Resolving insolvency: Cost in Papua New Guinea

Papua New Guinea: Resolving insolvency: Cost was 23.0% in 2019. ▬ Flat

Latest (2019)
23.0%
Change on year
unchanged
World rank
25th
of 168 countries
All-time high
23.0%
in 2003
All-time low
23.0%
in 2003
Years of data
17
2003–2019

Resolving insolvency: Cost in Papua New Guinea, 2003–2019

05101520252003201120192003: 23 % of estate2004: 23 % of estate2005: 23 % of estate2006: 23 % of estate2007: 23 % of estate2008: 23 % of estate2009: 23 % of estate2010: 23 % of estate2011: 23 % of estate2012: 23 % of estate2013: 23 % of estate2014: 23 % of estate2015: 23 % of estate2016: 23 % of estate2017: 23 % of estate2018: 23 % of estate2019: 23 % of estate

Source: World Bank. Measured in % of estate.

Analysis

In 2019, resolving insolvency: cost in Papua New Guinea stood at 23.0%. That is the highest value across all 17 years on record.

The figure is unchanged over ten years.

Over the whole period, resolving insolvency: cost in Papua New Guinea peaked at 23.0% in 2003 and was at its lowest, 23.0%, in 2003.

That places Papua New Guinea 25th out of 168 countries with data for 2019, putting it in the top quarter.

Resolving insolvency: Cost in Papua New Guinea, year by year

Annual values for Resolving insolvency: Cost (% of estate) in Papua New Guinea, 2003 to 2019.
Year % of estate Change
2003 23.0%
2004 23.0% +0.0%
2005 23.0% +0.0%
2006 23.0% +0.0%
2007 23.0% +0.0%
2008 23.0% +0.0%
2009 23.0% +0.0%
2010 23.0% +0.0%
2011 23.0% +0.0%
2012 23.0% +0.0%
2013 23.0% +0.0%
2014 23.0% +0.0%
2015 23.0% +0.0%
2016 23.0% +0.0%
2017 23.0% +0.0%
2018 23.0% +0.0%
2019 23.0% +0.0%

Averages by decade

DecadeAverage LowestHighest Years
2000s 23.0% 23.0% 23.0% 7
2010s 23.0% 23.0% 23.0% 10

Countries ranked near Papua New Guinea

  1. 25 Israel 23.0% compare
  2. 27 Belize 22.5% compare
  3. 27 Palau 22.5% compare

See the full ranking of 168 places →

More reference data data for Papua New Guinea

All data for Papua New Guinea →

Frequently asked questions

What is resolving insolvency: cost in Papua New Guinea?
Resolving insolvency: cost in Papua New Guinea was 23.0% in 2019, according to the World Bank.
What is the highest resolving insolvency: cost recorded in Papua New Guinea?
The highest recorded value was 23.0% in 2003.
What is the lowest resolving insolvency: cost recorded in Papua New Guinea?
The lowest recorded value was 23.0% in 2003.
How does Papua New Guinea rank for resolving insolvency: cost?
Papua New Guinea ranks 25th out of 168 countries with data for 2019.
Is resolving insolvency: cost rising or falling in Papua New Guinea?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Papua New Guinea 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 Papua New Guinea. Statizoid. Retrieved 28 August 2026, from https://reference.statizoid.com/stat/resolving-insolvency-cost-percent-of-estate/papua-new-guinea/

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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.