New business density — all countries

New business density — Georgia

New business density in Georgia in 2024 — 7.62 per 1,000. Ranked 32 in the world out of 134. Since 2006, the indicator has risen by 219.6%.

2024 7.62 per 1,000 −5.26% vs 2023
World rank 32of 134
Period maximum 10.63 per 1,0002017
Period minimum 2.38 per 1,0002006

Trend over time

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

New business density — Georgia, 2006–202405101520062008201020122014201620182020202220242006: 2.38 per 1,0002007: 2.99 per 1,0002008: 3.38 per 1,0002009: 3.02 per 1,0002010: 4.41 per 1,0002011: 5.57 per 1,0002012: 5.97 per 1,0002013: 7.13 per 1,0002014: 7.33 per 1,0002015: 7.88 per 1,0002016: 8.93 per 1,0002017: 10.63 per 1,0002018: 10.56 per 1,0002019: 9.56 per 1,0002020: 7.59 per 1,0002021: 9.16 per 1,0002022: 8.55 per 1,0002023: 8.04 per 1,0002024: 7.62 per 1,000
Change over the period: +5.23 (+219.64%) Average annual rate: 6.67 %

Comparison, 2024

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

Georgia 7.62 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 — Georgia, by year Georgia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 7.62 −0.42 −5.26%
2023 8.04 −0.52 −6.03%
2022 8.55 −0.6 −6.59%
2021 9.16 +1.57 +20.63%
2020 7.59 −1.97 −20.59%
2019 9.56 −1 −9.5%
2018 10.56 −0.06 −0.6%
2017 10.63 +1.7 +19.02%
2016 8.93 +1.05 +13.38%
2015 7.88 +0.55 +7.46%
2014 7.33 +0.2 +2.82%
2013 7.13 +1.16 +19.35%
2012 5.97 +0.4 +7.23%
2011 5.57 +1.16 +26.19%
2010 4.41 +1.39 +46.03%
2009 3.02 −0.36 −10.61%
2008 3.38 +0.39 +12.98%
2007 2.99 +0.61 +25.62%
2006 2.38

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.