What is the difference in new business density between Arab World and Latvia?

6.19 new registrations per 1,000 people ages 15-64, with Latvia ahead.

How many years of comparable data are there for Arab World and Latvia?

17 years are reported by both, from 2006 to 2022.

Where does this data come from?

Entrepreneurship Database, World Bank (WB), published as New business density (new registrations per 1,000 people ages 15-64). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Arab World vs Latvia: New business density

Arab World

0.8284 new registrations per 1,000 people ages 15-64

in 2022

Latvia

7.02 new registrations per 1,000 people ages 15-64

in 2024

Arab World rank

36th

Latvia rank

36th

New business density over time

Arab World
Latvia

How they compare

Latvia currently reports 7.02 new registrations per 1,000 people ages 15-64 against 0.8284 new registrations per 1,000 people ages 15-64 in Arab World, a difference of 6.19 new registrations per 1,000 people ages 15-64.

That makes Latvia's figure about 8.5 times Arab World's.

Across all 17 years both countries report, Latvia has been ahead every year.

Arab World ranks 36th and Latvia ranks 36th of 45 groups.

Latvia has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade	Arab World	Latvia	Difference	Ahead
2000s	0.5134 new registrations per 1,000 people ages 15-64	6.65 new registrations per 1,000 people ages 15-64	6.13 new registrations per 1,000 people ages 15-64	Latvia
2010s	0.685 new registrations per 1,000 people ages 15-64	9.59 new registrations per 1,000 people ages 15-64	8.91 new registrations per 1,000 people ages 15-64	Latvia
2020s	0.8167 new registrations per 1,000 people ages 15-64	6.9 new registrations per 1,000 people ages 15-64	6.09 new registrations per 1,000 people ages 15-64	Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher new business density, Arab World or Latvia?: Latvia, at 7.02 new registrations per 1,000 people ages 15-64 against 0.8284 new registrations per 1,000 people ages 15-64 in Arab World as of 2024.
What is the difference in new business density between Arab World and Latvia?: 6.19 new registrations per 1,000 people ages 15-64, with Latvia ahead.
How many years of comparable data are there for Arab World and Latvia?: 17 years are reported by both, from 2006 to 2022.
How do Arab World and Latvia rank globally for new business density?: Arab World ranks 36th and Latvia ranks 36th of 45 groups.
Where does this data come from?: Entrepreneurship Database, World Bank (WB), published as New business density (new registrations per 1,000 people ages 15-64). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Arab World vs Latvia: New business density. Statizoid, drawing on Entrepreneurship Database, World Bank (WB). Retrieved 09 September 2026, from https://private-sector.statizoid.com/compare/new-business-density-new-registrations-per-1-000-people-ages-15-64/arab-world/latvia/

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<a href="https://private-sector.statizoid.com/compare/new-business-density-new-registrations-per-1-000-people-ages-15-64/arab-world/latvia/">Arab World vs Latvia: New business density</a> — Statizoid

About this data

Indicator: New business density (new registrations per 1,000 people ages 15-64)
Unit: new registrations per 1,000 people ages 15-64
Source: Entrepreneurship Database, World Bank (WB)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 222 places, 3,644 data points, 2006–2024
Last refreshed: 03 September 2026

The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.