• Business insolvencies: annual growth by region 2021

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Following a sharp increase with the 2008-09 financial crash, the number of business insolvencies in North America declined each year from 2010 to 2019, when they were estimated to increase by three percent. This trend contrasts with the Asia Pacific region, where countries such as Australia and China did not enter a recession in 2009. Accordingly, business insolvencies actually decreased during the financial crash, however they began to trend upwards in the second half of the 2010s, reaching a peak year-on-year growth rate of 41 percent in 2018.

Year-on-year growth in global business insolvencies from 2008 to 2021, by region

Characteristic	North America	Latin America	Western Europe	Central and Eastern Europe	Africa and Middle East	Asia Pacific
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Source

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Release date

January 2020

More information

Region

Worldwide

Survey time period

2008 to 2021

Supplementary notes

* Values are forecast.
The source has calculated the values using on annual changes to their regional insolvency indexes, which uses a base year of 2000.