New business density — all countries

New business density — Iceland

New business density in Iceland in 2024 — 10.86 per 1,000. Ranked 24 in the world out of 134. Since 2006, the indicator has fallen by 31.8%.

2024 10.86 per 1,000 −8.06% vs 2023
World rank 24of 134
Period maximum 17.63 per 1,0002007
Period minimum 7.7 per 1,0002010

Trend over time

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

New business density — Iceland, 2006–20247.51012.51517.52020062008201020122014201620182020202220242006: 15.93 per 1,0002007: 17.63 per 1,0002008: 12.12 per 1,0002009: 12.37 per 1,0002010: 7.7 per 1,0002011: 8.06 per 1,0002012: 8.35 per 1,0002013: 9.14 per 1,0002014: 9.52 per 1,0002015: 10.9 per 1,0002016: 12.08 per 1,0002017: 11.35 per 1,0002018: 9.83 per 1,0002019: 9.19 per 1,0002020: 10.23 per 1,0002021: 13.04 per 1,0002022: 12.01 per 1,0002023: 11.81 per 1,0002024: 10.86 per 1,000
Change over the period: −5.07 (−31.84%) Average annual rate: -2.11 %

Comparison, 2024

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

Iceland 10.86 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 — Iceland, by year Iceland All countries CSV XLSX
Year per 1,000 Change Change, %
2024 10.86 −0.95 −8.06%
2023 11.81 −0.2 −1.71%
2022 12.01 −1.03 −7.89%
2021 13.04 +2.81 +27.42%
2020 10.23 +1.04 +11.34%
2019 9.19 −0.63 −6.46%
2018 9.83 −1.52 −13.39%
2017 11.35 −0.74 −6.11%
2016 12.08 +1.18 +10.84%
2015 10.9 +1.38 +14.52%
2014 9.52 +0.38 +4.16%
2013 9.14 +0.79 +9.49%
2012 8.35 +0.29 +3.6%
2011 8.06 +0.36 +4.66%
2010 7.7 −4.67 −37.75%
2009 12.37 +0.25 +2.04%
2008 12.12 −5.51 −31.24%
2007 17.63 +1.7 +10.68%
2006 15.93

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.