Resolving insolvency: Cost (% of estate) by country
The cost to resolve insolvency is the cost of the proceedings is recorded as a percentage of the value of the debtor’s estate, including court fees and government levies, fees of insolvency administrators, auctioneers, assessors and lawyers, and all other fees and costs.
Countries reporting
168
Highest
76.0%
Central African Republic
Lowest
1.0%
Norway
Median
14.5%
Years covered
17
2003–2019
Data points
2,747
What the numbers show
Resolving insolvency: Cost (% of estate) is currently reported for 168 countries. The highest value is 76.0% in Central African Republic; the lowest is 1.0% in Norway.
The median across all reporting countries is 14.5%, and the mean is 16.1%.
The gap between the highest and lowest reporting country is a factor of about 76.
Over the past decade 13 countries rose and 14 fell. The largest increase was in Georgia (up 185.7%), and the largest decrease in Thailand (down 50.0%).
Resolving insolvency: Cost: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Central African Republic | 76.0% | 2019 | unchanged | flat |
| 2 | Chad | 60.0% | 2019 | unchanged | flat |
| 3 | Sierra Leone | 42.0% | 2019 | unchanged | flat |
| 4 | Ukraine | 40.5% | 2019 | unchanged | flat |
| 5 | Dominican Republic | 38.0% | 2019 | unchanged | flat |
| 5 | Micronesia (country) | 38.0% | 2019 | unchanged | flat |
| 5 | Marshall Islands | 38.0% | 2019 | unchanged | flat |
| 5 | Solomon Islands | 38.0% | 2019 | unchanged | flat |
| 5 | Venezuela | 38.0% | 2019 | unchanged | flat |
| 5 | Vanuatu | 38.0% | 2019 | unchanged | flat |
| 5 | Samoa | 38.0% | 2019 | unchanged | flat |
| 12 | Cameroon | 33.5% | 2019 | unchanged | flat |
| 13 | Philippines | 32.0% | 2019 | down 15.8% | falling |
| 14 | Burundi | 30.0% | 2019 | unchanged | flat |
| 14 | Liberia | 30.0% | 2019 | unchanged | flat |
| 14 | Suriname | 30.0% | 2019 | unchanged | flat |
| 17 | Uganda | 29.5% | 2019 | unchanged | flat |
| 18 | Rwanda | 29.0% | 2019 | down 42.0% | falling |
| 19 | Guyana | 28.5% | 2019 | unchanged | flat |
| 20 | Afghanistan | 25.0% | 2019 | unchanged | flat |
| 20 | Congo | 25.0% | 2019 | unchanged | flat |
| 20 | Malawi | 25.0% | 2019 | unchanged | falling |
| 20 | Panama | 25.0% | 2019 | unchanged | flat |
| 20 | Trinidad and Tobago | 25.0% | 2019 | unchanged | flat |
| 25 | Israel | 23.0% | 2019 | unchanged | flat |
| 25 | Papua New Guinea | 23.0% | 2019 | unchanged | flat |
| 27 | Belize | 22.5% | 2019 | unchanged | flat |
| 27 | Palau | 22.5% | 2019 | unchanged | flat |
| 29 | China | 22.0% | 2019 | unchanged | flat |
| 29 | Egypt | 22.0% | 2019 | unchanged | flat |
| 29 | Ghana | 22.0% | 2019 | unchanged | flat |
| 29 | Italy | 22.0% | 2019 | unchanged | flat |
| 29 | Kenya | 22.0% | 2019 | unchanged | flat |
| 29 | Nigeria | 22.0% | 2019 | unchanged | flat |
| 29 | Qatar | 22.0% | 2019 | unchanged | flat |
| 29 | Tonga | 22.0% | 2019 | unchanged | flat |
| 29 | Tanzania | 22.0% | 2019 | unchanged | flat |
| 29 | Zimbabwe | 22.0% | 2019 | unchanged | flat |
| 39 | Indonesia | 21.6% | 2019 | down 1.8% | rising |
| 40 | Benin | 21.5% | 2019 | unchanged | rising |
| 41 | Burkina Faso | 21.0% | 2019 | unchanged | flat |
| 42 | Mozambique | 20.5% | 2019 | unchanged | flat |
| 43 | United Arab Emirates | 20.0% | 2019 | unchanged | flat |
| 43 | Jordan | 20.0% | 2019 | unchanged | flat |
