New businesses registered — all countries

New businesses registered — Georgia

New businesses registered in Georgia in 2024 — 17,783 companies. Ranked 57 in the world out of 134. Since 2006, the indicator has risen by 189.6%.

2024 17,783 companies −6.44% vs 2023
World rank 57of 134
Period maximum 25,911 companies2017
Period minimum 6,141 companies2006

Trend over time

2006–2024 · companies

New businesses registered — Georgia, 2006–2024010,00020,00030,00020062008201020122014201620182020202220242006: 6,141 companies2007: 7,713 companies2008: 8,738 companies2009: 7,781 companies2010: 11,314 companies2011: 14,172 companies2012: 15,061 companies2013: 17,856 companies2014: 18,254 companies2015: 19,491 companies2016: 21,932 companies2017: 25,911 companies2018: 25,562 companies2019: 22,936 companies2020: 18,118 companies2021: 21,680 companies2022: 20,233 companies2023: 19,007 companies2024: 17,783 companies
Change over the period: +11,642 (+189.58%) Average annual rate: 6.08 %

Comparison, 2024

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

Georgia 17,783 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 — Georgia, by year Georgia All countries CSV XLSX
Year companies Change Change, %
2024 17,783 −1,224 −6.44%
2023 19,007 −1,226 −6.06%
2022 20,233 −1,447 −6.67%
2021 21,680 +3,562 +19.66%
2020 18,118 −4,818 −21.01%
2019 22,936 −2,626 −10.27%
2018 25,562 −349 −1.35%
2017 25,911 +3,979 +18.14%
2016 21,932 +2,441 +12.52%
2015 19,491 +1,237 +6.78%
2014 18,254 +398 +2.23%
2013 17,856 +2,795 +18.56%
2012 15,061 +889 +6.27%
2011 14,172 +2,858 +25.26%
2010 11,314 +3,533 +45.41%
2009 7,781 −957 −10.95%
2008 8,738 +1,025 +13.29%
2007 7,713 +1,572 +25.6%
2006 6,141

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.