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 November 22, 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 22, 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 22, 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 22, 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/