| 43 | Lesotho | 20.0% | 2019 | unchanged | flat |
| 43 | Sudan | 20.0% | 2019 | unchanged | flat |
| 43 | Senegal | 20.0% | 2019 | unchanged | flat |
| 43 | Serbia | 20.0% | 2019 | down 13.0% | falling |
| 49 | Botswana | 18.0% | 2019 | unchanged | flat |
| 49 | Cote d'Ivoire | 18.0% | 2019 | unchanged | flat |
| 49 | Ecuador | 18.0% | 2019 | unchanged | flat |
| 49 | Jamaica | 18.0% | 2019 | unchanged | flat |
| 49 | Cambodia | 18.0% | 2019 | unchanged | flat |
| 49 | Morocco | 18.0% | 2019 | unchanged | flat |
| 49 | Mexico | 18.0% | 2019 | unchanged | flat |
| 49 | Mali | 18.0% | 2019 | unchanged | flat |
| 49 | Myanmar | 18.0% | 2019 | unchanged | flat |
| 49 | Niger | 18.0% | 2019 | unchanged | flat |
| 49 | Slovakia | 18.0% | 2019 | unchanged | flat |
| 49 | Thailand | 18.0% | 2019 | down 50.0% | falling |
| 49 | South Africa | 18.0% | 2019 | unchanged | flat |
| 62 | Belarus | 17.0% | 2019 | down 22.7% | falling |
| 62 | Czechia | 17.0% | 2019 | up 17.2% | rising |
| 62 | Tajikistan | 17.0% | 2019 | up 88.9% | rising |
| 65 | Argentina | 16.5% | 2019 | unchanged | flat |
| 66 | Syria | 16.0% | 2019 | up 77.8% | rising |
| 67 | Barbados | 15.0% | 2019 | unchanged | flat |
| 67 | Iran | 15.0% | 2019 | unchanged | flat |
| 67 | Kazakhstan | 15.0% | 2019 | unchanged | flat |
| 67 | Lebanon | 15.0% | 2019 | unchanged | flat |
| 67 | Lithuania | 15.0% | 2019 | up 114.3% | rising |
| 67 | Moldova | 15.0% | 2019 | up 66.7% | rising |
| 67 | Mongolia | 15.0% | 2019 | unchanged | flat |
| 67 | Poland | 15.0% | 2019 | unchanged | flat |
| 67 | Togo | 15.0% | 2019 | unchanged | flat |
| 67 | Kosovo | 15.0% | 2019 | down 2.0% | flat |
| 67 | Yemen | 15.0% | 2019 | unchanged | flat |
| 67 | Kosovo (UNSCR 1244) | 15.0% | 2019 | down 2.0% | flat |
| 79 | Bolivia | 14.5% | 2019 | unchanged | flat |
| 79 | Chile | 14.5% | 2019 | unchanged | falling |
| 79 | Costa Rica | 14.5% | 2019 | unchanged | flat |
| 79 | Cyprus | 14.5% | 2019 | unchanged | flat |
| 79 | Ethiopia | 14.5% | 2019 | unchanged | flat |
| 79 | Gabon | 14.5% | 2019 | unchanged | flat |
| 79 | Gambia | 14.5% | 2019 | unchanged | flat |
| 79 | Guatemala | 14.5% | 2019 | unchanged | flat |
| 79 | Honduras | 14.5% | 2019 | unchanged | flat |
| 79 | Croatia | 14.5% | 2019 | unchanged | flat |
| 79 | Hungary | 14.5% | 2019 | unchanged | flat |
| 79 | Luxembourg | 14.5% | 2019 | unchanged | flat |
| 79 | Mauritius | 14.5% | 2019 | unchanged | flat |
| 79 | Namibia | 14.5% | 2019 | unchanged | flat |
| 79 | Nicaragua | 14.5% | 2019 | unchanged | flat |
| 79 | Eswatini | 14.5% | 2019 | unchanged | flat |
| 79 | Turkey | 14.5% | 2019 | unchanged | flat |
| 79 | Vietnam | 14.5% | 2019 | unchanged | flat |
| 97 | Azerbaijan | 12.0% | 2019 | unchanged | flat |
| 97 | Bahamas | 12.0% | 2019 | unchanged | flat |
| 97 | Brazil | 12.0% | 2019 | unchanged | rising |
| 97 | El Salvador | 12.0% | 2019 | up 33.3% | rising |
| 101 | Armenia | 11.0% | 2019 | unchanged | flat |
| 101 | Djibouti | 11.0% | 2019 | unchanged | flat |
| 101 | Spain | 11.0% | 2019 | down 24.1% | falling |
| 101 | Puerto Rico | 11.0% | 2019 | up 37.5% | rising |
| 101 | Seychelles | 11.0% | 2019 | unchanged | flat |
| 106 | Romania | 10.5% | 2019 | unchanged | rising |
| 107 | Albania | 10.0% | 2019 | unchanged | flat |
| 107 | Austria | 10.0% | 2019 | down 44.4% | falling |
| 107 | Dominica | 10.0% | 2019 | unchanged | flat |
