New business density — all countries

New business density — Cyprus

New business density in Cyprus in 2024 — 2.08 per 1,000. Ranked 79 in the world out of 134. Since 2006, the indicator has fallen by 25.1%.

2024 2.08 per 1,000 +13.82% vs 2023
World rank 79of 134
Period maximum 3.95 per 1,0002007
Period minimum 1.52 per 1,0002013

Trend over time

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

New business density — Cyprus, 2006–2024123420062008201020122014201620182020202220242006: 2.78 per 1,0002007: 3.95 per 1,0002008: 3.32 per 1,0002009: 2.18 per 1,0002010: 2.62 per 1,0002011: 2.68 per 1,0002012: 2.49 per 1,0002013: 1.52 per 1,0002014: 1.58 per 1,0002015: 1.6 per 1,0002016: 1.96 per 1,0002017: 1.98 per 1,0002018: 2.11 per 1,0002019: 1.87 per 1,0002020: 1.62 per 1,0002021: 1.89 per 1,0002022: 1.86 per 1,0002023: 1.83 per 1,0002024: 2.08 per 1,000
Change over the period: −0.7 (−25.06%) Average annual rate: -1.59 %

Comparison, 2024

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

Cyprus 2.08 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
New business density — Cyprus, by year Cyprus All countries CSV XLSX
Year per 1,000 Change Change, %
2024 2.08 +0.25 +13.82%
2023 1.83 −0.03 −1.44%
2022 1.86 −0.04 −1.94%
2021 1.89 +0.27 +16.68%
2020 1.62 −0.25 −13.14%
2019 1.87 −0.25 −11.61%
2018 2.11 +0.14 +6.85%
2017 1.98 +0.02 +0.98%
2016 1.96 +0.35 +22.07%
2015 1.6 +0.03 +1.72%
2014 1.58 +0.06 +3.92%
2013 1.52 −0.97 −39.09%
2012 2.49 −0.19 −6.98%
2011 2.68 +0.05 +2.05%
2010 2.62 +0.44 +20.21%
2009 2.18 −1.13 −34.17%
2008 3.32 −0.64 −16.15%
2007 3.95 +1.18 +42.36%
2006 2.78

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.