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Resolving insolvency: Cost in Colombia

Colombia: Resolving insolvency: Cost was 8.5% in 2019. ▲ Rising

Latest (2019)
8.5%
Change on year
unchanged
World rank
136th
of 167 countries
All-time high
8.5%
in 2011
All-time low
6.0%
in 2003
Years of data
17
2003–2019

Resolving insolvency: Cost in Colombia, 2003–2019

024682003201120192003: 6 % of estate2004: 6 % of estate2005: 6 % of estate2006: 6 % of estate2007: 6 % of estate2008: 6 % of estate2009: 6 % of estate2010: 6 % of estate2011: 8.5 % of estate2012: 8.5 % of estate2013: 8.5 % of estate2014: 8.5 % of estate2015: 8.5 % of estate2016: 8.5 % of estate2017: 8.5 % of estate2018: 8.5 % of estate2019: 8.5 % of estate

Source: World Bank. Measured in % of estate.

Analysis

The most recent figure for resolving insolvency: cost in Colombia is 8.5%, measured in 2019. That is the highest value across all 17 years on record.

The figure is up 41.7% over ten years.

Over the whole period, resolving insolvency: cost in Colombia peaked at 8.5% in 2011 and was at its lowest, 6.0%, in 2003.

Colombia ranks 136th of 167 countries on this measure, 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 6.0% 6.0% 6.0% 7
2010s 8.2% 6.0% 8.5% 10

Countries ranked near Colombia

  1. 136 Madagascar 8.5% compare
  2. 138 Bangladesh 8.0% compare
  3. 138 Australia 8.0% compare
  4. 138 Germany 8.0% compare
  5. 138 Montenegro 8.0% compare

See the full ranking of 167 places →

More reference data data for Colombia

All data for Colombia →

Frequently asked questions

What is resolving insolvency: cost in Colombia?
Resolving insolvency: cost in Colombia was 8.5% in 2019, according to the World Bank.
What is the highest resolving insolvency: cost recorded in Colombia?
The highest recorded value was 8.5% in 2011.
What is the lowest resolving insolvency: cost recorded in Colombia?
The lowest recorded value was 6.0% in 2003.
How does Colombia rank for resolving insolvency: cost?
Colombia ranks 136th out of 167 countries with data for 2019.
Is resolving insolvency: cost rising or falling in Colombia?
Over the last ten years it is up 41.7%. The long-run trend across the full record is rising.
Where does this Colombia 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 Colombia. Statizoid. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/resolving-insolvency-cost-percent-of-estate/colombia/

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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
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.