Statizoid

Resolving insolvency: Recovery rate (cents on the dollar) by country

The recovery rate is recorded as cents on the dollar recovered by secured creditors through judicial reorganization, liquidation or debt enforcement (foreclosure or receivership) proceedings. The calculation takes into account the outcome: whether the business emerges from the proceedings as a going concern or the...

Countries reporting
188
Highest
92.1 cents on the dollar
Japan
Lowest
0 cents on the dollar
Saint Vincent and the Grenadines
Median
33.1 cents on the dollar
Years covered
17
2003–2019
Data points
3,083

What the numbers show

Resolving insolvency: Recovery rate (cents on the dollar) is currently reported for 188 countries. The highest value is 92.1 cents on the dollar in Japan; the lowest is 0 cents on the dollar in Saint Vincent and the Grenadines.

The median across all reporting countries is 33.1 cents on the dollar, and the mean is 36.77 cents on the dollar.

Over the past decade 119 countries rose and 38 fell. The largest increase was in Rwanda (up 503.1%), and the largest decrease in Turkey (down 48.0%).

Resolving insolvency: Recovery rate: full country ranking

#Country LatestYear 10-year changeTrend
1 Japan 92.1 cents on the dollar 2019 down 0.4% flat
2 Norway 91.9 cents on the dollar 2019 up 3.3% flat
3 Netherlands 90.1 cents on the dollar 2019 up 8.3% flat
4 Slovenia 90 cents on the dollar 2019 up 97.8% rising
5 Belgium 89.4 cents on the dollar 2019 up 3.6% flat
6 Singapore 88.7 cents on the dollar 2019 down 1.1% flat
7 Denmark 88.5 cents on the dollar 2019 up 2.3% rising
8 Finland 88 cents on the dollar 2019 up 0.8% flat
9 Hong Kong 87.2 cents on the dollar 2019 up 9.4% rising
10 Canada 86.7 cents on the dollar 2019 down 2.3% flat
11 Ireland 86.1 cents on the dollar 2019 down 0.6% flat
12 Iceland 85.5 cents on the dollar 2019 up 11.6% rising
13 United Kingdom 85.4 cents on the dollar 2019 up 1.4% flat
14 South Korea 84.3 cents on the dollar 2019 up 4.7% flat
15 Australia 82.7 cents on the dollar 2019 up 4.9% flat
16 Taiwan 82.2 cents on the dollar 2019 up 1.6% flat
17 Malaysia 81 cents on the dollar 2019 up 109.8% rising
17 United States 81 cents on the dollar 2019 up 5.6% rising
19 Austria 79.9 cents on the dollar 2019 up 11.7% rising
20 Germany 79.8 cents on the dollar 2019 down 0.9% flat
21 New Zealand 79.7 cents on the dollar 2019 up 4.7% rising
22 Sweden 78.1 cents on the dollar 2019 up 4.0% flat
23 Spain 77.5 cents on the dollar 2019 up 14.6% rising
24 France 74.8 cents on the dollar 2019 up 68.1% rising
25 Cyprus 73.8 cents on the dollar 2019 up 4.4% flat
26 India 71.6 cents on the dollar 2019 up 212.7% rising
27 Thailand 70.1 cents on the dollar 2019 up 64.9% rising
28 Colombia 68.7 cents on the dollar 2019 up 38.2% rising
29 Puerto Rico 67.7 cents on the dollar 2019 up 2.6% rising
30 Czechia 67.5 cents on the dollar 2019 up 223.0% rising
31 Mauritius 67.4 cents on the dollar 2019 up 22.5% rising
32 Jamaica 66.4 cents on the dollar 2019 up 2.9% flat
33 Botswana 66.3 cents on the dollar 2019 up 15.3% rising
34 Barbados 65.7 cents on the dollar 2019 up 0.9% flat
