% in 2003 and was at its lowest, 66.0%, in 2003.

Micronesia (country) ranks 13th of 191 countries on this measure, in the top 10%.

Enforcing contracts: Cost in Micronesia (country), year by year

Annual values for Enforcing contracts: Cost (% of claim) in Micronesia (country), 2003 to 2019.
Year % of claim Change
2003 66.0% —
2004 66.0% +0.0%
2005 66.0% +0.0%
2006 66.0% +0.0%
2007 66.0% +0.0%
2008 66.0% +0.0%
2009 66.0% +0.0%
2010 66.0% +0.0%
2011 66.0% +0.0%
2012 66.0% +0.0%
2013 66.0% +0.0%
2014 66.0% +0.0%
2015 66.0% +0.0%
2016 66.0% +0.0%
2017 66.0% +0.0%
2018 66.0% +0.0%
2019 66.0% +0.0%

Micronesia (country) compared with similar countries

  • Micronesia (country)'s 66.0% is above the median for upper middle income countries, which is 28.8%, 2.3× the median. (56 countries reporting)
  • Micronesia (country)'s 66.0% is above the median for East Asia & Pacific, which is 31.3%, 2.1× the median. (28 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 66.0% 66.0% 66.0% 7
2010s 66.0% 66.0% 66.0% 10

Countries ranked near Micronesia (country)

  1. 10 Indonesia 70.3% compare
  2. 11 Malawi 69.1% compare
  3. 12 Bangladesh 66.8% compare
  4. 14 Benin 64.7% compare
  5. 15 Rwanda 64.6% compare
  6. 16 Eswatini 56.1% compare

See the full ranking of 191 places →

More reference data data for Micronesia (country)

All data for Micronesia (country) →

Frequently asked questions

What is enforcing contracts: cost in Micronesia (country)?
Enforcing contracts: cost in Micronesia (country) was 66.0% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost recorded in Micronesia (country)?
The highest recorded value was 66.0% in 2003.
What is the lowest enforcing contracts: cost recorded in Micronesia (country)?
The lowest recorded value was 66.0% in 2003.
How does Micronesia (country) rank for enforcing contracts: cost?
Micronesia (country) ranks 13th out of 191 countries with data for 2019.
Is enforcing contracts: cost rising or falling in Micronesia (country)?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Micronesia (country) data come from?
The figures come from the World Bank, published as part of Enforcing contracts: Cost (% of claim). Statizoid updates them automatically from the source API.

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Enforcing contracts: Cost in Micronesia (country). Statizoid. Retrieved 29 September 2026, from https://reference.statizoid.com/stat/enforcing-contracts-cost-percent-of-claim-2/micronesia-fed-sts/

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About this data

Indicator
Enforcing contracts: Cost (% of claim)
Unit
% of claim
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
191 places, 3,094 data points, 2003–2019
Last refreshed

The cost to enforce contracts is recorded as a percentage of the claim value, assumed to be equivalent to 200% of income per capita or $5,000, whichever is greater. Three types of costs are recorded: average attorney fees, court costs and enforcement costs. Bribes are not taken into account.