Average time to resolve business insolvencies by income level 2003-2019

Published by Statista Research Department, Aug 29, 2022
A country's income level is correlated with the amount of time it takes to resolve business insolvencies, with low income countries taking an average of 3.13 years to resolve business insolvencies in 2019. This compares to an average of 1.95 years in high income countries at this time, and 2.63 years in middle income countries.

Average time to resolve business insolvencies worldwide from 2003 to 2019, by income level (in years)

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Release date

April 2020

Region

Worldwide

Survey time period

2003 to 2019

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Overview

6

North America

6

Europe

6

Asia-Pacific

6

Developing economies

3

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