The Worst and Best Places in the World to Collect Your Debt
This second edition of the Euler Hermes Collection Complexity analysis looks into debt collection procedures in 50 countries (*).Sweden, Germany, and Ireland take the lead of our ranking for being the easiest countries where to collect a debt. Saudi Arabia, the United Arab Emirates and Malaysia are still lagging behind when it comes to simplifying the life of companies trying to recover their dues. International debt collection is three times more complex in Saudi Arabia than in Sweden.
Good economic growth fundamentals do not necessarily entail a more conducive business environment when it comes to inter- company payments. Pockets of collection complexity exist in all countries: local payment practices, and court- and insolvency- related complexities are a challenge. On average, half of the collection complexity comes from the insolvency proceedings.