New business density — all countries

New business density — Armenia

New business density in Armenia in 2024 — 4.12 per 1,000. Ranked 53 in the world out of 134. Since 2006, the indicator has risen by 255.5%.

2024 4.12 per 1,000 −18.49% vs 2023
World rank 53of 134
Period maximum 5.87 per 1,0002022
Period minimum 1.16 per 1,0002006

Trend over time

2006–2024 · per 1,000 people aged 15–64

New business density — Armenia, 2006–2024024620062008201020122014201620182020202220242006: 1.16 per 1,0002007: 1.54 per 1,0002008: 1.56 per 1,0002009: 1.2 per 1,0002010: 1.19 per 1,0002011: 1.25 per 1,0002012: 1.51 per 1,0002013: 1.51 per 1,0002014: 1.52 per 1,0002015: 1.69 per 1,0002016: 1.71 per 1,0002017: 2.19 per 1,0002018: 3.05 per 1,0002019: 3.43 per 1,0002020: 2.85 per 1,0002021: 3.39 per 1,0002022: 5.87 per 1,0002023: 5.05 per 1,0002024: 4.12 per 1,000
Change over the period: +2.96 (+255.49%) Average annual rate: 7.3 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Armenia

Armenia 4.12 per 1,000
World 5.15 per 1,000
Europe & Central Asia 4.89 per 1,000
Western Asia computed 2.86 per 1,000
Upper-middle-income countries computed 9.96 per 1,000
New business density — Armenia, by year Armenia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 4.12 −0.93 −18.49%
2023 5.05 −0.82 −13.94%
2022 5.87 +2.48 +73.14%
2021 3.39 +0.54 +18.95%
2020 2.85 −0.58 −16.88%
2019 3.43 +0.38 +12.61%
2018 3.05 +0.86 +39.17%
2017 2.19 +0.48 +27.92%
2016 1.71 +0.03 +1.53%
2015 1.69 +0.17 +11.2%
2014 1.52 +0 +0.33%
2013 1.51 +0 +0.1%
2012 1.51 +0.26 +21.2%
2011 1.25 +0.06 +5.01%
2010 1.19 −0.02 −1.44%
2009 1.2 −0.36 −22.86%
2008 1.56 +0.02 +1.53%
2007 1.54 +0.38 +32.59%
2006 1.16

About the indicator

The number of newly registered limited liability companies per 1,000 people of working age (15–64) over a year. It is an indicator of entrepreneurial activity and of the ease of entering a market. Only limited liability companies are counted, so in countries where sole proprietorships dominate the figure is understated.

Important: The aggregate is weighted by the population aged 15–64 — the same denominator that stands in the indicator. Only new limited liability companies are counted, so where other legal forms are common the value is understated.

Source: World Development Indicators (World Bank), license CC BY 4.0.