How Many Years Does it Take to Resolve Insolvency?

Time to Resolve Insolvency (years), 2016 or latest
Economy | February 22, 2018
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Based on a comparison of 155 countries in 2016, Cambodia ranked the highest in time to resolve insolvency with 6.00 years followed by Ecuador and Myanmar. On the other end of the scale was Ireland with 0.400 years, Japan with 0.600 years and Slovenia with 0.800 years.

Average time to resolve insolvency reached 2.55 years in 2016 in the World according to the National Statistical Office. This is 0.537 % less than in the previous year and -10.4 % less than 10 years ago.

Historically, average time to resolve insolvency reached an all time high of 2.89 years in 2003 and an all time low of 2.40 years in 2013. The average annual growth amounted to -0.950 % since 2003.

Data for more countries are available at Time to Resolve Insolvency indicator page.