New business density — all countries

New business density — Western Europe

New business density in Western Europe in 2023 — 3.72 per 1,000. Since 2006, the indicator has risen by 58.3%.

2023 3.72 per 1,000 −3.38% vs 2022
World rank
Period maximum 3.85 per 1,0002022
Period minimum 2.35 per 1,0002006

Trend over time

2006–2023 · per 1,000 people aged 15–64

New business density — Western Europe, 2006–202322.533.5420062008201020122014201620182020202220232006: 2.35 per 1,0002007: 2.56 per 1,0002008: 2.61 per 1,0002009: 2.52 per 1,0002010: 2.67 per 1,0002011: 2.72 per 1,0002012: 2.63 per 1,0002013: 2.6 per 1,0002014: 2.69 per 1,0002015: 2.71 per 1,0002016: 2.89 per 1,0002017: 2.96 per 1,0002018: 3.02 per 1,0002019: 3.2 per 1,0002020: 3.1 per 1,0002021: 3.76 per 1,0002022: 3.85 per 1,0002023: 3.72 per 1,000
Change over the period: +1.37 (+58.34%) Average annual rate: 2.74 %

Comparison, 2023

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

Western Europe 3.72 per 1,000
World 6.12 per 1,000
New business density — Western Europe, by year Western Europe All countries CSV XLSX
Year per 1,000 Change Change, %
2023 3.72 −0.13 −3.38%
2022 3.85 +0.09 +2.27%
2021 3.76 +0.66 +21.35%
2020 3.1 −0.1 −3.15%
2019 3.2 +0.18 +6.09%
2018 3.02 +0.06 +1.92%
2017 2.96 +0.07 +2.3%
2016 2.89 +0.19 +6.88%
2015 2.71 +0.01 +0.51%
2014 2.69 +0.09 +3.57%
2013 2.6 −0.03 −1%
2012 2.63 −0.09 −3.48%
2011 2.72 +0.05 +1.89%
2010 2.67 +0.15 +6.03%
2009 2.52 −0.1 −3.67%
2008 2.61 +0.06 +2.26%
2007 2.56 +0.21 +8.93%
2006 2.35

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.