In 2019, business insolvencies were resolved much more quickly in North America than any other region, taking an average of 0.9 years to resolve. This compares to an average of over two years in all other regions - with Sub-Saharan Africa being the longest at 2.91 years.
Average time to resolve business insolvencies worldwide in 2019, by region (in years)
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World Bank. (April 9, 2020). Average time to resolve business insolvencies worldwide in 2019, by region (in years) [Graph]. In Statista. Retrieved June 26, 2022, from https://www.statista.com/statistics/1116448/business-insolvencies-time-resolve-region/
World Bank. "Average time to resolve business insolvencies worldwide in 2019, by region (in years)." Chart. April 9, 2020. Statista. Accessed June 26, 2022. https://www.statista.com/statistics/1116448/business-insolvencies-time-resolve-region/
World Bank. (2020). Average time to resolve business insolvencies worldwide in 2019, by region (in years). Statista. Statista Inc.. Accessed: June 26, 2022. https://www.statista.com/statistics/1116448/business-insolvencies-time-resolve-region/
World Bank. "Average Time to Resolve Business Insolvencies Worldwide in 2019, by Region (in Years)." Statista, Statista Inc., 9 Apr 2020, https://www.statista.com/statistics/1116448/business-insolvencies-time-resolve-region/
World Bank, Average time to resolve business insolvencies worldwide in 2019, by region (in years) Statista, https://www.statista.com/statistics/1116448/business-insolvencies-time-resolve-region/ (last visited June 26, 2022)