35 Italy 65.6 cents on the dollar 2019 up 15.9% rising
36 Indonesia 65.5 cents on the dollar 2019 up 120.5% volatile
37 Portugal 64.8 cents on the dollar 2019 down 6.6% falling
38 Bahamas 64.4 cents on the dollar 2019 up 3.5% flat
39 Mexico 63.9 cents on the dollar 2019 down 0.5% rising
40 Israel 62.6 cents on the dollar 2019 up 20.8% rising
41 Poland 60.9 cents on the dollar 2019 up 78.6% rising
42 Belize 56.7 cents on the dollar 2019 up 9.9% rising
43 Tunisia 51.3 cents on the dollar 2019 down 1.9% flat
44 Zambia 51 cents on the dollar 2019 up 68.9% rising
45 Algeria 50.8 cents on the dollar 2019 unchanged flat
46 Montenegro 50.3 cents on the dollar 2019 up 15.1% rising
47 Maldives 50.2 cents on the dollar 2019 up 3.1% rising
47 San Marino 50.2 cents on the dollar 2019 up 6.4% rising
49 North Macedonia 48 cents on the dollar 2019 up 15.9% rising
50 Brunei 47.2 cents on the dollar 2019 unchanged flat
51 Switzerland 46.7 cents on the dollar 2019 up 1.7% flat
52 Fiji 46.5 cents on the dollar 2019 up 4.7% rising
53 Slovakia 46.1 cents on the dollar 2019 up 0.4% rising
54 Vanuatu 45.8 cents on the dollar 2019 up 11.2% rising
55 Albania 44.6 cents on the dollar 2019 up 15.2% rising
56 Uruguay 44.4 cents on the dollar 2019 up 3.3% rising
57 Hungary 44.2 cents on the dollar 2019 up 15.1% rising
58 Luxembourg 43.9 cents on the dollar 2019 up 5.3% rising
59 Saint Lucia 43.5 cents on the dollar 2019 up 1.4% flat
60 Sri Lanka 43 cents on the dollar 2019 up 8.6% flat
60 Russia 43 cents on the dollar 2019 up 3.4% flat
62 Pakistan 42.8 cents on the dollar 2019 up 8.9% rising
63 Chile 41.9 cents on the dollar 2019 up 45.0% rising
64 Latvia 41.4 cents on the dollar 2019 up 42.8% rising
65 Bahrain 41.3 cents on the dollar 2019 up 6.2% rising
66 Nepal 41.2 cents on the dollar 2019 down 5.7% falling
67 Oman 41.1 cents on the dollar 2019 up 5.7% rising
68 Bolivia 40.8 cents on the dollar 2019 up 9.4% rising
69 Kyrgyzstan 40.6 cents on the dollar 2019 up 7.4% rising
70 Georgia 40.5 cents on the dollar 2019 up 45.2% rising
71 Lithuania 40.3 cents on the dollar 2019 down 18.4% falling
71 Uganda 40.3 cents on the dollar 2019 down 1.9% falling
73 Belarus 40.2 cents on the dollar 2019 up 179.2% volatile
74 Kazakhstan 39.8 cents on the dollar 2019 down 2.0% rising
75 Azerbaijan 39.7 cents on the dollar 2019 up 3.1% flat
75 Bosnia and Herzegovina 39.7 cents on the dollar 2019 up 10.6% rising
77 Armenia 39.2 cents on the dollar 2019 up 7.1% rising
77 Malta 39.2 cents on the dollar 2019 unchanged flat
79 Seychelles 38.8 cents on the dollar 2019 down 2.3% flat
80 Bulgaria 37.7 cents on the dollar 2019 up 17.8% rising
81 Eswatini 37.4 cents on the dollar 2019 up 7.2% flat
82 Antigua and Barbuda 37.1 cents on the dollar 2019 up 4.5% rising
83 China 36.9 cents on the dollar 2019 up 4.5% rising
84 Cote d'Ivoire 36.8 cents on the dollar 2019 up 8.2% rising
85 Estonia 36.1 cents on the dollar 2019 down 3.7% flat
85 Iran 36.1 cents on the dollar 2019 down 10.0% flat
87 Nicaragua 35.7 cents on the dollar 2019 up 4.1% rising
88 Croatia 35.2 cents on the dollar 2019 up 15.4% rising
89 Togo 35.1 cents on the dollar 2019 up 32.0% rising