| 107 | Fiji | 10.0% | 2019 | unchanged | volatile |
| 107 | Georgia | 10.0% | 2019 | up 185.7% | rising |
| 107 | Guinea | 10.0% | 2019 | unchanged | flat |
| 107 | Kuwait | 10.0% | 2019 | unchanged | flat |
| 107 | Sri Lanka | 10.0% | 2019 | unchanged | flat |
| 107 | Latvia | 10.0% | 2019 | down 23.1% | falling |
| 107 | North Macedonia | 10.0% | 2019 | unchanged | flat |
| 107 | Malta | 10.0% | 2019 | unchanged | flat |
| 107 | Malaysia | 10.0% | 2019 | down 31.0% | falling |
| 107 | United States | 10.0% | 2019 | up 42.9% | rising |
| 107 | Uzbekistan | 10.0% | 2019 | unchanged | flat |
| 121 | Bahrain | 9.5% | 2019 | unchanged | flat |
| 121 | Kyrgyzstan | 9.5% | 2019 | unchanged | flat |
| 123 | Bulgaria | 9.0% | 2019 | unchanged | flat |
| 123 | Bosnia and Herzegovina | 9.0% | 2019 | unchanged | rising |
| 123 | Estonia | 9.0% | 2019 | unchanged | flat |
| 123 | France | 9.0% | 2019 | unchanged | flat |
| 123 | Greece | 9.0% | 2019 | unchanged | flat |
| 123 | India | 9.0% | 2019 | unchanged | flat |
| 123 | Ireland | 9.0% | 2019 | unchanged | flat |
| 123 | Saint Lucia | 9.0% | 2019 | unchanged | flat |
| 123 | Nepal | 9.0% | 2019 | unchanged | flat |
| 123 | Portugal | 9.0% | 2019 | unchanged | flat |
| 123 | Paraguay | 9.0% | 2019 | unchanged | flat |
| 123 | Russia | 9.0% | 2019 | unchanged | flat |
| 123 | Sweden | 9.0% | 2019 | unchanged | flat |
| 123 | Zambia | 9.0% | 2019 | unchanged | flat |
| 137 | Colombia | 8.5% | 2019 | up 41.7% | rising |
| 137 | Madagascar | 8.5% | 2019 | unchanged | flat |
| 139 | Australia | 8.0% | 2019 | unchanged | flat |
| 139 | Bangladesh | 8.0% | 2019 | unchanged | flat |
| 139 | Germany | 8.0% | 2019 | unchanged | rising |
| 139 | Montenegro | 8.0% | 2019 | unchanged | flat |
| 143 | Antigua and Barbuda | 7.0% | 2019 | unchanged | flat |
| 143 | Canada | 7.0% | 2019 | up 100.0% | rising |
| 143 | Algeria | 7.0% | 2019 | unchanged | flat |
| 143 | Oman | 7.0% | 2019 | unchanged | flat |
| 143 | Peru | 7.0% | 2019 | unchanged | flat |
| 143 | Tunisia | 7.0% | 2019 | unchanged | flat |
| 143 | Uruguay | 7.0% | 2019 | unchanged | flat |
| 150 | United Kingdom | 6.0% | 2019 | unchanged | flat |
| 151 | Hong Kong | 5.0% | 2019 | down 44.4% | falling |
| 151 | San Marino | 5.0% | 2019 | unchanged | flat |
| 153 | Switzerland | 4.5% | 2019 | unchanged | flat |
| 154 | Japan | 4.2% | 2019 | up 20.0% | rising |
| 155 | Denmark | 4.0% | 2019 | unchanged | flat |
| 155 | Maldives | 4.0% | 2019 | unchanged | flat |
| 155 | Pakistan | 4.0% | 2019 | unchanged | flat |
| 155 | Singapore | 4.0% | 2019 | up 33.3% | rising |
| 155 | Slovenia | 4.0% | 2019 | down 50.0% | falling |
| 155 | Taiwan | 4.0% | 2019 | unchanged | flat |
| 161 | Belgium | 3.5% | 2019 | unchanged | flat |
| 161 | Brunei | 3.5% | 2019 | unchanged | flat |
| 161 | Finland | 3.5% | 2019 | unchanged | flat |
| 161 | Iceland | 3.5% | 2019 | unchanged | flat |
| 161 | South Korea | 3.5% | 2019 | unchanged | flat |
| 161 | Netherlands | 3.5% | 2019 | unchanged | flat |
| 161 | New Zealand | 3.5% | 2019 | unchanged | flat |
| 168 | Norway | 1.0% | 2019 | unchanged | flat |
About this data
The cost to resolve insolvency is the cost of the proceedings is recorded as a percentage of the value of the debtor’s estate, including court fees and government levies, fees of insolvency administrators, auctioneers, assessors and lawyers, and all other fees and costs.