New business density — all countries

New business density — Azerbaijan

New business density in Azerbaijan in 2024 — 2 per 1,000. Ranked 80 in the world out of 134. Since 2008, the indicator has risen by 100.9%.

2024 2 per 1,000 −9.33% vs 2023
World rank 80of 134
Period maximum 2.24 per 1,0002019
Period minimum 0.54 per 1,0002010

Trend over time

2008–2024 · per 1,000 people aged 15–64

New business density — Azerbaijan, 2008–202401232008201020122014201620182020202220242008: 1 per 1,0002009: 0.73 per 1,0002010: 0.54 per 1,0002011: 0.63 per 1,0002012: 0.7 per 1,0002013: 1.06 per 1,0002014: 1 per 1,0002015: 0.76 per 1,0002016: 1.05 per 1,0002017: 1.6 per 1,0002018: 1.67 per 1,0002019: 2.24 per 1,0002020: 1.3 per 1,0002021: 1.63 per 1,0002022: 2.19 per 1,0002023: 2.21 per 1,0002024: 2 per 1,000
Change over the period: +1 (+100.88%) Average annual rate: 4.46 %

Comparison, 2024

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

Azerbaijan 2 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 — Azerbaijan, by year Azerbaijan All countries CSV XLSX
Year per 1,000 Change Change, %
2024 2 −0.21 −9.33%
2023 2.21 +0.01 +0.63%
2022 2.19 +0.56 +34.39%
2021 1.63 +0.33 +25.31%
2020 1.3 −0.94 −41.89%
2019 2.24 +0.57 +34.05%
2018 1.67 +0.07 +4.21%
2017 1.6 +0.55 +52.43%
2016 1.05 +0.29 +37.98%
2015 0.76 −0.24 −23.87%
2014 1 −0.06 −5.72%
2013 1.06 +0.37 +52.7%
2012 0.7 +0.06 +10.27%
2011 0.63 +0.09 +15.88%
2010 0.54 −0.19 −25.78%
2009 0.73 −0.26 −26.33%
2008 1

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.