New businesses registered — all countries

New businesses registered — Iceland

New businesses registered in Iceland in 2024 — 2,925 companies. Ranked 104 in the world out of 134. Since 2006, the indicator has fallen by 9.6%.

2024 2,925 companies −5.43% vs 2023
World rank 104of 134
Period maximum 3,699 companies2007
Period minimum 1,639 companies2010

Trend over time

2006–2024 · companies

New businesses registered — Iceland, 2006–20241,0002,0003,0004,00020062008201020122014201620182020202220242006: 3,234 companies2007: 3,699 companies2008: 2,598 companies2009: 2,651 companies2010: 1,639 companies2011: 1,715 companies2012: 1,781 companies2013: 1,963 companies2014: 2,063 companies2015: 2,385 companies2016: 2,683 companies2017: 2,588 companies2018: 2,312 companies2019: 2,215 companies2020: 2,502 companies2021: 3,231 companies2022: 3,052 companies2023: 3,093 companies2024: 2,925 companies
Change over the period: −309 (−9.55%) Average annual rate: -0.56 %

Comparison, 2024

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

Iceland 2,925 companies
Europe & Central Asia computed 2.56M companies
Northern Europe computed 1.03M companies
New businesses registered — Iceland, by year Iceland All countries CSV XLSX
Year companies Change Change, %
2024 2,925 −168 −5.43%
2023 3,093 +41 +1.34%
2022 3,052 −179 −5.54%
2021 3,231 +729 +29.14%
2020 2,502 +287 +12.96%
2019 2,215 −97 −4.2%
2018 2,312 −276 −10.66%
2017 2,588 −95 −3.54%
2016 2,683 +298 +12.49%
2015 2,385 +322 +15.61%
2014 2,063 +100 +5.09%
2013 1,963 +182 +10.22%
2012 1,781 +66 +3.85%
2011 1,715 +76 +4.64%
2010 1,639 −1,012 −38.17%
2009 2,651 +53 +2.04%
2008 2,598 −1,101 −29.76%
2007 3,699 +465 +14.38%
2006 3,234

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.