Enforcing contracts: Time (days) - Score in South Korea

South Korea: Enforcing contracts: Time (days) - Score was 86.07 in 2019. ▼ Falling

Latest (2019)
86.07
Change on year
unchanged
World rank
10th
of 188 countries
All-time high
90.98
in 2003
All-time low
86.07
in 2012
Years of data
17
2003–2019

Enforcing contracts: Time (days) - Score in South Korea, 2003–2019

0204060801002003201120192003: 912004: 912005: 912006: 912007: 912008: 912009: 912010: 912011: 912012: 86.12013: 86.12014: 86.12015: 86.12016: 86.12017: 86.12018: 86.12019: 86.1

Source: World Bank.

Analysis

South Korea recorded 86.07 for enforcing contracts: time (days) - score in 2019. That is the lowest value across all 17 years on record.

That represents a change of down 5.4% over ten years.

Over the whole period, enforcing contracts: time (days) - score in South Korea peaked at 90.98 in 2003 and was at its lowest, 86.07, in 2012.

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

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 90.98 90.98 90.98 7
2010s 87.05 86.07 90.98 10

Countries ranked near South Korea

  1. 7 Belarus 87.3 compare
  2. 8 Azerbaijan 87.13 compare
  3. 9 Georgia 86.48 compare
  4. 11 Guinea 84.34 compare
  5. 12 Luxembourg 83.52 compare
  6. 13 Russia 82.21 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: time (days) - score in South Korea?
Enforcing contracts: time (days) - score in South Korea was 86.07 in 2019, according to the World Bank.
What is the highest enforcing contracts: time (days) - score recorded in South Korea?
The highest recorded value was 90.98 in 2003.
What is the lowest enforcing contracts: time (days) - score recorded in South Korea?
The lowest recorded value was 86.07 in 2012.
How does South Korea rank for enforcing contracts: time (days) - score?
South Korea ranks 10th out of 188 countries with data for 2019.
Is enforcing contracts: time (days) - score rising or falling in South Korea?
Over the last ten years it is down 5.4%. The long-run trend across the full record is falling.
Where does this South Korea data come from?
The figures come from the World Bank, published as part of Enforcing contracts: Time (days) - 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: Time (days) - 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 time 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.