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)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
World Bank. (April 9, 2020). Average time to resolve business insolvencies worldwide in 2019, by region (in years) [Graph]. In Statista. Retrieved November 16, 2024, 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 November 16, 2024. 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: November 16, 2024. 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 November 16, 2024)
Average time to resolve business insolvencies worldwide in 2019, by region (in years) [Graph], World Bank, April 9, 2020. [Online]. Available: https://www.statista.com/statistics/1116448/business-insolvencies-time-resolve-region/
