Statizoid

Resolving insolvency: Cost in Tonga

Tonga: Resolving insolvency: Cost was 22.0% in 2019. ▬ Flat

Latest (2019)
22.0%
Change on year
unchanged
World rank
29th
of 165 countries
All-time high
22.0%
in 2003
All-time low
22.0%
in 2003
Years of data
17
2003–2019

Resolving insolvency: Cost in Tonga, 2003–2019

051015202003201120192003: 22 % of estate2004: 22 % of estate2005: 22 % of estate2006: 22 % of estate2007: 22 % of estate2008: 22 % of estate2009: 22 % of estate2010: 22 % of estate2011: 22 % of estate2012: 22 % of estate2013: 22 % of estate2014: 22 % of estate2015: 22 % of estate2016: 22 % of estate2017: 22 % of estate2018: 22 % of estate2019: 22 % of estate

Source: World Bank. Measured in % of estate.

Analysis

The most recent figure for resolving insolvency: cost in Tonga is 22.0%, measured in 2019. 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 Tonga peaked at 22.0% in 2003 and was at its lowest, 22.0%, in 2003.

That places Tonga 29th out of 165 countries with data for 2019, putting it in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2000s 22.0% 22.0% 22.0% 7
2010s 22.0% 22.0% 22.0% 10

Countries ranked near Tonga

  1. 27 Belize 22.5% compare
  2. 27 Palau 22.5% compare
  3. 29 China 22.0% compare
  4. 29 Nigeria 22.0% compare
  5. 29 Egypt 22.0% compare
  6. 29 Ghana 22.0% compare
  7. 29 Italy 22.0% compare
  8. 29 Kenya 22.0% compare
  9. 29 Qatar 22.0% compare
  10. 29 Tanzania 22.0% compare
  11. 29 Zimbabwe 22.0% compare

See the full ranking of 167 places →

More reference data data for Tonga

All data for Tonga →

Frequently asked questions

What is resolving insolvency: cost in Tonga?
Resolving insolvency: cost in Tonga was 22.0% in 2019, according to the World Bank.
What is the highest resolving insolvency: cost recorded in Tonga?
The highest recorded value was 22.0% in 2003.
What is the lowest resolving insolvency: cost recorded in Tonga?
The lowest recorded value was 22.0% in 2003.
How does Tonga rank for resolving insolvency: cost?
Tonga ranks 29th out of 165 countries with data for 2019.
Is resolving insolvency: cost rising or falling in Tonga?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Tonga 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.