Resolving insolvency: Cost in Belize

Belize: Resolving insolvency: Cost was 22.5% in 2019. ▬ Flat

Latest (2019)
22.5%
Change on year
unchanged
World rank
27th
of 168 countries
All-time high
22.5%
in 2005
All-time low
22.5%
in 2005
Years of data
15
2005–2019

Resolving insolvency: Cost in Belize, 2005–2019

05101520252005201220192005: 22.5 % of estate2006: 22.5 % of estate2007: 22.5 % of estate2008: 22.5 % of estate2009: 22.5 % of estate2010: 22.5 % of estate2011: 22.5 % of estate2012: 22.5 % of estate2013: 22.5 % of estate2014: 22.5 % of estate2015: 22.5 % of estate2016: 22.5 % of estate2017: 22.5 % of estate2018: 22.5 % of estate2019: 22.5 % of estate

Source: World Bank. Measured in % of estate.

Analysis

Belize recorded 22.5% for resolving insolvency: cost in 2019. That is the highest value across all 15 years on record.

That represents a change of unchanged over ten years.

Over the whole period, resolving insolvency: cost in Belize peaked at 22.5% in 2005 and was at its lowest, 22.5%, in 2005.

That places Belize 27th out of 168 countries with data for 2019, putting it in the top quarter.

Resolving insolvency: Cost in Belize, year by year

Annual values for Resolving insolvency: Cost (% of estate) in Belize, 2005 to 2019.
Year % of estate Change
2005 22.5% —
2006 22.5% +0.0%
2007 22.5% +0.0%
2008 22.5% +0.0%
2009 22.5% +0.0%
2010 22.5% +0.0%
2011 22.5% +0.0%
2012 22.5% +0.0%
2013 22.5% +0.0%
2014 22.5% +0.0%
2015 22.5% +0.0%
2016 22.5% +0.0%
2017 22.5% +0.0%
2018 22.5% +0.0%
2019 22.5% +0.0%

Belize compared with similar countries

  • Belize's 22.5% is above the median for upper middle income countries, which is 15.0%, 1.5× the median. (50 countries reporting)
  • Belize's 22.5% is above the median for Latin America & Caribbean, which is 14.5%, 1.6× the median. (29 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 22.5% 22.5% 22.5% 5
2010s 22.5% 22.5% 22.5% 10

Countries ranked near Belize

  1. 25 Israel 23.0% compare
  2. 25 Papua New Guinea 23.0% compare
  3. 27 Palau 22.5% compare
  4. 29 China 22.0% compare
  5. 29 Nigeria 22.0% compare
  6. 29 Egypt 22.0% compare
  7. 29 Ghana 22.0% compare
  8. 29 Italy 22.0% compare
  9. 29 Kenya 22.0% compare
  10. 29 Qatar 22.0% compare
  11. 29 Tanzania 22.0% compare
  12. 29 Tonga 22.0% compare
  13. 29 Zimbabwe 22.0% compare

See the full ranking of 168 places →

More reference data data for Belize

All data for Belize →

Frequently asked questions

What is resolving insolvency: cost in Belize?
Resolving insolvency: cost in Belize was 22.5% in 2019, according to the World Bank.
What is the highest resolving insolvency: cost recorded in Belize?
The highest recorded value was 22.5% in 2005.
What is the lowest resolving insolvency: cost recorded in Belize?
The lowest recorded value was 22.5% in 2005.
How does Belize rank for resolving insolvency: cost?
Belize ranks 27th out of 168 countries with data for 2019.
Is resolving insolvency: cost rising or falling in Belize?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Belize data come from?
The figures come from the World Bank, published as part of Resolving insolvency: Cost (% of estate). Statizoid updates them automatically from the source API.

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Resolving insolvency: Cost in Belize. Statizoid. Retrieved 29 September 2026, from https://reference.statizoid.com/stat/resolving-insolvency-cost-percent-of-estate/belize/

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About this data

Indicator
Resolving insolvency: Cost (% of estate)
Unit
% of estate
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
168 places, 2,747 data points, 2003–2019
Last refreshed

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.