Resolving insolvency: Time (years) by country
Countries reporting
165
Highest
6 years
Cambodia
Lowest
0.4 years
Ireland
Median
2.2 years
Years covered
17
2003–2019
Data points
2,736
What the numbers show
Resolving insolvency: Time (years) is currently reported for 165 countries. The highest value is 6 years in Cambodia; the lowest is 0.4 years in Ireland.
The median across all reporting countries is 2.2 years, and the mean is 2.48 years.
The gap between the highest and lowest reporting country is a factor of about 15.
Over the past decade 5 countries rose and 30 fell. The largest increase was in Morocco (up 94.4%), and the largest decrease in Belarus (down 74.1%).
Resolving insolvency: Time: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Cambodia | 6 years | 2019 | unchanged | flat |
| 2 | Ecuador | 5.3 years | 2019 | unchanged | flat |
| 2 | Micronesia (country) | 5.3 years | 2019 | unchanged | flat |
| 4 | Burundi | 5 years | 2019 | unchanged | flat |
| 4 | Gabon | 5 years | 2019 | unchanged | flat |
| 4 | Myanmar | 5 years | 2019 | unchanged | flat |
| 4 | Niger | 5 years | 2019 | unchanged | flat |
| 4 | Suriname | 5 years | 2019 | unchanged | flat |
| 4 | Turkey | 5 years | 2019 | up 51.5% | rising |
| 4 | Vietnam | 5 years | 2019 | unchanged | flat |
| 11 | Central African Republic | 4.8 years | 2019 | unchanged | flat |
| 12 | Kenya | 4.5 years | 2019 | unchanged | flat |
| 13 | Kuwait | 4.2 years | 2019 | unchanged | flat |
| 14 | Syria | 4.1 years | 2019 | unchanged | flat |
| 15 | Benin | 4 years | 2019 | unchanged | flat |
| 15 | Burkina Faso | 4 years | 2019 | unchanged | flat |
| 15 | Bangladesh | 4 years | 2019 | unchanged | flat |
| 15 | Brazil | 4 years | 2019 | unchanged | falling |
| 15 | Dominica | 4 years | 2019 | unchanged | flat |
| 15 | Mongolia | 4 years | 2019 | unchanged | flat |
| 15 | Slovakia | 4 years | 2019 | unchanged | falling |
| 15 | Chad | 4 years | 2019 | unchanged | flat |
| 15 | Venezuela | 4 years | 2019 | unchanged | flat |
| 24 | Paraguay | 3.9 years | 2019 | unchanged | flat |
| 25 | Guinea | 3.8 years | 2019 | unchanged | flat |
| 25 | Honduras | 3.8 years | 2019 | unchanged | flat |
| 27 | Mali | 3.6 years | 2019 | unchanged | flat |
| 28 | Dominican Republic | 3.5 years | 2019 | unchanged | flat |
| 28 | Greece | 3.5 years | 2019 | up 75.0% | rising |
| 28 | Morocco | 3.5 years | 2019 | up 94.4% | rising |
| 28 | El Salvador | 3.5 years | 2019 | down 12.5% | falling |
| 32 | Bulgaria | 3.3 years | 2019 | unchanged | flat |
| 32 | Bosnia and Herzegovina | 3.3 years | 2019 | unchanged | flat |
| 32 | Congo | 3.3 years | 2019 | unchanged | flat |
| 32 | Romania | 3.3 years | 2019 | unchanged | falling |
| 32 | Zimbabwe | 3.3 years | 2019 | unchanged | flat |
| 37 | United Arab Emirates | 3.2 years | 2019 | unchanged | flat |
| 38 | Croatia | 3.1 years | 2019 | unchanged | flat |
| 38 | Peru | 3.1 years | 2019 | unchanged | flat |
| 40 | Antigua and Barbuda | 3 years | 2019 | unchanged | flat |
| 40 | Bahamas | 3 years | 2019 | unchanged | flat |
| 40 | Switzerland | 3 years | 2019 | unchanged | flat |
| 40 | Costa Rica | 3 years | 2019 | down 14.3% | falling |
| 40 | Estonia | 3 years | 2019 | unchanged | flat |
| 40 | Ethiopia | 3 years | 2019 | unchanged | flat |
| 40 | Guatemala | 3 years | 2019 | unchanged | flat |
| 40 | Guyana | 3 years | 2019 | unchanged | flat |
