Statizoid

Resolving insolvency: Cost in Canada

Canada: Resolving insolvency: Cost was 7.0% in 2019. ▲ Rising

Latest (2019)
7.0%
Change on year
unchanged
World rank
140th
of 165 countries
All-time high
7.0%
in 2013
All-time low
3.5%
in 2003
Years of data
17
2003–2019

Resolving insolvency: Cost in Canada, 2003–2019

024682003201120192003: 3.5 % of estate2004: 3.5 % of estate2005: 3.5 % of estate2006: 3.5 % of estate2007: 3.5 % of estate2008: 3.5 % of estate2009: 3.5 % of estate2010: 3.5 % of estate2011: 3.5 % of estate2012: 3.5 % of estate2013: 7 % of estate2014: 7 % of estate2015: 7 % of estate2016: 7 % of estate2017: 7 % of estate2018: 7 % of estate2019: 7 % of estate

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 140th out of 165 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.

Averages by decade

DecadeAverage LowestHighest Years
2000s 3.5% 3.5% 3.5% 7
2010s 6.0% 3.5% 7.0% 10

Countries ranked near Canada

  1. 140 Algeria 7.0% compare
  2. 140 Antigua and Barbuda 7.0% compare
  3. 140 Oman 7.0% compare
  4. 140 Peru 7.0% compare
  5. 140 Tunisia 7.0% compare
  6. 140 Uruguay 7.0% compare

See the full ranking of 167 places →

More reference data data for Canada

All data for Canada →

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 140th out of 165 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

Indicator
Resolving insolvency: Cost (% of estate)
Unit
% of estate
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
167 places, 2,736 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.