Resolving insolvency: Time in Philippines

Philippines: Resolving insolvency: Time was 2.7 years in 2019. ▼ Falling

Latest (2019)
2.7 years
Change on year
unchanged
World rank
65th
of 168 countries
All-time high
5.7 years
in 2003
All-time low
2.7 years
in 2013
Years of data
17
2003–2019

Resolving insolvency: Time in Philippines, 2003–2019

02462003201120192003: 5.7 years2004: 5.7 years2005: 5.7 years2006: 5.7 years2007: 5.7 years2008: 5.7 years2009: 5.7 years2010: 5.7 years2011: 5.7 years2012: 5.7 years2013: 2.7 years2014: 2.7 years2015: 2.7 years2016: 2.7 years2017: 2.7 years2018: 2.7 years2019: 2.7 years

Source: World Bank. Measured in years.

Analysis

In 2019, resolving insolvency: time in Philippines stood at 2.7 years. That is the lowest value across all 17 years on record.

The figure is down 52.6% over ten years.

Over the whole period, resolving insolvency: time in Philippines peaked at 5.7 years in 2003 and was at its lowest, 2.7 years, in 2013.

Philippines ranks 65th of 168 countries on this measure, in the middle of the range.

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

Resolving insolvency: Time in Philippines, year by year

Annual values for Resolving insolvency: Time (years) in Philippines, 2003 to 2019.
Year years Change
2003 5.7 years —
2004 5.7 years +0.0%
2005 5.7 years +0.0%
2006 5.7 years +0.0%
2007 5.7 years +0.0%
2008 5.7 years +0.0%
2009 5.7 years +0.0%
2010 5.7 years +0.0%
2011 5.7 years +0.0%
2012 5.7 years +0.0%
2013 2.7 years -52.6%
2014 2.7 years +0.0%
2015 2.7 years +0.0%
2016 2.7 years +0.0%
2017 2.7 years +0.0%
2018 2.7 years +0.0%
2019 2.7 years +0.0%

Philippines compared with similar countries

  • Philippines's 2.7 years is above the median for upper middle income countries, which is 2 years, 1.4× the median. (50 countries reporting)
  • Philippines's 2.7 years is above the median for East Asia & Pacific, which is 2 years, 1.4× the median. (25 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 5.7 years 5.7 years 5.7 years 7
2010s 3.6 years 2.7 years 5.7 years 10

Countries ranked near Philippines

  1. 62 Cameroon 2.8 years compare
  2. 62 Moldova 2.8 years compare
  3. 62 Qatar 2.8 years compare
  4. 65 Tonga 2.7 years compare
  5. 67 Pakistan 2.6 years compare
  6. 67 Lesotho 2.6 years compare
  7. 67 Malawi 2.6 years compare
  8. 67 Vanuatu 2.6 years compare

See the full ranking of 168 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is resolving insolvency: time in Philippines?
Resolving insolvency: time in Philippines was 2.7 years in 2019, according to the World Bank.
What is the highest resolving insolvency: time recorded in Philippines?
The highest recorded value was 5.7 years in 2003.
What is the lowest resolving insolvency: time recorded in Philippines?
The lowest recorded value was 2.7 years in 2013.
How does Philippines rank for resolving insolvency: time?
Philippines ranks 65th out of 168 countries with data for 2019.
Is resolving insolvency: time rising or falling in Philippines?
Over the last ten years it is down 52.6%. The long-run trend across the full record is falling.
Where does this Philippines 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.

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Resolving insolvency: Time in Philippines. Statizoid. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/resolving-insolvency-time-years/philippines/

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About this data

Indicator
Resolving insolvency: Time (years)
Unit
years
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
168 places, 2,747 data points, 2003–2019
Last refreshed