Enforcing contracts: Cost in Thailand

Thailand: Enforcing contracts: Cost was 16.9% in 2019. ▲ Rising

Latest (2019)
16.9%
Change on year
unchanged
World rank
168th
of 188 countries
All-time high
16.9%
in 2014
All-time low
12.4%
in 2003
Years of data
17
2003–2019

Enforcing contracts: Cost in Thailand, 2003–2019

0510152003201120192003: 12.4 % of claim2004: 12.4 % of claim2005: 12.4 % of claim2006: 12.4 % of claim2007: 12.4 % of claim2008: 12.4 % of claim2009: 12.4 % of claim2010: 12.4 % of claim2011: 12.4 % of claim2012: 12.4 % of claim2013: 12.4 % of claim2014: 16.9 % of claim2015: 16.9 % of claim2016: 16.9 % of claim2017: 16.9 % of claim2018: 16.9 % of claim2019: 16.9 % of claim

Source: World Bank. Measured in % of claim.

Analysis

Thailand recorded 16.9% for enforcing contracts: cost in 2019. That is the highest value across all 17 years on record.

The figure is up 36.3% over ten years.

Over the whole period, enforcing contracts: cost in Thailand peaked at 16.9% in 2014 and was at its lowest, 12.4%, in 2003.

Thailand ranks 168th of 188 countries on this measure, in the bottom quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 12.4% 12.4% 12.4% 7
2010s 15.1% 12.4% 16.9% 10

Countries ranked near Thailand

  1. 165 Estonia 17.3% compare
  2. 166 Portugal 17.2% compare
  3. 166 Spain 17.2% compare
  4. 169 Eritrea 16.6% compare
  5. 170 Russia 16.5% compare
  6. 171 Cyprus 16.4% compare

See the full ranking of 190 places →

More reference data data for Thailand

All data for Thailand →

Frequently asked questions

What is enforcing contracts: cost in Thailand?
Enforcing contracts: cost in Thailand was 16.9% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost recorded in Thailand?
The highest recorded value was 16.9% in 2014.
What is the lowest enforcing contracts: cost recorded in Thailand?
The lowest recorded value was 12.4% in 2003.
How does Thailand rank for enforcing contracts: cost?
Thailand ranks 168th out of 188 countries with data for 2019.
Is enforcing contracts: cost rising or falling in Thailand?
Over the last ten years it is up 36.3%. The long-run trend across the full record is rising.
Where does this Thailand 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.