Statizoid

Enforcing contracts: Cost in Nigeria

Nigeria: Enforcing contracts: Cost was 38.9% in 2019. ▼ Falling

Latest (2019)
38.9%
Change on year
unchanged
World rank
45th
of 188 countries
All-time high
92.0%
in 2003
All-time low
38.9%
in 2013
Years of data
17
2003–2019

Enforcing contracts: Cost in Nigeria, 2003–2019

0204060801002003201120192003: 92 % of claim2004: 92 % of claim2005: 92 % of claim2006: 92 % of claim2007: 92 % of claim2008: 92 % of claim2009: 92 % of claim2010: 92 % of claim2011: 92 % of claim2012: 92 % of claim2013: 38.9 % of claim2014: 38.9 % of claim2015: 38.9 % of claim2016: 38.9 % of claim2017: 38.9 % of claim2018: 38.9 % of claim2019: 38.9 % of claim

Source: World Bank. Measured in % of claim.

Analysis

Nigeria recorded 38.9% for enforcing contracts: cost in 2019. That is the lowest value across all 17 years on record.

Compared with earlier readings it is down 57.7% over ten years.

Over the whole period, enforcing contracts: cost in Nigeria peaked at 92.0% in 2003 and was at its lowest, 38.9%, in 2013.

Nigeria ranks 45th of 188 countries on this measure, in the top quarter.

The long-run direction has been consistently falling across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 92.0% 92.0% 92.0% 7
2010s 54.8% 38.9% 92.0% 10

Countries ranked near Nigeria

  1. 42 Botswana 39.8% compare
  2. 43 Serbia 39.6% compare
  3. 44 Sierra Leone 39.5% compare
  4. 46 Honduras 38.8% compare
  5. 47 Zambia 38.7% compare
  6. 48 Panama 38.0% compare

See the full ranking of 190 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is enforcing contracts: cost in Nigeria?
Enforcing contracts: cost in Nigeria was 38.9% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost recorded in Nigeria?
The highest recorded value was 92.0% in 2003.
What is the lowest enforcing contracts: cost recorded in Nigeria?
The lowest recorded value was 38.9% in 2013.
How does Nigeria rank for enforcing contracts: cost?
Nigeria ranks 45th out of 188 countries with data for 2019.
Is enforcing contracts: cost rising or falling in Nigeria?
Over the last ten years it is down 57.7%. The long-run trend across the full record is falling.
Where does this Nigeria 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.

Download this data

CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

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
190 places, 3,083 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.