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Resolving insolvency: Time in Turkey

Turkey: Resolving insolvency: Time was 5 years in 2019. ▲ Rising

Latest (2019)
5 years
Change on year
unchanged
World rank
4th
of 165 countries
All-time high
5 years
in 2017
All-time low
3.3 years
in 2003
Years of data
17
2003–2019

Resolving insolvency: Time in Turkey, 2003–2019

0123452003201120192003: 3.3 years2004: 3.3 years2005: 3.3 years2006: 3.3 years2007: 3.3 years2008: 3.3 years2009: 3.3 years2010: 3.3 years2011: 3.3 years2012: 3.3 years2013: 3.3 years2014: 3.3 years2015: 4.5 years2016: 4.5 years2017: 5 years2018: 5 years2019: 5 years

Source: World Bank. Measured in years.

Analysis

Turkey recorded 5 years for resolving insolvency: time in 2019. That is the highest value across all 17 years on record.

The figure is up 51.5% over ten years.

Over the whole period, resolving insolvency: time in Turkey peaked at 5 years in 2017 and was at its lowest, 3.3 years, in 2003.

Turkey ranks 4th of 165 countries on this measure, in the top 10%.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 3.3 years 3.3 years 3.3 years 7
2010s 4.05 years 3.3 years 5 years 10

Countries ranked near Turkey

  1. 1 Cambodia 6 years compare
  2. 2 Ecuador 5.3 years compare
  3. 2 Micronesia (country) 5.3 years compare
  4. 4 Burundi 5 years compare
  5. 4 Gabon 5 years compare
  6. 4 Myanmar 5 years compare
  7. 4 Niger 5 years compare
  8. 4 Suriname 5 years compare
  9. 4 Vietnam 5 years compare

See the full ranking of 167 places →

More reference data data for Turkey

All data for Turkey →

Frequently asked questions

What is resolving insolvency: time in Turkey?
Resolving insolvency: time in Turkey was 5 years in 2019, according to the World Bank.
What is the highest resolving insolvency: time recorded in Turkey?
The highest recorded value was 5 years in 2017.
What is the lowest resolving insolvency: time recorded in Turkey?
The lowest recorded value was 3.3 years in 2003.
How does Turkey rank for resolving insolvency: time?
Turkey ranks 4th out of 165 countries with data for 2019.
Is resolving insolvency: time rising or falling in Turkey?
Over the last ten years it is up 51.5%. The long-run trend across the full record is rising.
Where does this Turkey 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