New business density — all countries

New business density — Montenegro

New business density in Montenegro in 2024 — 17.86 per 1,000. Ranked 12 in the world out of 134. Since 2006, the indicator has risen by 140.3%.

2024 17.86 per 1,000 −19.38% vs 2023
World rank 12of 134
Period maximum 22.33 per 1,0002022
Period minimum 5.61 per 1,0002011

Trend over time

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

New business density — Montenegro, 2006–2024010203020062008201020122014201620182020202220242006: 7.43 per 1,0002007: 10.38 per 1,0002008: 8.22 per 1,0002009: 5.62 per 1,0002010: 5.67 per 1,0002011: 5.61 per 1,0002012: 5.92 per 1,0002013: 6.89 per 1,0002014: 7.32 per 1,0002015: 7.2 per 1,0002016: 6.76 per 1,0002017: 7.67 per 1,0002018: 11.38 per 1,0002019: 10.08 per 1,0002020: 8.04 per 1,0002021: 11.24 per 1,0002022: 22.33 per 1,0002023: 22.16 per 1,0002024: 17.86 per 1,000
Change over the period: +10.43 (+140.27%) Average annual rate: 4.99 %

Comparison, 2024

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

Montenegro 17.86 per 1,000
World 5.15 per 1,000
Europe & Central Asia 4.89 per 1,000
Southern Europe computed 4.16 per 1,000
Upper-middle-income countries computed 9.96 per 1,000
New business density — Montenegro, by year Montenegro All countries CSV XLSX
Year per 1,000 Change Change, %
2024 17.86 −4.29 −19.38%
2023 22.16 −0.17 −0.77%
2022 22.33 +11.08 +98.58%
2021 11.24 +3.2 +39.83%
2020 8.04 −2.04 −20.26%
2019 10.08 −1.29 −11.38%
2018 11.38 +3.71 +48.38%
2017 7.67 +0.9 +13.37%
2016 6.76 −0.43 −6.02%
2015 7.2 −0.12 −1.68%
2014 7.32 +0.43 +6.23%
2013 6.89 +0.97 +16.38%
2012 5.92 +0.31 +5.5%
2011 5.61 −0.06 −1.05%
2010 5.67 +0.06 +1%
2009 5.62 −2.6 −31.67%
2008 8.22 −2.16 −20.81%
2007 10.38 +2.94 +39.61%
2006 7.43

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.