Resolving insolvency: Cost in Canada
Canada: Resolving insolvency: Cost was 7.0% in 2019. ▲ Rising
Resolving insolvency: Cost in Canada, 2003–2019
Source: World Bank. Measured in % of estate.
Analysis
In 2019, resolving insolvency: cost in Canada stood at 7.0%. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 100.0% over ten years.
Over the whole period, resolving insolvency: cost in Canada peaked at 7.0% in 2013 and was at its lowest, 3.5%, in 2003.
That places Canada 143rd out of 168 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Resolving insolvency: Cost in Canada, year by year
| Year | % of estate | Change |
|---|---|---|
| 2003 | 3.5% | — |
| 2004 | 3.5% | +0.0% |
| 2005 | 3.5% | +0.0% |
| 2006 | 3.5% | +0.0% |
| 2007 | 3.5% | +0.0% |
| 2008 | 3.5% | +0.0% |
| 2009 | 3.5% | +0.0% |
| 2010 | 3.5% | +0.0% |
| 2011 | 3.5% | +0.0% |
| 2012 | 3.5% | +0.0% |
| 2013 | 7.0% | +100.0% |
| 2014 | 7.0% | +0.0% |
| 2015 | 7.0% | +0.0% |
| 2016 | 7.0% | +0.0% |
| 2017 | 7.0% | +0.0% |
| 2018 | 7.0% | +0.0% |
| 2019 | 7.0% | +0.0% |
Canada compared with similar countries
- Canada's 7.0% is below the median for high income countries, which is 9.2%, 76% of the median. (60 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.5% | 3.5% | 3.5% | 7 |
| 2010s | 6.0% | 3.5% | 7.0% | 10 |
Countries ranked near Canada
More reference data data for Canada
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 2.05 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 3.92 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 20.47 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.92 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 20.47 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 6.86 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 7.45 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 22.03 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 99.83 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 15.88 (2050)
Frequently asked questions
- What is resolving insolvency: cost in Canada?
- Resolving insolvency: cost in Canada was 7.0% in 2019, according to the World Bank.
- What is the highest resolving insolvency: cost recorded in Canada?
- The highest recorded value was 7.0% in 2013.
- What is the lowest resolving insolvency: cost recorded in Canada?
- The lowest recorded value was 3.5% in 2003.
- How does Canada rank for resolving insolvency: cost?
- Canada ranks 143rd out of 168 countries with data for 2019.
- Is resolving insolvency: cost rising or falling in Canada?
- Over the last ten years it is up 100.0%. The long-run trend across the full record is rising.
- Where does this Canada 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.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.