Doing Business, resolving insolvency, recovery rate

cents on the dollar, 2004–2017

Info Edit
    2004 Ranking
    1. Norway 94.40
    2. Japan 92.60
    3. Singapore 89.70
    4. Canada 89.70
    5. Finland 88.30
    6. Netherlands 87.80
    7. Ireland 87.70
    8. Belgium 86.00
    9. United Kingdom 85.60
    10. Germany 83.60
    11. Hong Kong 81.20
    12. South Korea 81.00
    13. Taiwan 81.00
    14. Sweden 81.00
    15. Australia 80.30
    16. United States 80.30
    17. New Zealand 79.00
    18. Spain 73.50
    19. Portugal 73.20
    20. Austria 73.10
    21. Jamaica 63.90
    22. Denmark 63.10
    23. Mexico 62.40
    24. Puerto Rico 61.40
    25. Colombia 52.40
    26. Tunisia 51.00
    27. Botswana 50.90
    28. Algeria 50.80
    29. Maldives 48.10
    30. Switzerland 45.50
    31. France 45.50
    32. Greece 44.50
    33. Israel 44.10
    34. Nepal 44.10
    35. Sri Lanka 43.10
    36. Thailand 42.80
    37. Vanuatu 42.30
    38. Uganda 41.80
    39. Slovenia 41.60
    40. Azerbaijan 40.80
    41. Slovakia 39.80
    42. Russia 38.90
    43. Hungary 38.80
    44. Malaysia 38.30
    45. Pakistan 38.30
    46. Palau 38.20
    47. Albania 37.60
    48. Estonia 36.60
    49. Macedonia (F.Y.R.O.M.) 36.10
    50. Latvia 35.70
    51. Bolivia 35.40
    52. Italy 34.90
    53. Morocco 34.40
    54. Armenia 34.40
    55. Lithuania 34.30
    56. Kyrgyzstan 34.30
    57. Bulgaria 33.80
    58. Oman 32.90
    59. Bosnia and Herzegovina 32.70
    60. Ethiopia 32.10
    61. China 31.70
    62. Nicaragua 31.50
    63. Poland 31.40
    64. Peru 31.00
    65. Kuwait 30.70
    66. South Africa 30.70
    67. Kazakhstan 30.30
    68. Namibia 29.90
    69. Croatia 28.80
    70. Syria 28.50
    71. Moldova 27.10
    72. Jordan 26.70
    73. United Arab Emirates 26.70
    74. Tonga 26.00
    75. Lebanon 26.00
    76. Guatemala 25.90
    77. Nigeria 25.60
    78. Panama 25.50
    79. Kenya 25.40
    80. Ghana 25.20
    81. India 24.50
    82. Lesotho 24.40
    83. El Salvador 24.30
    84. Yemen 24.30
    85. Madagascar 23.70
    86. Bangladesh 23.20
    87. Solomon Islands 23.20
    88. Mozambique 22.60
    89. Guinea 22.30
    90. Tanzania 21.90
    91. Papua New Guinea 21.80
    92. Argentina 21.40
    93. Serbia 20.50
    94. Fiji 20.40
    95. Georgia 20.20
    96. Chile 19.60
    97. Vietnam 19.40
    98. Samoa 18.30
    99. Marshall Islands 17.80
    100. Honduras 17.50
    101. Zambia 17.30
    102. Costa Rica 16.90
    103. Congo (Brazzaville) 16.30
    104. Egypt 15.90
    105. Togo 15.70
    106. Iran 15.70
    107. Czech Republic 15.40
    108. Ivory Coast 14.90
    109. Mongolia 14.00
    110. Ecuador 12.50
    111. Cameroon 12.20
    112. Uruguay 11.90
    113. Turkey 11.30
    114. Uzbekistan 10.80
    115. Cambodia 10.80
    116. Malawi 10.10
    117. Indonesia 9.90
    118. Sierra Leone 9.40
    119. Zimbabwe 8.90
    120. Senegal 8.50
    121. Ukraine 8.20
    122. Paraguay 7.10
    123. Romania 6.90
    124. Mali 6.30
    125. Dominican Republic 5.90
    126. Belarus 5.50
    127. Benin 5.40
    128. Burkina Faso 4.40
    129. Philippines 4.30
    130. Venezuela 3.40
    131. Micronesia 3.30
    132. Rwanda 3.20
    133. Niger 2.60
    134. Brazil 0.20
    2017 Ranking
    1. Norway 92.90
    2. Japan 92.10
    3. Finland 90.30
    4. Belgium 89.90
    5. Netherlands 89.30
    6. Slovenia 89.20
    7. Singapore 88.70
    8. United Kingdom 88.60
    9. Denmark 88.00
    10. Ireland 87.70
    11. Canada 87.40
    12. Hong Kong 87.20
    13. Iceland 85.00
    14. South Korea 84.50
    15. Germany 84.40
    16. New Zealand 83.40
    17. Austria 82.80
    18. Australia 82.40
    19. Taiwan 81.90
    20. Malaysia 81.30
    21. United States 78.60
    22. France 78.50
    23. Spain 78.30
    24. Sweden 77.90
    25. Portugal 74.20
    26. Cyprus 72.80
    27. Puerto Rico 70.50
    28. Colombia 69.40
    29. Mexico 69.10
