Statizoid

Resolving insolvency: Cost in Latvia

Latvia: Resolving insolvency: Cost was 10.0% in 2019. ▼ Falling

Latest (2019)
10.0%
Change on year
unchanged
World rank
106th
of 167 countries
All-time high
13.0%
in 2003
All-time low
10.0%
in 2011
Years of data
17
2003–2019

Resolving insolvency: Cost in Latvia, 2003–2019

0510152003201120192003: 13 % of estate2004: 13 % of estate2005: 13 % of estate2006: 13 % of estate2007: 13 % of estate2008: 13 % of estate2009: 13 % of estate2010: 13 % of estate2011: 10 % of estate2012: 10 % of estate2013: 10 % of estate2014: 10 % of estate2015: 10 % of estate2016: 10 % of estate2017: 10 % of estate2018: 10 % of estate2019: 10 % of estate

Source: World Bank. Measured in % of estate.

Analysis

Latvia recorded 10.0% for resolving insolvency: cost in 2019. That is the lowest value across all 17 years on record.

That represents a change of down 23.1% over ten years.

Over the whole period, resolving insolvency: cost in Latvia peaked at 13.0% in 2003 and was at its lowest, 10.0%, in 2011.

Latvia ranks 106th of 167 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 13.0% 13.0% 13.0% 7
2010s 10.3% 10.0% 13.0% 10

Countries ranked near Latvia

  1. 105 Romania 10.5% compare
  2. 106 United States 10.0% compare
  3. 106 Albania 10.0% compare
  4. 106 Austria 10.0% compare
  5. 106 Dominica 10.0% compare
  6. 106 Fiji 10.0% compare
  7. 106 Georgia 10.0% compare
  8. 106 Guinea 10.0% compare
  9. 106 Kuwait 10.0% compare
  10. 106 Malaysia 10.0% compare
  11. 106 Malta 10.0% compare
  12. 106 North Macedonia 10.0% compare
  13. 106 Sri Lanka 10.0% compare
  14. 106 Uzbekistan 10.0% compare

See the full ranking of 167 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is resolving insolvency: cost in Latvia?
Resolving insolvency: cost in Latvia was 10.0% in 2019, according to the World Bank.
What is the highest resolving insolvency: cost recorded in Latvia?
The highest recorded value was 13.0% in 2003.
What is the lowest resolving insolvency: cost recorded in Latvia?
The lowest recorded value was 10.0% in 2011.
How does Latvia rank for resolving insolvency: cost?
Latvia ranks 106th out of 167 countries with data for 2019.
Is resolving insolvency: cost rising or falling in Latvia?
Over the last ten years it is down 23.1%. The long-run trend across the full record is falling.
Where does this Latvia 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).

Share, cite or embed this page

Cite this page

Resolving insolvency: Cost in Latvia. Statizoid. Retrieved 21 August 2026, from https://reference.statizoid.com/stat/resolving-insolvency-cost-percent-of-estate/latvia/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (World Bank Open Data); please keep the attribution.

<a href="https://reference.statizoid.com/stat/resolving-insolvency-cost-percent-of-estate/latvia/">Resolving insolvency: Cost in Latvia</a> — Statizoid

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.