Resolving insolvency - Score by country
The score for resolving insolvency is the simple average of the scores for each of the component indicators: the recovery rate of insolvency proceedings involving domestic entities, as well as the strength of the legal framework applicable to judicial liquidation and reorganization proceedings.
What the numbers show
Resolving insolvency - Score is currently reported for 168 countries. The highest value is 92.69 in Finland; the lowest is 9.19 in Marshall Islands.
The median across all reporting countries is 48.32, and the mean is 51.7.
The gap between the highest and lowest reporting country is a factor of about 10.
Over the past decade 137 countries rose and 28 fell. The largest increase was in Kosovo (up 246.6%), and the largest decrease in Syria (down 14.5%).
Resolving insolvency - Score: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Finland | 92.69 | 2019 | up 0.4% | flat |
| 2 | United States | 90.48 | 2019 | up 2.7% | flat |
| 3 | Japan | 90.22 | 2019 | down 0.2% | flat |
| 4 | Germany | 89.81 | 2019 | down 0.4% | flat |
| 5 | Norway | 85.39 | 2019 | up 1.8% | flat |
| 6 | Denmark | 85.14 | 2019 | up 9.4% | rising |
| 7 | Netherlands | 84.42 | 2019 | up 4.6% | flat |
| 8 | Slovenia | 84.4 | 2019 | up 39.7% | rising |
| 9 | Belgium | 84.07 | 2019 | up 10.4% | rising |
| 10 | Puerto Rico | 83.32 | 2019 | up 1.1% | rising |
| 11 | South Korea | 82.88 | 2019 | up 2.5% | flat |
| 12 | Iceland | 81.98 | 2019 | up 8.4% | rising |
| 13 | Canada | 81.03 | 2019 | up 2.6% | flat |
| 14 | United Kingdom | 80.32 | 2019 | up 0.8% | flat |
| 15 | Portugal | 80.17 | 2019 | down 3.0% | rising |
| 16 | Czechia | 80.08 | 2019 | up 54.4% | rising |
| 17 | Sweden | 79.51 | 2019 | up 2.0% | flat |
| 18 | Spain | 79.22 | 2019 | up 7.2% | rising |
| 19 | Ireland | 79.15 | 2019 | down 0.3% | flat |
| 20 | Australia | 78.86 | 2019 | up 7.0% | rising |
| 21 | Italy | 77.48 | 2019 | up 14.0% | rising |
| 22 | Austria | 77.39 | 2019 | up 6.2% | rising |
| 23 | Taiwan | 77.06 | 2019 | up 0.9% | flat |
| 24 | Thailand | 76.79 | 2019 | up 30.6% | rising |
| 25 | Poland | 76.53 | 2019 | up 33.3% | rising |
| 26 | France | 74.62 | 2019 | up 31.4% | rising |
| 27 | Singapore | 74.32 | 2019 | down 0.7% | flat |
| 28 | Mauritius | 73.75 | 2019 | up 18.2% | rising |
| 29 | Israel | 72.74 | 2019 | up 37.5% | rising |
| 30 | North Macedonia | 72.73 | 2019 | up 10.2% | rising |
| 31 | Cyprus | 72.52 | 2019 | up 43.4% | rising |
| 32 | Colombia | 71.37 | 2019 | up 23.1% | rising |
| 33 | Mexico | 70.35 | 2019 | up 15.1% | rising |
| 34 | Jamaica | 70.11 | 2019 | up 31.1% | rising |
| 35 | Barbados | 69.76 | 2019 | up 0.5% | flat |
| 36 | New Zealand | 69.48 | 2019 | up 2.9% | rising |
| 37 | Bosnia and Herzegovina | 68.22 | 2019 | up 3.0% | flat |
| 38 | Indonesia | 68.07 | 2019 | up 39.5% | rising |
| 39 | Albania | 67.73 | 2019 | up 4.9% | rising |
| 40 | Malaysia | 67.04 | 2019 | up 69.7% | rising |
| 41 | Serbia | 67 | 2019 | up 27.0% | rising |
| 42 | Kazakhstan | 66.73 | 2019 | up 29.4% | rising |
| 43 | Montenegro | 66.15 | 2019 | up 11.3% | rising |
| 44 | Djibouti | 65.86 | 2019 | up 56.3% | rising |
| 45 | Hong Kong | 65.67 | 2019 | up 6.5% | rising |
| 46 | Slovakia | 65.45 | 2019 | up 0.2% | rising |
| 47 | Azerbaijan | 63.54 | 2019 | up 54.8% | rising |
