Armenia vs Hungary: New business density
Armenia
4.12 new registrations per 1,000 people ages 15-64
in 2024
Hungary
3.83 new registrations per 1,000 people ages 15-64
in 2024
Armenia rank
62nd
Hungary rank
63rd
New business density over time
- Armenia
- Hungary
How they compare
Armenia currently reports 4.12 new registrations per 1,000 people ages 15-64 against 3.83 new registrations per 1,000 people ages 15-64 in Hungary, a difference of 0.29 new registrations per 1,000 people ages 15-64.
That makes Armenia's figure about 1.1 times Hungary's.
The two have swapped places 1 time across 19 shared years of data; in 2006 it was Hungary ahead.
Armenia ranks 62nd and Hungary ranks 63rd of 177 countries.
Hungary has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Armenia | Hungary | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.36 new registrations per 1,000 people ages 15-64 | 4.93 new registrations per 1,000 people ages 15-64 | 3.56 new registrations per 1,000 people ages 15-64 | Hungary |
| 2010s | 1.9 new registrations per 1,000 people ages 15-64 | 4.54 new registrations per 1,000 people ages 15-64 | 2.64 new registrations per 1,000 people ages 15-64 | Hungary |
| 2020s | 4.26 new registrations per 1,000 people ages 15-64 | 4.31 new registrations per 1,000 people ages 15-64 | 0.0537 new registrations per 1,000 people ages 15-64 | Hungary |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Armenia or Hungary?
- Armenia, at 4.12 new registrations per 1,000 people ages 15-64 against 3.83 new registrations per 1,000 people ages 15-64 in Hungary as of 2024.
- What is the difference in new business density between Armenia and Hungary?
- 0.29 new registrations per 1,000 people ages 15-64, with Armenia ahead.
- How many years of comparable data are there for Armenia and Hungary?
- 19 years are reported by both, from 2006 to 2024.
- How do Armenia and Hungary rank globally for new business density?
- Armenia ranks 62nd and Hungary ranks 63rd of 177 countries.
- 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.
Individual pages
About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.