Time To Resolve Insolvency (years)

Based on a comparison of 155 countries in 2014, Cambodia ranked the highest in Time To Resolve Insolvency (years) with 6.00 years followed by Ecuador and Suriname. 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 (years) reached 2.61 years in 2014 in the World. This is 0.091% less than in the previous year and 10.5% less than 10 years ago.

Historically, average Time To Resolve Insolvency (years) reached an all time high of 2.89 years in 2003 and an all time low of 2.61 years in 2014. The average annual growth amounted to -0.920% since 2003.

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Country Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Afghanistan years ... ... ... ...   2.00 2.00 2.00 2.00 2.00    
Albania years           2.00 2.00 2.00 2.00 2.00    
Algeria years           2.50 2.50 2.50 2.50 2.50    
Argentina years           2.80 2.80 2.80 2.80 2.80    
Armenia years           1.90 1.90 1.90 1.90 1.90    
Australia years           1.00 1.00 1.00 1.00 1.00    
Austria years           1.10 1.10 1.10 1.10 1.10    
Azerbaijan years           1.50 1.50 1.50 1.50 1.50    
Bahamas years ... ... ... ...   3.00 3.00 3.00 3.00 3.00    
Bahrain years ... ... ... ...   2.50 2.50 2.50 2.50 2.50    
Bangladesh years           4.00 4.00 4.00 4.00 4.00    
Belarus years           5.80 5.80 3.00 3.00 3.00    
Belgium years           0.900 0.900 0.900 0.900 0.900    
Belize years ... ...       2.00 2.00 2.00 2.00 2.00    
Benin years           4.00 4.00 4.00 4.00 4.00    
Bolivia years           1.80 1.80 1.80 1.80 1.80    
Bosnia and Herzegovina years           3.30 3.30 3.30 3.30 3.30    
Botswana years           1.70 1.70 1.70 1.70 1.70    
Brazil years           4.00 4.00 4.00 4.00 4.00    
Brunei years ... ... ...     2.50 2.50 2.50 2.50 2.50    
Bulgaria years           3.30 3.30 3.30 3.30 3.30    
Burkina Faso 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    
Cameroon years           3.20 3.20 3.20 3.20 3.20    
Canada years           0.800 0.800 0.800 0.800 0.800    
Central African Republic years           4.80 4.80 4.80 4.80 4.80    
Chad years           4.00 4.00 4.00 4.00 4.00    
Chile years           3.20 3.20 3.20 3.20 3.20    
China years           1.70 1.70 1.70 1.70 1.70    
Colombia years           3.00 3.00 3.00 1.70 1.70    
Congo years           3.30 3.30 3.30 3.30 3.30    
Costa Rica years           3.50 3.50 3.50 3.50 3.50    
Croatia years           3.10 3.10 3.10 3.10 3.10    
Cyprus years ... ... ... ... ... 1.50 1.50 1.50 1.50 1.50    
Czech Republic years           6.50 6.50 3.20 3.20 3.20    
Denmark years           1.10 1.10 1.10 1.00 1.00    
Djibouti years ... ...       2.30 2.30 2.30 2.30 2.30    
Dominican Republic years           3.50 3.50 3.50 3.50 3.50    
Ecuador years           5.30 5.30 5.30 5.30 5.30    
Egypt years           4.20 4.20 4.20 2.50 2.50    
El Salvador years           4.00 4.00 4.00 4.00 4.00    
Estonia years           3.00 3.00 3.00 3.00 3.00    
Ethiopia years           1.80 1.80 1.80 1.80 1.80    
European Union years           2.12 2.11 2.00 1.98 2.00    
Fiji years           1.80 1.80 1.80 1.80 1.80    
Finland years           0.900 0.900 0.900 0.900 0.900    
France years           1.90 1.90 1.90 1.90 1.90    
Gabon years ... ...       5.00 5.00 5.00 5.00 5.00    
Gambia years ... ...       2.00 2.00 2.00 2.00 2.00    
Georgia years           3.30 3.30 2.00 2.00 2.00    
Germany years           1.20 1.20 1.20 1.20 1.20    
Ghana years           1.90 1.90 1.90 1.90 1.90    
Greece years           2.00 2.00 2.00 2.00 2.50    
Guatemala years           3.00 3.00 3.00 3.00 3.00    
Guinea years           3.80 3.80 3.80 3.80 3.80    
Guyana years ...         3.00 3.00 3.00 3.00 3.00    
Honduras years           3.80 3.80 3.80 3.80 3.80    
Hong Kong years           1.10 1.10 1.10 1.10 1.10    
Hungary years           2.00 2.00 2.00 2.00 2.00    
Iceland years ...         1.00 1.00 1.00 1.00 1.00    
India years           4.30 4.30 4.30 4.30 4.30    
Indonesia years           2.00 2.00 2.00 2.00 2.00    
Iran years           4.50 4.50 4.50 4.50 4.50    
Ireland years           0.400 0.400 0.400 0.400 0.400    
Israel years           3.00 3.00 3.00 3.00 2.50    
Italy years           1.80 1.80 1.80 1.80 1.80    
Ivory Coast years           2.20 2.20 2.20 2.20 2.20    
Jamaica years           1.10 1.10 1.10 1.10 1.10    
Japan years           0.600 0.600 0.600 0.600 0.600    
Jordan years           3.00 3.00 3.00 3.00 3.00    
Kazakhstan years           1.50 1.50 1.50 1.50 1.50    
Kenya years           4.50 4.50 4.50 4.50 4.50    
