Enforcing contracts: Cost in Philippines

Philippines: Enforcing contracts: Cost was 31.0% in 2019. ▲ Rising

Latest (2019)
31.0%
Change on year
unchanged
World rank
72nd
of 188 countries
All-time high
31.0%
in 2013
All-time low
24.8%
in 2003
Years of data
17
2003–2019

Enforcing contracts: Cost in Philippines, 2003–2019

01020302003201120192003: 24.8 % of claim2004: 24.8 % of claim2005: 24.8 % of claim2006: 26 % of claim2007: 26 % of claim2008: 26 % of claim2009: 26 % of claim2010: 26 % of claim2011: 26 % of claim2012: 26 % of claim2013: 31 % of claim2014: 31 % of claim2015: 31 % of claim2016: 31 % of claim2017: 31 % of claim2018: 31 % of claim2019: 31 % of claim

Source: World Bank. Measured in % of claim.

Analysis

The most recent figure for enforcing contracts: cost in Philippines is 31.0%, measured in 2019. That is the highest value across all 17 years on record.

Compared with earlier readings it is up 19.2% over ten years.

Over the whole period, enforcing contracts: cost in Philippines peaked at 31.0% in 2013 and was at its lowest, 24.8%, in 2003.

That places Philippines 72nd out of 188 countries with data for 2019, putting it in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 25.5% 24.8% 26.0% 7
2010s 29.5% 26.0% 31.0% 10

Countries ranked near Philippines

  1. 69 Lesotho 31.3% compare
  2. 69 Uganda 31.3% compare
  3. 71 Jordan 31.2% compare
  4. 72 India 31.0% compare
  5. 74 Lebanon 30.8% compare
  6. 75 United States 30.5% compare
  7. 75 Tonga 30.5% compare

See the full ranking of 190 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is enforcing contracts: cost in Philippines?
Enforcing contracts: cost in Philippines was 31.0% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost recorded in Philippines?
The highest recorded value was 31.0% in 2013.
What is the lowest enforcing contracts: cost recorded in Philippines?
The lowest recorded value was 24.8% in 2003.
How does Philippines rank for enforcing contracts: cost?
Philippines ranks 72nd out of 188 countries with data for 2019.
Is enforcing contracts: cost rising or falling in Philippines?
Over the last ten years it is up 19.2%. The long-run trend across the full record is rising.
Where does this Philippines 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.