The time it takes to resolve business insolvencies has been gradually decreasing over the last two decades, with the global average time to resolution sitting at 2.47 years in 2019. This compares to an average of 2.77 years in 2003.
Average time to resolve business insolvencies worldwide from 2003 to 2019
(in years)
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World Bank. (April 9, 2020). Average time to resolve business insolvencies worldwide from 2003 to 2019 (in years) [Graph]. In Statista. Retrieved April 21, 2025, from https://www.statista.com/statistics/1116458/business-insolvencies-time-resolve-worldwide/
World Bank. "Average time to resolve business insolvencies worldwide from 2003 to 2019 (in years)." Chart. April 9, 2020. Statista. Accessed April 21, 2025. https://www.statista.com/statistics/1116458/business-insolvencies-time-resolve-worldwide/
World Bank. (2020). Average time to resolve business insolvencies worldwide from 2003 to 2019 (in years). Statista. Statista Inc.. Accessed: April 21, 2025. https://www.statista.com/statistics/1116458/business-insolvencies-time-resolve-worldwide/
World Bank. "Average Time to Resolve Business Insolvencies Worldwide from 2003 to 2019 (in Years)." Statista, Statista Inc., 9 Apr 2020, https://www.statista.com/statistics/1116458/business-insolvencies-time-resolve-worldwide/
World Bank, Average time to resolve business insolvencies worldwide from 2003 to 2019 (in years) Statista, https://www.statista.com/statistics/1116458/business-insolvencies-time-resolve-worldwide/ (last visited April 21, 2025)
Average time to resolve business insolvencies worldwide from 2003 to 2019 (in years) [Graph], World Bank, April 9, 2020. [Online]. Available: https://www.statista.com/statistics/1116458/business-insolvencies-time-resolve-worldwide/
