Enforcing contracts: Cost in Panama

Panama: Enforcing contracts: Cost was 38.0% in 2019. ▼ Falling

Latest (2019)
38.0%
Change on year
unchanged
World rank
48th
of 188 countries
All-time high
50.0%
in 2003
All-time low
38.0%
in 2010
Years of data
17
2003–2019

Enforcing contracts: Cost in Panama, 2003–2019

010203040502003201120192003: 50 % of claim2004: 50 % of claim2005: 50 % of claim2006: 50 % of claim2007: 50 % of claim2008: 50 % of claim2009: 50 % of claim2010: 38 % of claim2011: 38 % of claim2012: 38 % of claim2013: 38 % of claim2014: 38 % of claim2015: 38 % of claim2016: 38 % of claim2017: 38 % of claim2018: 38 % of claim2019: 38 % of claim

Source: World Bank. Measured in % of claim.

Analysis

The most recent figure for enforcing contracts: cost in Panama is 38.0%, measured in 2019. That is the lowest value across all 17 years on record.

Compared with earlier readings it is down 24.0% over ten years.

Over the whole period, enforcing contracts: cost in Panama peaked at 50.0% in 2003 and was at its lowest, 38.0%, in 2010.

Panama ranks 48th of 188 countries on this measure, in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 50.0% 50.0% 50.0% 7
2010s 38.0% 38.0% 38.0% 10

Countries ranked near Panama

  1. 45 Nigeria 38.9% compare
  2. 46 Honduras 38.8% compare
  3. 47 Zambia 38.7% compare
  4. 49 Malaysia 37.9% compare
  5. 50 Saint Lucia 37.3% compare
  6. 51 Suriname 37.1% compare

See the full ranking of 190 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is enforcing contracts: cost in Panama?
Enforcing contracts: cost in Panama was 38.0% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost recorded in Panama?
The highest recorded value was 50.0% in 2003.
What is the lowest enforcing contracts: cost recorded in Panama?
The lowest recorded value was 38.0% in 2010.
How does Panama rank for enforcing contracts: cost?
Panama ranks 48th out of 188 countries with data for 2019.
Is enforcing contracts: cost rising or falling in Panama?
Over the last ten years it is down 24.0%. The long-run trend across the full record is falling.
Where does this Panama 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.