| 40 | Jordan | 3 years | 2019 | unchanged | flat |
| 40 | Lebanon | 3 years | 2019 | unchanged | flat |
| 40 | Liberia | 3 years | 2019 | unchanged | flat |
| 40 | Madagascar | 3 years | 2019 | unchanged | flat |
| 40 | Malta | 3 years | 2019 | unchanged | flat |
| 40 | Oman | 3 years | 2019 | unchanged | flat |
| 40 | Papua New Guinea | 3 years | 2019 | unchanged | flat |
| 40 | Poland | 3 years | 2019 | unchanged | flat |
| 40 | Portugal | 3 years | 2019 | up 50.0% | rising |
| 40 | Senegal | 3 years | 2019 | unchanged | flat |
| 40 | Togo | 3 years | 2019 | unchanged | flat |
| 40 | Tanzania | 3 years | 2019 | unchanged | flat |
| 40 | Yemen | 3 years | 2019 | unchanged | flat |
| 61 | Ukraine | 2.9 years | 2019 | unchanged | flat |
| 62 | Cameroon | 2.8 years | 2019 | down 12.5% | falling |
| 62 | Moldova | 2.8 years | 2019 | unchanged | flat |
| 62 | Qatar | 2.8 years | 2019 | unchanged | flat |
| 65 | Philippines | 2.7 years | 2019 | down 52.6% | falling |
| 65 | Tonga | 2.7 years | 2019 | unchanged | flat |
| 67 | Lesotho | 2.6 years | 2019 | unchanged | flat |
| 67 | Malawi | 2.6 years | 2019 | unchanged | flat |
| 67 | Pakistan | 2.6 years | 2019 | down 7.1% | falling |
| 67 | Vanuatu | 2.6 years | 2019 | unchanged | flat |
| 71 | Bahrain | 2.5 years | 2019 | unchanged | flat |
| 71 | Brunei | 2.5 years | 2019 | unchanged | flat |
| 71 | Egypt | 2.5 years | 2019 | down 40.5% | falling |
| 71 | Namibia | 2.5 years | 2019 | unchanged | flat |
| 71 | Panama | 2.5 years | 2019 | unchanged | flat |
| 71 | Puerto Rico | 2.5 years | 2019 | unchanged | falling |
| 71 | Rwanda | 2.5 years | 2019 | down 16.7% | falling |
| 71 | Trinidad and Tobago | 2.5 years | 2019 | unchanged | flat |
| 79 | Argentina | 2.4 years | 2019 | unchanged | flat |
| 80 | Lithuania | 2.3 years | 2019 | up 53.3% | rising |
| 80 | Sierra Leone | 2.3 years | 2019 | down 11.5% | falling |
| 80 | San Marino | 2.3 years | 2019 | unchanged | flat |
| 83 | Cote d'Ivoire | 2.2 years | 2019 | unchanged | flat |
| 83 | Nicaragua | 2.2 years | 2019 | unchanged | flat |
| 83 | Uganda | 2.2 years | 2019 | unchanged | flat |
| 86 | Czechia | 2.1 years | 2019 | down 67.7% | volatile |
| 87 | Afghanistan | 2 years | 2019 | unchanged | flat |
| 87 | Albania | 2 years | 2019 | unchanged | flat |
| 87 | Belize | 2 years | 2019 | unchanged | flat |
| 87 | Chile | 2 years | 2019 | down 37.5% | falling |
| 87 | Georgia | 2 years | 2019 | down 39.4% | falling |
| 87 | Gambia | 2 years | 2019 | unchanged | flat |
| 87 | Hungary | 2 years | 2019 | unchanged | flat |
| 87 | Israel | 2 years | 2019 | down 33.3% | falling |
| 87 | Saint Lucia | 2 years | 2019 | unchanged | flat |
| 87 | Luxembourg | 2 years | 2019 | unchanged | flat |
| 87 | Marshall Islands | 2 years | 2019 | unchanged | flat |
| 87 | Nigeria | 2 years | 2019 | unchanged | flat |
| 87 | Nepal | 2 years | 2019 | unchanged | flat |
| 87 | Palau | 2 years | 2019 | unchanged | rising |
| 87 | Russia | 2 years | 2019 | unchanged | flat |
| 87 | Sudan | 2 years | 2019 | unchanged | flat |
| 87 | Serbia | 2 years | 2019 | down 25.9% | falling |
| 87 | Sweden | 2 years | 2019 | unchanged | flat |
| 87 | Eswatini | 2 years | 2019 | unchanged | flat |
| 87 | Seychelles | 2 years | 2019 | unchanged | flat |
| 87 | Uzbekistan | 2 years | 2019 | down 50.0% | falling |
| 87 | Samoa | 2 years | 2019 | unchanged | flat |