| 48 | Kosovo | 63.48 | 2019 | up 246.6% | volatile |
| 48 | Kosovo (UNSCR 1244) | 63.48 | 2019 | up 246.6% | volatile |
| 50 | Switzerland | 62.65 | 2019 | up 6.1% | rising |
| 51 | Kenya | 62.41 | 2019 | up 91.2% | rising |
| 52 | China | 62.07 | 2019 | up 13.0% | rising |
| 53 | India | 61.95 | 2019 | up 99.2% | rising |
| 54 | Chile | 60.06 | 2019 | up 28.3% | rising |
| 55 | Estonia | 60.06 | 2019 | down 1.2% | rising |
| 56 | Latvia | 59.79 | 2019 | up 41.8% | rising |
| 57 | Romania | 59.13 | 2019 | up 5.7% | rising |
| 58 | Russia | 59.1 | 2019 | up 1.3% | flat |
| 59 | Pakistan | 58.99 | 2019 | up 37.0% | rising |
| 60 | Brunei | 58.23 | 2019 | up 53.6% | rising |
| 61 | Bahrain | 58.18 | 2019 | up 35.9% | rising |
| 62 | Bulgaria | 57.81 | 2019 | up 12.0% | rising |
| 63 | Rwanda | 57.25 | 2019 | up 73.6% | rising |
| 64 | Croatia | 56.46 | 2019 | up 4.7% | flat |
| 65 | Georgia | 56.17 | 2019 | up 66.3% | rising |
| 66 | Philippines | 55.08 | 2019 | up 56.6% | rising |
| 67 | Hungary | 55.03 | 2019 | up 6.0% | rising |
| 68 | Moldova | 54.78 | 2019 | up 3.6% | flat |
| 69 | South Africa | 54.59 | 2019 | up 24.3% | rising |
| 70 | Tunisia | 54.19 | 2019 | down 0.9% | flat |
| 71 | Uruguay | 53.56 | 2019 | up 1.4% | rising |
| 72 | Bahamas | 53.43 | 2019 | up 16.2% | rising |
| 73 | Greece | 53.13 | 2019 | down 3.4% | rising |
| 74 | Morocco | 52.95 | 2019 | up 40.7% | rising |
| 75 | Belarus | 52.86 | 2019 | up 35.5% | rising |
| 76 | Seychelles | 52.16 | 2019 | up 41.0% | rising |
| 77 | Afghanistan | 51.87 | 2019 | up 131.0% | volatile |
| 78 | Brazil | 50.41 | 2019 | up 1.1% | rising |
| 79 | Kyrgyzstan | 49.96 | 2019 | up 27.8% | rising |
| 80 | Zambia | 49.33 | 2019 | up 54.8% | rising |
| 81 | United Arab Emirates | 49.26 | 2019 | up 24.9% | rising |
| 82 | Algeria | 49.24 | 2019 | unchanged | flat |
| 83 | Cambodia | 48.51 | 2019 | up 4.2% | volatile |
| 84 | Trinidad and Tobago | 48.45 | 2019 | up 51.4% | rising |
| 85 | Botswana | 48.2 | 2019 | up 10.9% | rising |
| 86 | Cote d'Ivoire | 47.94 | 2019 | up 3.3% | rising |
| 87 | Mozambique | 47.82 | 2019 | up 47.8% | rising |
| 88 | Nepal | 47.2 | 2019 | down 2.8% | rising |
| 89 | Togo | 46.99 | 2019 | up 10.7% | rising |
| 90 | Lithuania | 46.69 | 2019 | down 9.5% | falling |
| 91 | Peru | 46.56 | 2019 | up 7.3% | flat |
| 92 | Belize | 46.14 | 2019 | up 6.3% | rising |
| 93 | El Salvador | 45.58 | 2019 | up 2.0% | rising |
| 94 | Luxembourg | 45.48 | 2019 | up 2.6% | flat |
| 95 | Sri Lanka | 45.03 | 2019 | up 4.2% | rising |
| 96 | Armenia | 44.55 | 2019 | up 3.3% | rising |
| 97 | Senegal | 44.26 | 2019 | up 9.3% | rising |
| 98 | Oman | 43.98 | 2019 | up 2.8% | rising |
| 99 | Fiji | 43.78 | 2019 | up 2.7% | rising |
| 100 | Uganda | 43.57 | 2019 | up 25.9% | rising |
| 101 | Uzbekistan | 43.53 | 2019 | up 24.2% | rising |
| 102 | Vanuatu | 43.41 | 2019 | up 14.8% | rising |
| 103 | Mali | 43.37 | 2019 | up 10.2% | rising |
| 104 | Bolivia | 42.29 | 2019 | up 4.7% | rising |
| 105 | Egypt | 42.24 | 2019 | up 24.0% | rising |
| 106 | Paraguay | 42.07 | 2019 | up 3.1% | rising |
| 107 | San Marino | 41.09 | 2019 | up 4.1% | flat |
| 108 | Nicaragua | 41.09 | 2019 | up 1.9% | flat |
| 109 | Benin | 40.99 | 2019 | up 10.5% | rising |
| 110 | Burkina Faso | 40.82 | 2019 | up 12.2% | rising |
| 111 | Liberia | 40.62 | 2019 | up 237.4% | volatile |
