Resolving insolvency: Time in Latvia

Latvia: Resolving insolvency: Time was 1.5 years in 2019. ▼ Falling

Latest (2019)
1.5 years
Change on year
unchanged
World rank
127th
of 165 countries
All-time high
3 years
in 2003
All-time low
1.5 years
in 2011
Years of data
17
2003–2019

Resolving insolvency: Time in Latvia, 2003–2019

01232003201120192003: 3 years2004: 3 years2005: 3 years2006: 3 years2007: 3 years2008: 3 years2009: 3 years2010: 3 years2011: 1.5 years2012: 1.5 years2013: 1.5 years2014: 1.5 years2015: 1.5 years2016: 1.5 years2017: 1.5 years2018: 1.5 years2019: 1.5 years

Source: World Bank. Measured in years.

Analysis

In 2019, resolving insolvency: time in Latvia stood at 1.5 years. That is the lowest value across all 17 years on record.

Compared with earlier readings it is down 50.0% over ten years.

Over the whole period, resolving insolvency: time in Latvia peaked at 3 years in 2003 and was at its lowest, 1.5 years, in 2011.

That places Latvia 127th out of 165 countries with data for 2019, putting it in the bottom quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 3 years 3 years 3 years 7
2010s 1.65 years 1.5 years 3 years 10

Countries ranked near Latvia

  1. 126 India 1.6 years compare
  2. 127 Azerbaijan 1.5 years compare
  3. 127 Belarus 1.5 years compare
  4. 127 Cyprus 1.5 years compare
  5. 127 Iran 1.5 years compare
  6. 127 Kazakhstan 1.5 years compare
  7. 127 South Korea 1.5 years compare
  8. 127 Kyrgyzstan 1.5 years compare
  9. 127 Maldives 1.5 years compare
  10. 127 Mozambique 1.5 years compare
  11. 127 North Macedonia 1.5 years compare
  12. 127 Spain 1.5 years compare
  13. 127 Thailand 1.5 years compare

See the full ranking of 167 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is resolving insolvency: time in Latvia?
Resolving insolvency: time in Latvia was 1.5 years in 2019, according to the World Bank.
What is the highest resolving insolvency: time recorded in Latvia?
The highest recorded value was 3 years in 2003.
What is the lowest resolving insolvency: time recorded in Latvia?
The lowest recorded value was 1.5 years in 2011.
How does Latvia rank for resolving insolvency: time?
Latvia ranks 127th out of 165 countries with data for 2019.
Is resolving insolvency: time rising or falling in Latvia?
Over the last ten years it is down 50.0%. The long-run trend across the full record is falling.
Where does this Latvia data come from?
The figures come from the World Bank, published as part of Resolving insolvency: Time (years). 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

Indicator
Resolving insolvency: Time (years)
Unit
years
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
167 places, 2,736 data points, 2003–2019
Last refreshed