Enforcing contracts: Cost (% of claim) - Score in South Korea

South Korea: Enforcing contracts: Cost (% of claim) - Score was 85.8% in 2019. ▬ Flat

Latest (2019)
85.8%
Change on year
unchanged
World rank
4th
of 188 countries
All-time high
85.8%
in 2003
All-time low
85.8%
in 2003
Years of data
17
2003–2019

Enforcing contracts: Cost (% of claim) - Score in South Korea, 2003–2019

0204060802003201120192003: 85.82004: 85.82005: 85.82006: 85.82007: 85.82008: 85.82009: 85.82010: 85.82011: 85.82012: 85.82013: 85.82014: 85.82015: 85.82016: 85.82017: 85.82018: 85.82019: 85.8

Source: World Bank.

Analysis

In 2019, enforcing contracts: cost (% of claim) - score in South Korea stood at 85.8%. That is the highest value across all 17 years on record.

The figure is unchanged over ten years.

Over the whole period, enforcing contracts: cost (% of claim) - score in South Korea peaked at 85.8% in 2003 and was at its lowest, 85.8%, in 2003.

South Korea ranks 4th of 188 countries on this measure, in the top 10%.

Averages by decade

DecadeAverage LowestHighest Years
2000s 85.8% 85.8% 85.8% 7
2010s 85.8% 85.8% 85.8% 10

Countries ranked near South Korea

  1. 1 Djibouti 61.9% compare
  2. 1 Iceland 90.0% compare
  3. 2 Luxembourg 89.2% compare
  4. 3 Norway 89.0% compare
  5. 4 Slovenia 85.8% compare
  6. 6 San Marino 84.5% compare
  7. 7 Tanzania 84.0% compare

See the full ranking of 190 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is enforcing contracts: cost (% of claim) - score in South Korea?
Enforcing contracts: cost (% of claim) - score in South Korea was 85.8% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost (% of claim) - score recorded in South Korea?
The highest recorded value was 85.8% in 2003.
What is the lowest enforcing contracts: cost (% of claim) - score recorded in South Korea?
The lowest recorded value was 85.8% in 2003.
How does South Korea rank for enforcing contracts: cost (% of claim) - score?
South Korea ranks 4th out of 188 countries with data for 2019.
Is enforcing contracts: cost (% of claim) - score rising or falling in South Korea?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this South Korea data come from?
The figures come from the World Bank, published as part of Enforcing contracts: Cost (% of claim) - Score. 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) - Score
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 3,083 data points, 2003–2019
Last refreshed

The score for cost to enforce contracts benchmarks economies with respect to the regulatory best practice on the indicator. The score is indicated on a scale from 0 to 100, where 0 represents the worst regulatory performance and 100 the best regulatory performance.