How Many Years Does it Take to Resolve Insolvency?

Time to Resolve Insolvency (years), 2019
Economy | December 31, 2020
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Based on a comparison of 155 countries in 2019, Cambodia ranked the highest in time to resolve insolvency with 6.00 years followed by Ecuador and Vietnam. On the other end of the scale was Ireland with 0.400 years, Japan with 0.600 years and Hong Kong with 0.800 years.

Average time to resolve insolvency reached 2.47 years in 2019 in the World according to the National Statistical Office. This is 0.844 % less than in the previous year and -8.05 % less than 10 years ago.

Historically, average time to resolve insolvency reached an all time high of 2.77 years in 2003 and an all time low of 2.47 years in 2019. The average annual growth amounted to -0.724 % since 2003.

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

Time to Resolve Insolvency Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Benin years ... ... ... ... 4.00 4.00 4.00 4.00 4.00
Burundi years ... ... ... ... ... ... 5.00 5.00 5.00 5.00 5.00
Cambodia years ... ... ... ... 6.00 6.00 6.00 6.00 6.00
Central African Republic years ... ... ... ... 4.80 4.80 4.80 4.80 4.80
Ecuador years ... ... ... ... 5.30 5.30 5.30 5.30 5.30
Gabon years ... ... ... ... ... ... 5.00 5.00 5.00 5.00 5.00
Kenya years ... ... ... ... 4.50 4.50 4.50 4.50 4.50
Kuwait years ... ... ... ... 4.20 4.20 4.20 4.20 4.20
Mongolia years ... ... ... ... 4.00 4.00 4.00 4.00 4.00
Myanmar years ... ... ... ... ... ... ... ... ... ... ... ... ... 5.00 5.00 5.00 5.00 5.00
Niger years ... ... ... ... 5.00 5.00 5.00 5.00 5.00
Suriname years ... ... ... ... ... ... 5.00 5.00 5.00 5.00 5.00
Syria years ... ... ... ... 4.10 4.10 4.10 4.10 4.10
Turkey years ... ... ... ... 3.30 3.30 4.50 4.50 5.00
Vietnam years ... ... ... ... 5.00 5.00 5.00 5.00 5.00