Resolving insolvency: Cost in Philippines

Philippines: Resolving insolvency: Cost was 32.0% in 2019. ▼ Falling

Latest (2019)
32.0%
Change on year
unchanged
World rank
13th
of 165 countries
All-time high
38.0%
in 2003
All-time low
32.0%
in 2013
Years of data
17
2003–2019

Resolving insolvency: Cost in Philippines, 2003–2019

0102030402003201120192003: 38 % of estate2004: 38 % of estate2005: 38 % of estate2006: 38 % of estate2007: 38 % of estate2008: 38 % of estate2009: 38 % of estate2010: 38 % of estate2011: 38 % of estate2012: 38 % of estate2013: 32 % of estate2014: 32 % of estate2015: 32 % of estate2016: 32 % of estate2017: 32 % of estate2018: 32 % of estate2019: 32 % of estate

Source: World Bank. Measured in % of estate.

Analysis

Philippines recorded 32.0% for resolving insolvency: cost in 2019. That is the lowest value across all 17 years on record.

That represents a change of down 15.8% over ten years.

Over the whole period, resolving insolvency: cost in Philippines peaked at 38.0% in 2003 and was at its lowest, 32.0%, in 2013.

Philippines ranks 13th of 165 countries on this measure, in the top 10%.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 38.0% 38.0% 38.0% 7
2010s 33.8% 32.0% 38.0% 10

Countries ranked near Philippines

  1. 12 Cameroon 33.5% compare
  2. 14 Burundi 30.0% compare
  3. 14 Liberia 30.0% compare
  4. 14 Suriname 30.0% compare

See the full ranking of 167 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is resolving insolvency: cost in Philippines?
Resolving insolvency: cost in Philippines was 32.0% in 2019, according to the World Bank.
What is the highest resolving insolvency: cost recorded in Philippines?
The highest recorded value was 38.0% in 2003.
What is the lowest resolving insolvency: cost recorded in Philippines?
The lowest recorded value was 32.0% in 2013.
How does Philippines rank for resolving insolvency: cost?
Philippines ranks 13th out of 165 countries with data for 2019.
Is resolving insolvency: cost rising or falling in Philippines?
Over the last ten years it is down 15.8%. The long-run trend across the full record is falling.
Where does this Philippines 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.