New businesses registered — all countries

New businesses registered — Armenia

New businesses registered in Armenia in 2024 — 8,381 companies. Ranked 75 in the world out of 134. Since 2006, the indicator has risen by 238.8%.

2024 8,381 companies −16.81% vs 2023
World rank 75of 134
Period maximum 11,723 companies2022
Period minimum 2,474 companies2006

Trend over time

2006–2024 · companies

New businesses registered — Armenia, 2006–202405,00010,00015,00020062008201020122014201620182020202220242006: 2,474 companies2007: 3,290 companies2008: 3,344 companies2009: 2,575 companies2010: 2,527 companies2011: 2,640 companies2012: 3,190 companies2013: 3,180 companies2014: 3,168 companies2015: 3,493 companies2016: 3,510 companies2017: 4,443 companies2018: 6,137 companies2019: 6,877 companies2020: 5,700 companies2021: 6,768 companies2022: 11,723 companies2023: 10,075 companies2024: 8,381 companies
Change over the period: +5,907 (+238.76%) Average annual rate: 7.01 %

Comparison, 2024

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

Armenia 8,381 companies
Europe & Central Asia computed 2.56M companies
Western Asia computed 350,232 companies
Upper-middle-income countries computed 2.82M companies
New businesses registered — Armenia, by year Armenia All countries CSV XLSX
Year companies Change Change, %
2024 8,381 −1,694 −16.81%
2023 10,075 −1,648 −14.06%
2022 11,723 +4,955 +73.21%
2021 6,768 +1,068 +18.74%
2020 5,700 −1,177 −17.12%
2019 6,877 +740 +12.06%
2018 6,137 +1,694 +38.13%
2017 4,443 +933 +26.58%
2016 3,510 +17 +0.49%
2015 3,493 +325 +10.26%
2014 3,168 −12 −0.38%
2013 3,180 −10 −0.31%
2012 3,190 +550 +20.83%
2011 2,640 +113 +4.47%
2010 2,527 −48 −1.86%
2009 2,575 −769 −23%
2008 3,344 +54 +1.64%
2007 3,290 +816 +32.98%
2006 2,474

About the indicator

The number of newly registered limited liability companies over a year. Only they are counted: sole proprietorships, partnerships and cooperatives do not enter, so in countries where small business prefers simpler legal forms the indicator understates entrepreneurial activity.

Important: Limited liability companies only. Registration is not the start of activity: some registered companies never begin to operate.

Source: World Development Indicators (World Bank), license CC BY 4.0.