90 South Africa 34.7 cents on the dollar 2019 up 7.8% rising
91 Serbia 34.5 cents on the dollar 2019 up 35.8% rising
92 Romania 34.4 cents on the dollar 2019 up 20.7% rising
92 Uzbekistan 34.4 cents on the dollar 2019 up 84.0% rising
94 Namibia 33.8 cents on the dollar 2019 up 8.7% rising
95 El Salvador 32.4 cents on the dollar 2019 up 5.2% rising
96 Kuwait 32.2 cents on the dollar 2019 up 14.6% rising
97 Moldova 32.1 cents on the dollar 2019 up 12.2% rising
98 Greece 32 cents on the dollar 2019 down 27.6% falling
99 Kenya 31.8 cents on the dollar 2019 up 0.6% flat
100 Peru 31.3 cents on the dollar 2019 up 23.2% rising
101 Lebanon 30.8 cents on the dollar 2019 up 3.0% rising
101 Mozambique 30.8 cents on the dollar 2019 up 21.7% rising
103 Palau 30.4 cents on the dollar 2019 up 0.3% falling
104 Sudan 30.2 cents on the dollar 2019 down 5.9% flat
105 Qatar 30 cents on the dollar 2019 up 6.8% rising
105 Senegal 30 cents on the dollar 2019 up 30.4% rising
107 Dominica 29.6 cents on the dollar 2019 up 5.0% rising
107 Tajikistan 29.6 cents on the dollar 2019 down 21.9% falling
109 Costa Rica 29.5 cents on the dollar 2019 up 16.1% rising
110 Bangladesh 29.1 cents on the dollar 2019 up 25.4% rising
111 Morocco 28.7 cents on the dollar 2019 down 18.2% falling
112 Mali 28.3 cents on the dollar 2019 up 35.4% rising
113 Tonga 28.2 cents on the dollar 2019 up 10.6% rising
114 Guatemala 28.1 cents on the dollar 2019 down 0.4% flat
114 Lesotho 28.1 cents on the dollar 2019 up 8.1% rising
116 Gambia 27.8 cents on the dollar 2019 down 0.4% flat
116 Nigeria 27.8 cents on the dollar 2019 down 0.7% rising
118 United Arab Emirates 27.7 cents on the dollar 2019 up 3.0% rising
119 Ethiopia 27.3 cents on the dollar 2019 down 15.2% falling
119 Jordan 27.3 cents on the dollar 2019 up 0.4% flat
121 Panama 27 cents on the dollar 2019 up 1.1% rising
122 Afghanistan 26.7 cents on the dollar 2019 up 9.9% rising
123 Trinidad and Tobago 26.1 cents on the dollar 2019 up 6.1% rising
124 Papua New Guinea 24.9 cents on the dollar 2019 up 0.8% rising
125 Solomon Islands 24.4 cents on the dollar 2019 up 3.4% rising
126 Ghana 24 cents on the dollar 2019 unchanged flat
127 Benin 23.9 cents on the dollar 2019 up 43.1% rising
128 Burkina Faso 23.6 cents on the dollar 2019 up 54.2% rising
129 Egypt 23.3 cents on the dollar 2019 up 38.7% rising
130 Paraguay 23 cents on the dollar 2019 up 11.1% rising
131 Vietnam 21.3 cents on the dollar 2019 up 18.3% rising
132 Philippines 21.1 cents on the dollar 2019 up 379.5% volatile
132 Syria 21.1 cents on the dollar 2019 down 28.7% falling
134 Yemen 21 cents on the dollar 2019 down 13.6% falling
135 Niger 20.9 cents on the dollar 2019 up 49.3% rising
136 Tanzania 20.4 cents on the dollar 2019 down 4.2% falling
137 Honduras 19.9 cents on the dollar 2019 down 4.3% flat
138 Congo 19.4 cents on the dollar 2019 up 9.0% rising
138 Guinea 19.4 cents on the dollar 2019 down 7.6% falling
140 Rwanda 19.3 cents on the dollar 2019 up 503.1% volatile
141 Argentina 19.2 cents on the dollar 2019 down 34.2% falling
142 Samoa 18.5 cents on the dollar 2019 up 6.9% flat
143 Guyana 18.4 cents on the dollar 2019 up 4.5% rising
