Enforcing contracts: Cost in Serbia

Serbia: Enforcing contracts: Cost was 39.6% in 2019. ▲ Rising

Latest (2019)
39.6%
Change on year
unchanged
World rank
43rd
of 188 countries
All-time high
40.8%
in 2016
All-time low
28.4%
in 2005
Years of data
17
2003–2019

Enforcing contracts: Cost in Serbia, 2003–2019

0102030402003201120192003: 33.4 % of claim2004: 33.4 % of claim2005: 28.4 % of claim2006: 28.4 % of claim2007: 28.4 % of claim2008: 28.9 % of claim2009: 28.9 % of claim2010: 28.9 % of claim2011: 31.3 % of claim2012: 31.3 % of claim2013: 34 % of claim2014: 34 % of claim2015: 34 % of claim2016: 40.8 % of claim2017: 39.6 % of claim2018: 39.6 % of claim2019: 39.6 % of claim

Source: World Bank. Measured in % of claim.

Analysis

Serbia recorded 39.6% for enforcing contracts: cost in 2019.

The figure is up 37.0% over ten years.

Over the whole period, enforcing contracts: cost in Serbia peaked at 40.8% in 2016 and was at its lowest, 28.4%, in 2005.

That places Serbia 43rd out of 188 countries with data for 2019, putting it in the top quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 30.0% 28.4% 33.4% 7
2010s 35.3% 28.9% 40.8% 10

Countries ranked near Serbia

  1. 40 Peru 41.2% compare
  2. 41 Dominican Republic 40.9% compare
  3. 42 Botswana 39.8% compare
  4. 44 Sierra Leone 39.5% compare
  5. 45 Nigeria 38.9% compare
  6. 46 Honduras 38.8% compare

See the full ranking of 190 places →

More reference data data for Serbia

All data for Serbia →

Frequently asked questions

What is enforcing contracts: cost in Serbia?
Enforcing contracts: cost in Serbia was 39.6% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost recorded in Serbia?
The highest recorded value was 40.8% in 2016.
What is the lowest enforcing contracts: cost recorded in Serbia?
The lowest recorded value was 28.4% in 2005.
How does Serbia rank for enforcing contracts: cost?
Serbia ranks 43rd out of 188 countries with data for 2019.
Is enforcing contracts: cost rising or falling in Serbia?
Over the last ten years it is up 37.0%. The long-run trend across the full record is rising.
Where does this Serbia 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.