New businesses registered — all countries

New businesses registered — Azerbaijan

New businesses registered in Azerbaijan in 2024 — 14,215 companies. Ranked 64 in the world out of 134. Since 2008, the indicator has risen by 131%.

2024 14,215 companies −8.91% vs 2023
World rank 64of 134
Period maximum 15,687 companies2019
Period minimum 3,541 companies2010

Trend over time

2008–2024 · companies

New businesses registered — Azerbaijan, 2008–202405,00010,00015,00020,0002008201020122014201620182020202220242008: 6,153 companies2009: 4,677 companies2010: 3,541 companies2011: 4,174 companies2012: 4,661 companies2013: 7,172 companies2014: 6,803 companies2015: 5,208 companies2016: 7,219 companies2017: 11,058 companies2018: 11,611 companies2019: 15,687 companies2020: 9,165 companies2021: 11,532 companies2022: 15,497 companies2023: 15,606 companies2024: 14,215 companies
Change over the period: +8,062 (+131.03%) Average annual rate: 5.37 %

Comparison, 2024

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

Azerbaijan 14,215 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 — Azerbaijan, by year Azerbaijan All countries CSV XLSX
Year companies Change Change, %
2024 14,215 −1,391 −8.91%
2023 15,606 +109 +0.7%
2022 15,497 +3,965 +34.38%
2021 11,532 +2,367 +25.83%
2020 9,165 −6,522 −41.58%
2019 15,687 +4,076 +35.1%
2018 11,611 +553 +5%
2017 11,058 +3,839 +53.18%
2016 7,219 +2,011 +38.61%
2015 5,208 −1,595 −23.45%
2014 6,803 −369 −5.15%
2013 7,172 +2,511 +53.87%
2012 4,661 +487 +11.67%
2011 4,174 +633 +17.88%
2010 3,541 −1,136 −24.29%
2009 4,677 −1,476 −23.99%
2008 6,153

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.