Resolving insolvency: Recovery rate in Türkiye, Republic of

Türkiye, Republic of: Resolving insolvency: Recovery rate was 10.5 cents on the dollar in 2019. ▲ Rising

Latest (2019)
10.5 cents on the dollar
Change on year
down 28.6%
World rank
159th
of 190 countries
All-time high
27.9 cents on the dollar
in 2014
All-time low
1.9 cents on the dollar
in 2004
Years of data
17
2003–2019

Resolving insolvency: Recovery rate in Türkiye, Republic of, 2003–2019

01020302003201120192003: 11.3 cents on the dollar2004: 1.9 cents on the dollar2005: 11.3 cents on the dollar2006: 18.5 cents on the dollar2007: 20.3 cents on the dollar2008: 20.2 cents on the dollar2009: 20.2 cents on the dollar2010: 21.1 cents on the dollar2011: 22.3 cents on the dollar2012: 23.6 cents on the dollar2013: 22.3 cents on the dollar2014: 27.9 cents on the dollar2015: 18.7 cents on the dollar2016: 18.5 cents on the dollar2017: 15.3 cents on the dollar2018: 14.7 cents on the dollar2019: 10.5 cents on the dollar

Source: World Bank. Measured in cents on the dollar.

Analysis

In 2019, resolving insolvency: recovery rate in Türkiye, Republic of stood at 10.5 cents on the dollar.

That represents a change of down 28.6% on the previous year and down 48.0% over ten years.

Over the whole period, resolving insolvency: recovery rate in Türkiye, Republic of peaked at 27.9 cents on the dollar in 2014 and was at its lowest, 1.9 cents on the dollar, in 2004.

That places Türkiye, Republic of 159th out of 190 countries with data for 2019, putting it in the bottom quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 14.81 cents on the dollar 1.9 cents on the dollar 20.3 cents on the dollar 7
2010s 19.49 cents on the dollar 10.5 cents on the dollar 27.9 cents on the dollar 10

Countries ranked near Türkiye, Republic of

  1. 156 Gabon 14.5 cents on the dollar compare
  2. 157 Madagascar 12.4 cents on the dollar compare
  3. 158 Sierra Leone 11.1 cents on the dollar compare
  4. 160 Dominican Republic 9.6 cents on the dollar compare
  5. 161 Ukraine 9 cents on the dollar compare
  6. 162 Suriname 7.7 cents on the dollar compare

See the full ranking of 190 places →

More reference data data for Türkiye, Republic of

All data for Türkiye, Republic of →

Frequently asked questions

What is resolving insolvency: recovery rate in Türkiye, Republic of?
Resolving insolvency: recovery rate in Türkiye, Republic of was 10.5 cents on the dollar in 2019, according to the World Bank.
What is the highest resolving insolvency: recovery rate recorded in Türkiye, Republic of?
The highest recorded value was 27.9 cents on the dollar in 2014.
What is the lowest resolving insolvency: recovery rate recorded in Türkiye, Republic of?
The lowest recorded value was 1.9 cents on the dollar in 2004.
How does Türkiye, Republic of rank for resolving insolvency: recovery rate?
Türkiye, Republic of ranks 159th out of 190 countries with data for 2019.
Is resolving insolvency: recovery rate rising or falling in Türkiye, Republic of?
Over the last ten years it is down 48.0%. The long-run trend across the full record is rising.
Where does this Türkiye, Republic of 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.

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Resolving insolvency: Recovery rate in Türkiye, Republic of. Statizoid. Retrieved 18 August 2026, from https://reference.statizoid.com/stat/resolving-insolvency-recovery-rate-cents-on-the-dollar/turkiye/

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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.