| 112 | Argentina | 40.03 | 2019 | down 11.9% | falling |
| 113 | Jordan | 39.69 | 2019 | up 31.2% | rising |
| 114 | Panama | 39.53 | 2019 | up 31.9% | rising |
| 115 | Niger | 39.35 | 2019 | up 10.3% | rising |
| 116 | Kuwait | 39.2 | 2019 | up 6.0% | flat |
| 117 | Tanzania | 39.1 | 2019 | up 17.2% | rising |
| 118 | Eswatini | 38.87 | 2019 | up 24.2% | rising |
| 119 | Guinea | 38.59 | 2019 | down 2.1% | flat |
| 120 | Congo | 38.55 | 2019 | up 2.3% | flat |
| 121 | Turkey | 38.46 | 2019 | up 7.3% | rising |
| 122 | Malta | 38.31 | 2019 | up 0.1% | flat |
| 123 | Vietnam | 38.05 | 2019 | up 14.9% | rising |
| 124 | Qatar | 38 | 2019 | up 2.7% | flat |
| 125 | Dominican Republic | 37.97 | 2019 | up 61.4% | rising |
| 126 | Micronesia (country) | 37.79 | 2019 | up 0.0% | rising |
| 127 | Lesotho | 36.99 | 2019 | up 58.5% | rising |
| 128 | Namibia | 36.93 | 2019 | up 4.1% | rising |
| 129 | Gambia | 36.82 | 2019 | down 0.2% | flat |
| 130 | Cameroon | 36.63 | 2019 | up 3.8% | rising |
| 131 | Gabon | 35.94 | 2019 | down 1.0% | flat |
| 132 | Saint Lucia | 35.92 | 2019 | up 1.0% | flat |
| 133 | Antigua and Barbuda | 35.59 | 2019 | up 2.5% | flat |
| 134 | Iran | 35.07 | 2019 | down 5.7% | flat |
| 135 | Malawi | 34.94 | 2019 | up 39.4% | rising |
| 136 | Madagascar | 34.8 | 2019 | down 4.2% | falling |
| 137 | Dominica | 34.68 | 2019 | up 2.3% | flat |
| 138 | Costa Rica | 34.64 | 2019 | up 6.8% | rising |
| 139 | Tonga | 33.93 | 2019 | up 4.5% | flat |
| 140 | Suriname | 33.83 | 2019 | down 0.7% | flat |
| 141 | Samoa | 33.41 | 2019 | up 2.0% | rising |
| 142 | Maldives | 33.29 | 2019 | up 2.6% | flat |
| 143 | Zimbabwe | 32.88 | 2019 | up 110.1% | rising |
| 144 | Honduras | 32.57 | 2019 | down 1.5% | flat |
| 145 | Papua New Guinea | 32.16 | 2019 | up 0.3% | flat |
| 146 | Solomon Islands | 31.87 | 2019 | up 26.4% | rising |
| 147 | Ukraine | 31.4 | 2019 | up 21.7% | rising |
| 148 | Burundi | 30.61 | 2019 | up 1.2% | rising |
| 149 | Nigeria | 30.59 | 2019 | down 0.3% | flat |
| 150 | Ethiopia | 30.34 | 2019 | down 7.9% | falling |
| 151 | Mongolia | 30.12 | 2019 | down 0.3% | rising |
| 152 | Lebanon | 29.08 | 2019 | up 1.6% | rising |
| 153 | Sudan | 28.78 | 2019 | up 8.1% | rising |
| 154 | Tajikistan | 28.43 | 2019 | down 13.6% | falling |
| 155 | Bangladesh | 28.14 | 2019 | up 12.6% | rising |
| 156 | Central African Republic | 28.12 | 2019 | unchanged | flat |
| 156 | Chad | 28.12 | 2019 | unchanged | flat |
| 158 | Guatemala | 27.64 | 2019 | down 0.1% | flat |
| 159 | Syria | 27 | 2019 | down 14.5% | falling |
| 160 | Yemen | 26.92 | 2019 | down 6.3% | falling |
| 161 | Ecuador | 25.46 | 2019 | up 11.9% | rising |
| 162 | Ghana | 25.41 | 2019 | down 0.1% | flat |
| 163 | Sierra Leone | 24.73 | 2019 | up 6.1% | rising |
| 164 | Guyana | 22.38 | 2019 | up 2.0% | flat |
| 165 | Myanmar | 20.39 | 2019 | up 5.5% | flat |
| 166 | Venezuela | 18.5 | 2019 | down 1.7% | flat |
| 167 | Palau | 16.38 | 2019 | up 0.3% | falling |
| 168 | Marshall Islands | 9.19 | 2019 | down 4.4% | falling |
About this data
The score for resolving insolvency is the simple average of the scores for each of the component indicators: the recovery rate of insolvency proceedings involving domestic entities, as well as the strength of the legal framework applicable to judicial liquidation and reorganization proceedings.