Number of business insolvencies in selected developing economies 2007-2019
The trend in business insolvencies in major developing economies differs greatly from country to country. For example, Russia has seen a significant reduction in their annual number of insolvencies, which declined from almost 36,000 in 2007 to an estimated 11,000 in 2019. On the other end of the spectrum, business insolvencies in Turkey increased over this period from just under 10,000 in 2007 to around 14,700 in 2019.
