New business density — all countries

New business density — Lithuania

New business density in Lithuania in 2024 — 2.13 per 1,000. Ranked 77 in the world out of 134. Since 2006, the indicator has fallen by 11.7%.

2024 2.13 per 1,000 −15.98% vs 2023
World rank 77of 134
Period maximum 5.47 per 1,0002012
Period minimum 2.13 per 1,0002024

Trend over time

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

New business density — Lithuania, 2006–20242345620062008201020122014201620182020202220242006: 2.41 per 1,0002007: 3.02 per 1,0002008: 2.51 per 1,0002009: 2.52 per 1,0002010: 3.12 per 1,0002011: 3.83 per 1,0002012: 5.47 per 1,0002013: 4.06 per 1,0002014: 4.32 per 1,0002015: 3.19 per 1,0002016: 3.34 per 1,0002017: 3.53 per 1,0002018: 3.3 per 1,0002019: 3.23 per 1,0002020: 2.91 per 1,0002021: 3.22 per 1,0002022: 2.89 per 1,0002023: 2.54 per 1,0002024: 2.13 per 1,000
Change over the period: −0.28 (−11.65%) Average annual rate: -0.69 %

Comparison, 2024

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

Lithuania 2.13 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 — Lithuania, by year Lithuania All countries CSV XLSX
Year per 1,000 Change Change, %
2024 2.13 −0.41 −15.98%
2023 2.54 −0.36 −12.3%
2022 2.89 −0.33 −10.16%
2021 3.22 +0.31 +10.84%
2020 2.91 −0.33 −10.08%
2019 3.23 −0.07 −2.12%
2018 3.3 −0.23 −6.4%
2017 3.53 +0.19 +5.61%
2016 3.34 +0.15 +4.59%
2015 3.19 −1.13 −26.09%
2014 4.32 +0.26 +6.41%
2013 4.06 −1.41 −25.8%
2012 5.47 +1.64 +42.77%
2011 3.83 +0.71 +22.84%
2010 3.12 +0.6 +23.74%
2009 2.52 +0.01 +0.37%
2008 2.51 −0.51 −16.77%
2007 3.02 +0.61 +25.09%
2006 2.41

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.