144 Ecuador 18.3 cents on the dollar 2019 up 13.7% rising
145 Brazil 18.2 cents on the dollar 2019 up 6.4% volatile
145 Mongolia 18.2 cents on the dollar 2019 down 1.1% rising
147 Zimbabwe 17.5 cents on the dollar 2019 — volatile
148 Liberia 17.4 cents on the dollar 2019 up 4.8% rising
149 Marshall Islands 17.1 cents on the dollar 2019 down 4.5% falling
150 Cameroon 15.8 cents on the dollar 2019 up 18.8% rising
151 Malawi 15.6 cents on the dollar 2019 down 10.9% rising
152 Myanmar 14.7 cents on the dollar 2019 up 15.7% rising
153 Cambodia 14.6 cents on the dollar 2019 up 32.7% rising
154 Gabon 14.5 cents on the dollar 2019 down 4.6% flat
155 Madagascar 12.4 cents on the dollar 2019 down 19.0% falling
156 Sierra Leone 11.1 cents on the dollar 2019 up 30.6% rising
157 Turkey 10.5 cents on the dollar 2019 down 48.0% rising
158 Dominican Republic 9.6 cents on the dollar 2019 up 7.9% rising
159 Ukraine 9 cents on the dollar 2019 down 11.8% falling
160 Suriname 7.7 cents on the dollar 2019 down 4.9% rising
161 Burundi 7.5 cents on the dollar 2019 up 10.3% rising
162 Venezuela 5.3 cents on the dollar 2019 down 11.7% rising
163 Micronesia (country) 3.4 cents on the dollar 2019 unchanged flat
164 Angola 0 cents on the dollar 2019 — flat
164 Bhutan 0 cents on the dollar 2019 — flat
164 Central African Republic 0 cents on the dollar 2019 — flat
164 Democratic Republic of Congo 0 cents on the dollar 2019 — flat
164 Comoros 0 cents on the dollar 2019 — flat
164 Cape Verde 0 cents on the dollar 2019 — flat
164 Eritrea 0 cents on the dollar 2019 — flat
164 Guinea-Bissau 0 cents on the dollar 2019 — flat
164 Equatorial Guinea 0 cents on the dollar 2019 — flat
164 Grenada 0 cents on the dollar 2019 — flat
164 Haiti 0 cents on the dollar 2019 — flat
164 Iraq 0 cents on the dollar 2019 — flat
164 Kiribati 0 cents on the dollar 2019 — flat
164 Saint Kitts and Nevis 0 cents on the dollar 2019 — flat
164 Laos 0 cents on the dollar 2019 — flat
164 Libya 0 cents on the dollar 2019 — flat
164 Mauritania 0 cents on the dollar 2019 — flat
164 Palestine 0 cents on the dollar 2019 — flat
164 Saudi Arabia 0 cents on the dollar 2019 — flat
164 Somalia 0 cents on the dollar 2019 — flat
164 South Sudan 0 cents on the dollar 2019 — flat
164 Sao Tome and Principe 0 cents on the dollar 2019 — flat
164 Chad 0 cents on the dollar 2019 — flat
164 East Timor 0 cents on the dollar 2019 — flat
164 Saint Vincent and the Grenadines 0 cents on the dollar 2019 — flat

Regions and income groups

Aggregates are excluded from the country ranking above so that a region can never outrank a country.

  • Kosovo 39.6 cents on the dollar

About this data

Indicator
Resolving insolvency: Recovery rate (cents on the dollar)
Unit
cents on the dollar
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 3,083 data points, 2003–2019
Last refreshed

The recovery rate is recorded as cents on the dollar recovered by secured creditors through judicial reorganization, liquidation or debt enforcement (foreclosure or receivership) proceedings. The calculation takes into account the outcome: whether the business emerges from the proceedings as a going concern or the assets are sold piecemeal.