* Values are forecast.
The source has calculated the values using on annual changes to their regional insolvency indexes, which uses a base year of 2000.
Citation formats
Annual growth in global business insolvencies by region 2008-2023
Following the rising global inflation, business insolvencies are forecast to increase in all world regions in 2023, increasing by almost ** percent in North America. Following a sharp increase with the 2008-09 financial crash, the number of business insolvencies in North America declined each year from 2010 to 2019. Perhaps somewhat surprisingly, except for Eastern and Central Europe and Latin America, the number of insolvencies fell in all regions in 2020, despite the COVID-19 pandemic.
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Euler Hermes. (April 11, 2023). Year-on-year growth in global business insolvencies from 2008 to 2023, by region (with predictions for 2024) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/1116418/annual-growth-business-insolvencies-region/
Euler Hermes. "Year-on-year growth in global business insolvencies from 2008 to 2023, by region (with predictions for 2024)." Chart. April 11, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/1116418/annual-growth-business-insolvencies-region/
Euler Hermes. (2023). Year-on-year growth in global business insolvencies from 2008 to 2023, by region (with predictions for 2024). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/1116418/annual-growth-business-insolvencies-region/
Euler Hermes. "Year-on-year Growth in Global Business Insolvencies from 2008 to 2023, by Region (with Predictions for 2024)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 11 Apr 2023, /statistics/1116418/annual-growth-business-insolvencies-region/
Euler Hermes, Year-on-year growth in global business insolvencies from 2008 to 2023, by region (with predictions for 2024) ÌÇÐÄÆƽâ°æ, /statistics/1116418/annual-growth-business-insolvencies-region/ (last visited July 30, 2026)
Year-on-year growth in global business insolvencies from 2008 to 2023, by region (with predictions for 2024) [Graph], Euler Hermes, April 11, 2023. [Online]. Available: /statistics/1116418/annual-growth-business-insolvencies-region/
