New business density — all countries

New business density — North Macedonia

New business density in North Macedonia in 2024 — 5.18 per 1,000. Ranked 46 in the world out of 134. Since 2006, the indicator has fallen by 11.7%.

2024 5.18 per 1,000 −1.96% vs 2023
World rank 46of 134
Period maximum 7.35 per 1,0002007
Period minimum 3.96 per 1,0002014

Trend over time

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

New business density — North Macedonia, 2006–202434567820062008201020122014201620182020202220242006: 5.87 per 1,0002007: 7.35 per 1,0002008: 7.19 per 1,0002009: 5.99 per 1,0002010: 5 per 1,0002011: 4.49 per 1,0002012: 4.04 per 1,0002013: 4.11 per 1,0002014: 3.96 per 1,0002015: 4.41 per 1,0002016: 4.36 per 1,0002017: 4.21 per 1,0002018: 4.13 per 1,0002019: 4.52 per 1,0002020: 4.27 per 1,0002021: 5.32 per 1,0002022: 5.38 per 1,0002023: 5.28 per 1,0002024: 5.18 per 1,000
Change over the period: −0.69 (−11.74%) Average annual rate: -0.69 %

Comparison, 2024

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

North Macedonia 5.18 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 — North Macedonia, by year North Macedonia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 5.18 −0.1 −1.96%
2023 5.28 −0.1 −1.83%
2022 5.38 +0.06 +1.13%
2021 5.32 +1.05 +24.67%
2020 4.27 −0.25 −5.55%
2019 4.52 +0.39 +9.33%
2018 4.13 −0.08 −1.83%
2017 4.21 −0.15 −3.53%
2016 4.36 −0.05 −1.12%
2015 4.41 +0.45 +11.41%
2014 3.96 −0.15 −3.62%
2013 4.11 +0.07 +1.78%
2012 4.04 −0.45 −10.1%
2011 4.49 −0.51 −10.18%
2010 5 −0.99 −16.52%
2009 5.99 −1.2 −16.68%
2008 7.19 −0.16 −2.24%
2007 7.35 +1.49 +25.36%
2006 5.87

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.