Kosovo years ... ... ... ... ... ... 2.00 2.00 2.00 2.00    
Kuwait years           4.20 4.20 4.20 4.20 4.20    
Kyrgyzstan years           4.00 4.00 4.00 4.00 4.00    
Latvia years           3.00 3.00 3.00 1.50 1.50    
Lebanon years           3.00 3.00 3.00 3.00 3.00    
Lesotho years           2.60 2.60 2.60 2.60 2.60    
Liberia years ... ... ...     3.00 3.00 3.00 3.00 3.00    
Lithuania years           1.70 1.50 1.70 1.80 1.80    
Luxembourg years ... ... ...     2.00 2.00 2.00 2.00 2.00    
Macedonia years           2.00 2.00 2.00 2.00 2.00    
Madagascar years           2.00 2.00 2.00 2.00 2.00    
Malawi years           2.60 2.60 2.60 2.60 2.60    
Malaysia years           2.30 2.30 2.30 1.50 1.50    
Maldives years           1.50 1.50 1.50 1.50 1.50    
Mali years           3.60 3.60 3.60 3.60 3.60    
Malta years ... ... ... ... ... ... ... ... 3.00 3.00    
Mauritius years ...         1.70 1.70 1.70 1.70 1.70    
Mexico years           1.80 1.80 1.80 1.80 1.80    
Moldova years           2.80 2.80 2.80 2.80 2.80    
Mongolia years           4.00 4.00 4.00 4.00 4.00    
Montenegro years ... ... ...     2.00 2.00 2.00 2.00 1.40    
Morocco years           1.80 1.80 3.50 3.50 3.50    
Mozambique years           5.00 5.00 5.00 5.00 5.00    
Myanmar years ... ... ... ... ... ... ... ... ... 5.00    
Namibia years           2.50 2.50 2.50 2.50 2.50    
Nepal years           2.00 2.00 2.00 2.00 2.00    
Netherlands years           1.10 1.10 1.10 1.10 1.10    
New Zealand years           1.30 1.30 1.30 1.30 1.30    
Nicaragua years           2.20 2.20 2.20 2.20 2.20    
Niger years           5.00 5.00 5.00 5.00 5.00    
Nigeria years           2.00 2.00 2.00 2.00 2.00    
Norway years           0.900 0.900 0.900 0.900 0.900    
Oman years           4.00 4.00 4.00 4.00 4.00    
Pakistan years           2.80 2.80 2.80 2.80 2.80    
Panama years           2.50 2.50 2.50 2.50 2.50    
Papua New Guinea years           3.00 3.00 3.00 3.00 3.00    
Paraguay years           3.90 3.90 3.90 3.90 3.90    
Peru years           3.10 3.10 3.10 3.10 3.10    
Philippines years           5.70 5.70 5.70 5.70 5.70    
Poland years           3.00 3.00 3.00 3.00 3.00    
Portugal years           2.00 2.00 2.00 2.00 2.00    
Puerto Rico years           2.50 2.50 2.50 2.50 2.50    
Qatar years ... ... ... ...   2.80 2.80 2.80 2.80 2.80    
Romania years           3.30 3.30 3.30 3.30 3.30    
Russia years           2.00 2.00 2.00 2.00 2.00    
Rwanda years           3.00 3.00 3.00 3.00 3.00    
Saudi Arabia years           2.80 2.80 2.80 2.80 2.80    
Senegal years           3.00 3.00 3.00 3.00 3.00    
Serbia years           2.70 2.70 2.70 2.70 2.00    
Seychelles years ... ...       2.00 2.00 2.00 2.00 2.00    
Sierra Leone years           2.60 2.60 2.60 2.60 2.60    
Singapore years           0.800 0.800 0.800 0.800 0.800    
Slovakia years           4.00 4.00 4.00 4.00 4.00    
Slovenia years           2.00 2.00 2.00 2.00 2.00    
South Africa years           2.00 2.00 2.00 2.00 2.00    
South Korea years           1.50 1.50 1.50 1.50 1.50    
Spain years           1.50 1.50 1.50 1.50 1.50    
Sri Lanka years           1.70 1.70 1.70 1.70 1.70    
Sudan years ...         2.00 2.00 2.00 2.00 2.00    
Suriname years ... ...       5.00 5.00 5.00 5.00 5.00    
Swaziland years ... ...       2.00 2.00 2.00 2.00 2.00    
Sweden years           2.00 2.00 2.00 2.00 2.00    
Switzerland years           3.00 3.00 3.00 3.00 3.00    
Syria years           4.10 4.10 4.10 4.10 4.10    
Tajikistan years ... ...       1.70 1.70 1.70 1.70 1.70    
Tanzania years           3.00 3.00 3.00 3.00 3.00    
Thailand years           2.70 2.70 2.70 2.70 2.70    
Togo years           3.00 3.00 3.00 3.00 3.00    
Trinidad and Tobago years ... ...       2.50 2.50 2.50 2.50 2.50    
Tunisia years           1.30 1.30 1.30 1.30 1.30    
Turkey years           3.30 3.30 3.30 3.30 3.30    
Uganda years           2.20 2.20 2.20 2.20 2.20    
Ukraine years           2.90 2.90 2.90 2.90 2.90    
United Arab Emirates years           3.20 3.20 3.20 3.20 3.20    
United Kingdom years           1.00 1.00 1.00 1.00 1.00    
USA years           1.50 1.50 1.50 1.50 1.50    
Uruguay years           2.10 2.10 2.10 2.10 2.10    
Uzbekistan years           4.00 4.00 4.00 4.00 2.00    
Venezuela years           4.00 4.00 4.00 4.00 4.00    
Vietnam years           5.00 5.00 5.00 5.00 5.00    
Yemen years           3.00 3.00 3.00 3.00 3.00    
Zambia years           2.70 2.70 2.70 2.70 2.70    
Zimbabwe years           3.30 3.30 3.30 3.30 3.30    
World years           2.73 2.73 2.69 2.66 2.65