New business density — all countries

New business density — Estonia

New business density in Estonia in 2024 — 26.76 per 1,000. Ranked 4 in the world out of 134. Since 2006, the indicator has risen by 102.9%.

2024 26.76 per 1,000 +7.7% vs 2023
World rank 4of 134
Period maximum 29.41 per 1,0002021
Period minimum 9.08 per 1,0002009

Trend over time

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

New business density — Estonia, 2006–2024010203020062008201020122014201620182020202220242006: 13.19 per 1,0002007: 12.77 per 1,0002008: 10.68 per 1,0002009: 9.08 per 1,0002010: 10.28 per 1,0002011: 14.78 per 1,0002012: 15.36 per 1,0002013: 16.36 per 1,0002014: 16.09 per 1,0002015: 17.52 per 1,0002016: 19.48 per 1,0002017: 21.81 per 1,0002018: 23.59 per 1,0002019: 24.74 per 1,0002020: 24.13 per 1,0002021: 29.41 per 1,0002022: 24.2 per 1,0002023: 24.85 per 1,0002024: 26.76 per 1,000
Change over the period: +13.57 (+102.93%) Average annual rate: 4.01 %

Comparison, 2024

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

Estonia 26.76 per 1,000
World 5.15 per 1,000
Europe & Central Asia 4.89 per 1,000
Northern Europe computed 14.89 per 1,000
New business density — Estonia, by year Estonia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 26.76 +1.91 +7.7%
2023 24.85 +0.65 +2.68%
2022 24.2 −5.21 −17.71%
2021 29.41 +5.27 +21.85%
2020 24.13 −0.61 −2.45%
2019 24.74 +1.14 +4.85%
2018 23.59 +1.79 +8.19%
2017 21.81 +2.33 +11.97%
2016 19.48 +1.95 +11.15%
2015 17.52 +1.43 +8.89%
2014 16.09 −0.26 −1.62%
2013 16.36 +0.99 +6.46%
2012 15.36 +0.59 +3.98%
2011 14.78 +4.5 +43.79%
2010 10.28 +1.2 +13.18%
2009 9.08 −1.6 −14.96%
2008 10.68 −2.09 −16.36%
2007 12.77 −0.42 −3.2%
2006 13.19

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.