| 87 | South Africa | 2 years | 2019 | unchanged | flat |
| 110 | Armenia | 1.9 years | 2019 | unchanged | flat |
| 110 | France | 1.9 years | 2019 | unchanged | flat |
| 110 | Ghana | 1.9 years | 2019 | unchanged | flat |
| 110 | Taiwan | 1.9 years | 2019 | unchanged | flat |
| 114 | Bolivia | 1.8 years | 2019 | unchanged | flat |
| 114 | Barbados | 1.8 years | 2019 | unchanged | flat |
| 114 | Fiji | 1.8 years | 2019 | unchanged | flat |
| 114 | Italy | 1.8 years | 2019 | unchanged | flat |
| 114 | Mexico | 1.8 years | 2019 | unchanged | flat |
| 114 | Uruguay | 1.8 years | 2019 | down 14.3% | falling |
| 120 | Botswana | 1.7 years | 2019 | unchanged | falling |
| 120 | China | 1.7 years | 2019 | unchanged | falling |
| 120 | Colombia | 1.7 years | 2019 | down 43.3% | falling |
| 120 | Sri Lanka | 1.7 years | 2019 | unchanged | flat |
| 120 | Mauritius | 1.7 years | 2019 | unchanged | flat |
| 120 | Tajikistan | 1.7 years | 2019 | unchanged | flat |
| 126 | India | 1.6 years | 2019 | down 62.8% | falling |
| 127 | Azerbaijan | 1.5 years | 2019 | unchanged | flat |
| 127 | Belarus | 1.5 years | 2019 | down 74.1% | falling |
| 127 | Cyprus | 1.5 years | 2019 | unchanged | flat |
| 127 | Spain | 1.5 years | 2019 | unchanged | flat |
| 127 | Iran | 1.5 years | 2019 | unchanged | flat |
| 127 | Kazakhstan | 1.5 years | 2019 | unchanged | flat |
| 127 | Kyrgyzstan | 1.5 years | 2019 | unchanged | flat |
| 127 | South Korea | 1.5 years | 2019 | unchanged | flat |
| 127 | Latvia | 1.5 years | 2019 | down 50.0% | falling |
| 127 | Maldives | 1.5 years | 2019 | unchanged | flat |
| 127 | North Macedonia | 1.5 years | 2019 | down 25.0% | falling |
| 127 | Mozambique | 1.5 years | 2019 | down 34.8% | falling |
| 127 | Thailand | 1.5 years | 2019 | down 44.4% | falling |
| 140 | Montenegro | 1.4 years | 2019 | down 30.0% | falling |
| 141 | Algeria | 1.3 years | 2019 | unchanged | flat |
| 141 | New Zealand | 1.3 years | 2019 | unchanged | flat |
| 141 | Tunisia | 1.3 years | 2019 | unchanged | flat |
| 144 | Germany | 1.2 years | 2019 | unchanged | flat |
| 145 | Austria | 1.1 years | 2019 | unchanged | flat |
| 145 | Indonesia | 1.1 years | 2019 | down 45.0% | volatile |
| 145 | Jamaica | 1.1 years | 2019 | unchanged | flat |
| 145 | Netherlands | 1.1 years | 2019 | unchanged | flat |
| 149 | Australia | 1 years | 2019 | unchanged | flat |
| 149 | Denmark | 1 years | 2019 | down 9.1% | volatile |
| 149 | United Kingdom | 1 years | 2019 | unchanged | flat |
| 149 | Iceland | 1 years | 2019 | unchanged | flat |
| 149 | Malaysia | 1 years | 2019 | down 56.5% | falling |
| 149 | Solomon Islands | 1 years | 2019 | unchanged | flat |
| 149 | United States | 1 years | 2019 | down 33.3% | falling |
| 149 | Zambia | 1 years | 2019 | down 63.0% | falling |
| 157 | Belgium | 0.9 years | 2019 | unchanged | flat |
| 157 | Finland | 0.9 years | 2019 | unchanged | flat |
| 157 | Norway | 0.9 years | 2019 | unchanged | flat |
| 160 | Canada | 0.8 years | 2019 | unchanged | flat |
| 160 | Hong Kong | 0.8 years | 2019 | down 27.3% | falling |
| 160 | Singapore | 0.8 years | 2019 | unchanged | flat |
| 160 | Slovenia | 0.8 years | 2019 | down 60.0% | falling |
| 164 | Japan | 0.6 years | 2019 | unchanged | flat |
| 165 | Ireland | 0.4 years | 2019 | unchanged | flat |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Kosovo 2 years