New business density — all countries

New business density — Luxembourg

New business density in Luxembourg in 2024 — 19.61 per 1,000. Ranked 8 in the world out of 134. Since 2008, the indicator has fallen by 26%.

2024 19.61 per 1,000 +5.13% vs 2023
World rank 8of 134
Period maximum 28.49 per 1,0002021
Period minimum 18.65 per 1,0002023

Trend over time

2008–2024 · per 1,000 people aged 15–64

New business density — Luxembourg, 2008–202417.52022.52527.5302008201020122014201620182020202220242008: 26.49 per 1,0002009: 18.79 per 1,0002010: 20.9 per 1,0002011: 22.07 per 1,0002012: 21.47 per 1,0002013: 24.43 per 1,0002014: 26.26 per 1,0002015: 23.7 per 1,0002016: 21.23 per 1,0002017: 21.57 per 1,0002018: 23.45 per 1,0002019: 22.8 per 1,0002020: 21.95 per 1,0002021: 28.49 per 1,0002022: 24.51 per 1,0002023: 18.65 per 1,0002024: 19.61 per 1,000
Change over the period: −6.88 (−25.97%) Average annual rate: -1.86 %

Comparison, 2024

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

Luxembourg 19.61 per 1,000
World 5.15 per 1,000
Europe & Central Asia 4.89 per 1,000
New business density — Luxembourg, by year Luxembourg All countries CSV XLSX
Year per 1,000 Change Change, %
2024 19.61 +0.96 +5.13%
2023 18.65 −5.86 −23.9%
2022 24.51 −3.97 −13.95%
2021 28.49 +6.54 +29.77%
2020 21.95 −0.85 −3.75%
2019 22.8 −0.64 −2.75%
2018 23.45 +1.88 +8.73%
2017 21.57 +0.34 +1.59%
2016 21.23 −2.47 −10.44%
2015 23.7 −2.56 −9.74%
2014 26.26 +1.83 +7.5%
2013 24.43 +2.96 +13.77%
2012 21.47 −0.6 −2.7%
2011 22.07 +1.17 +5.61%
2010 20.9 +2.11 +11.24%
2009 18.79 −7.7 −29.08%
2008 26.49

Western Europe, 2024

The same indicator for neighboring countries — with links to their pages

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.