Sweden is the easiest and Saudi Arabia is the hardest in collection! What rank is Turkey in collections?
According to the Collection Difficulty Score Report, Sweden, Germany and Finland are among the countries with the easiest debt collection. The top three countries with the most difficulty in debt collection are Saudi Arabia, Malaysia and the UAE.
ISTANBUL (IGFA) – According to the Allianz Trade Collection Difficulty Score Report, Europe maintains its leading position among the top 10 countries with the easiest debt collection.
The Allianz Trade Collection Score Report, which includes 49 countries whose total GDPs represent 90 percent of global GDP and whose total trade represents 85 percent of global trade, reveals that Sweden, Germany and Finland are among the countries with the easiest debt collection. .
Saudi Arabia, Malaysia and the United Arab Emirates are among the countries where debt collection is most problematic. According to the report, although there has been some improvement in the difficulties of court processes, international debt collection processes in Saudi Arabia are three times more difficult than in Sweden, Germany and Finland.
COLLECTION DIFFICULTY SCORE DECREASE IN NEARLY ONE OF TWO COUNTRIES
According to the report, the difference in scores between developed and emerging economies is still large.
14 out of 16 Western European countries are in the cluster with the lightest collection difficulty. The USA and Canada, where the collection difficulty is “Very High” amid advanced economies, are exceptions to others in this cluster. The Middle East, Asia and Africa are the three regions where debt collection is the most problematic, on average.
TURKEY RANKS 13 IN THE MIDDLE OF THE COUNTRIES WITH THE MOST DIFFICULT DEBT COLLECTION
According to the Allianz Trade Collection Difficulty Score report, the Czech Republic and Slovakia are the other two eastern European countries in the rating where the debt collection risk, including Turkey, is ‘Very High’. The USA and Canada also draw attention in the middle of the countries included in the rating.