    30. Thailand 67.70
    31. Mauritius 67.40
    32. Czech Republic 66.50
    33. Barbados 65.80
    34. Botswana 64.80
    35. Jamaica 64.60
    36. Italy 63.90
    37. Bahamas 63.50
    38. Israel 62.60
    39. Poland 60.60
    40. Slovakia 55.60
    41. Belize 55.50
    42. Tunisia 52.00
    43. Algeria 50.80
    44. Maldives 50.00
    45. Zambia 49.40
    46. Latvia 49.10
    47. Montenegro 48.60
    48. Macedonia (F.Y.R.O.M.) 47.40
    49. San Marino 47.20
    50. Brunei 47.20
    51. Switzerland 46.60
    52. Fiji 46.40
    53. Sri Lanka 46.20
    54. Lithuania 45.00
    55. Vanuatu 44.80
    56. Luxembourg 43.70
    57. Pakistan 43.00
    58. Saint Lucia 43.00
    59. Hungary 43.00
    60. Albania 42.30
    61. Nepal 42.30
    62. Bahrain 42.30
    63. Uruguay 41.90
    64. Kazakhstan 41.40
    65. Bolivia 40.80
    66. Malta 40.70
    67. Estonia 40.30
    68. Azerbaijan 39.60
    69. Georgia 39.50
    70. Uzbekistan 39.50
    71. Ivory Coast 39.00
    72. Seychelles 38.80
    73. Kosovo 38.80
    74. Oman 38.60
    75. Russia 38.60
    76. Uganda 38.40
    77. Swaziland 38.30
    78. Bosnia and Herzegovina 37.30
    79. Djibouti 37.30
    80. China 36.90
    81. Armenia 36.20
    82. Antigua and Barbuda 36.20
    83. Tajikistan 35.90
    84. Greece 35.60
    85. South Africa 35.10
    86. Nicaragua 34.90
    87. Bulgaria 34.90
    88. Namibia 34.40
    89. Romania 34.40
    90. Kyrgyzstan 34.30
    91. Mozambique 34.10
    92. Croatia 33.70
    93. Chile 33.50
    94. Belarus 33.10
    95. Kuwait 32.90
    96. El Salvador 32.90
    97. Lebanon 32.60
    98. Serbia 32.50
    99. Sudan 31.70
    100. Indonesia 31.20
    101. Togo 30.80
    102. Palau 30.40
    103. Qatar 30.40
    104. Peru 30.00
    105. Ethiopia 29.20
    106. United Arab Emirates 29.00
    107. Dominica 28.70
    108. Lesotho 28.60
    109. Kenya 28.40
    110. Morocco 28.10
    111. Moldova 28.10
    112. Tonga 28.00
    113. Guatemala 27.90
    114. Nigeria 27.80
    115. Jordan 27.40
    116. Panama 27.20
    117. Costa Rica 27.20
    118. Bangladesh 27.00
    119. Egypt 27.00
    120. Trinidad and Tobago 26.70
    121. Gambia 26.60
    122. Afghanistan 26.50
    123. India 26.00
    124. Papua New Guinea 24.90
    125. Mali 24.80
    126. Solomon Islands 24.40
    127. Ghana 23.70
    128. Senegal 23.40
    129. Niger 22.70
    130. Argentina 22.60
    131. Vietnam 21.60
    132. Philippines 21.30
    133. Tanzania 21.10
    134. Burkina Faso 20.70
    135. Paraguay 20.50
    136. Yemen 20.50
    137. Guinea 19.90
    138. Benin 19.70
    139. Rwanda 19.20
    140. Turkey 18.50
    141. Guyana 18.40
    142. Samoa 18.40
    143. Honduras 18.20
    144. Zimbabwe 18.00
    145. Iran 17.90
    146. Congo (Brazzaville) 17.90
    147. Ecuador 17.70
    148. Mongolia 17.10
    149. Marshall Islands 17.10
    150. Brazil 15.80
    151. Cameroon 15.80
    152. Gabon 15.00
    153. Burma (Myanmar) 14.70
    154. Cambodia 13.90
    155. Syria 12.70
    156. Malawi 12.30
    157. Madagascar 11.40
    158. Sierra Leone 10.90
    159. Saint Thomas and Principe 9.70
    160. Dominican Republic 8.90
    161. Liberia 8.50
    162. Suriname 8.30
    163. Ukraine 7.50
    164. Burundi 7.40
    165. Venezuela 5.90
    166. Micronesia 3.20

    The recovery rate is recorded as cents on the dollar recouped by creditors through reorganization, liquidation or debt enforcement (foreclosure) proceedings. The calculation takes into account the outcome: whether the business emerges from the proceedings as a going concern or the assets are sold piecemeal. Then the costs of the proceedings are deducted (1 cent for each percentage point of the value of the debtor’s estate). Finally, the value lost as a result of the time the money remains tied up in insolvency proceedings is taken into account, including the loss of value due to depreciation of the hotel furniture.

    Source: World Bank