New business density — all countries

New business density — Northern Europe

New business density in Northern Europe in 2024 — 14.89 per 1,000. Since 2006, the indicator has risen by 71.9%.

2024 14.89 per 1,000 −4.03% vs 2023
World rank
Period maximum 15.52 per 1,0002023
Period minimum 7.18 per 1,0002009

Trend over time

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

New business density — Northern Europe, 2006–202457.51012.51517.520062008201020122014201620182020202220242006: 8.66 per 1,0002007: 9.3 per 1,0002008: 7.57 per 1,0002009: 7.18 per 1,0002010: 8.02 per 1,0002011: 9.16 per 1,0002012: 9.83 per 1,0002013: 10.28 per 1,0002014: 11.4 per 1,0002015: 11.89 per 1,0002016: 12.8 per 1,0002017: 12.4 per 1,0002018: 12.85 per 1,0002019: 13.13 per 1,0002020: 14.6 per 1,0002021: 14.78 per 1,0002022: 14.64 per 1,0002023: 15.52 per 1,0002024: 14.89 per 1,000
Change over the period: +6.23 (+71.85%) Average annual rate: 3.05 %

Comparison, 2024

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

Northern Europe 14.89 per 1,000
World 5.15 per 1,000
New business density — Northern Europe, by year Northern Europe All countries CSV XLSX
Year per 1,000 Change Change, %
2024 14.89 −0.63 −4.03%
2023 15.52 +0.88 +6%
2022 14.64 −0.15 −0.99%
2021 14.78 +0.19 +1.27%
2020 14.6 +1.47 +11.18%
2019 13.13 +0.28 +2.18%
2018 12.85 +0.45 +3.65%
2017 12.4 −0.4 −3.12%
2016 12.8 +0.91 +7.66%
2015 11.89 +0.49 +4.29%
2014 11.4 +1.12 +10.92%
2013 10.28 +0.45 +4.54%
2012 9.83 +0.67 +7.32%
2011 9.16 +1.14 +14.15%
2010 8.02 +0.85 +11.8%
2009 7.18 −0.4 −5.26%
2008 7.57 −1.72 −18.51%
2007 9.3 +0.63 +7.28%
2006 8.66

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.