Resolving insolvency: Recovery rate in Latvia
Latvia: Resolving insolvency: Recovery rate was 41.4 cents on the dollar in 2019. ▲ Rising
Resolving insolvency: Recovery rate in Latvia, 2003–2019
Source: World Bank. Measured in cents on the dollar.
Analysis
Latvia recorded 41.4 cents on the dollar for resolving insolvency: recovery rate in 2019.
The figure is up 0.7% on the previous year and up 42.8% over ten years.
Over the whole period, resolving insolvency: recovery rate in Latvia peaked at 49.1 cents on the dollar in 2016 and was at its lowest, 29 cents on the dollar, in 2008.
Latvia ranks 65th of 191 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Resolving insolvency: Recovery rate in Latvia, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2003 | 35.7 cents on the dollar | — |
| 2004 | 35.9 cents on the dollar | +0.6% |
| 2005 | 33.9 cents on the dollar | -5.6% |
| 2006 | 34.8 cents on the dollar | +2.7% |
| 2007 | 34.6 cents on the dollar | -0.6% |
| 2008 | 29 cents on the dollar | -16.2% |
| 2009 | 29 cents on the dollar | +0.0% |
| 2010 | 31.9 cents on the dollar | +10.0% |
| 2011 | 46.4 cents on the dollar | +45.5% |
| 2012 | 47.8 cents on the dollar | +3.0% |
| 2013 | 48.4 cents on the dollar | +1.3% |
| 2014 | 48.2 cents on the dollar | -0.4% |
| 2015 | 48.1 cents on the dollar | -0.2% |
| 2016 | 49.1 cents on the dollar | +2.1% |
| 2017 | 40.1 cents on the dollar | -18.3% |
| 2018 | 41.1 cents on the dollar | +2.5% |
| 2019 | 41.4 cents on the dollar | +0.7% |
Latvia compared with similar countries
- Latvia's 41.4 cents on the dollar is below the median for high income countries, which is 55.55 cents on the dollar, 75% of the median. (62 countries reporting)
- Latvia's 41.4 cents on the dollar is below the median for Europe & Central Asia, which is 44.6 cents on the dollar, 93% of the median. (49 countries reporting)
Biggest year-on-year movements
Years where Resolving insolvency: Recovery rate in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +45.5% | 31.9 cents on the dollar | 46.4 cents on the dollar |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.27 cents on the dollar | 29 cents on the dollar | 35.9 cents on the dollar | 7 |
| 2010s | 44.25 cents on the dollar | 31.9 cents on the dollar | 49.1 cents on the dollar | 10 |
Countries ranked near Latvia
More reference data data for Latvia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.128 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0503 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4657 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0673 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4657 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4291 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2986 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2679 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 2.27 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3666 (2050)
Frequently asked questions
- What is resolving insolvency: recovery rate in Latvia?
- Resolving insolvency: recovery rate in Latvia was 41.4 cents on the dollar in 2019, according to the World Bank.
- What is the highest resolving insolvency: recovery rate recorded in Latvia?
- The highest recorded value was 49.1 cents on the dollar in 2016.
- What is the lowest resolving insolvency: recovery rate recorded in Latvia?
- The lowest recorded value was 29 cents on the dollar in 2008.
- How does Latvia rank for resolving insolvency: recovery rate?
- Latvia ranks 65th out of 191 countries with data for 2019.
- Is resolving insolvency: recovery rate rising or falling in Latvia?
- Over the last ten years it is up 42.8%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from the World Bank, published as part of Resolving insolvency: Recovery rate (cents on the dollar). 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
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.