Georgia vs Latvia: New business density
Georgia
7.62 new registrations per 1,000 people ages 15-64
in 2024
Latvia
7.02 new registrations per 1,000 people ages 15-64
in 2024
Georgia rank
33rd
Latvia rank
36th
New business density over time
- Georgia
- Latvia
How they compare
Georgia currently reports 7.62 new registrations per 1,000 people ages 15-64 against 7.02 new registrations per 1,000 people ages 15-64 in Latvia, a difference of 0.6 new registrations per 1,000 people ages 15-64.
That makes Georgia's figure about 1.1 times Latvia's.
The two have swapped places 1 time across 19 shared years of data; in 2006 it was Latvia ahead.
Georgia ranks 33rd and Latvia ranks 36th of 177 countries.
Across the 3 decades both report, Georgia averaged higher in 1 and Latvia in 2.
Head to head by decade
| Decade | Georgia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.94 new registrations per 1,000 people ages 15-64 | 6.65 new registrations per 1,000 people ages 15-64 | 3.7 new registrations per 1,000 people ages 15-64 | Latvia |
| 2010s | 7.8 new registrations per 1,000 people ages 15-64 | 9.59 new registrations per 1,000 people ages 15-64 | 1.79 new registrations per 1,000 people ages 15-64 | Latvia |
| 2020s | 8.19 new registrations per 1,000 people ages 15-64 | 6.86 new registrations per 1,000 people ages 15-64 | 1.33 new registrations per 1,000 people ages 15-64 | Georgia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Georgia or Latvia?
- Georgia, at 7.62 new registrations per 1,000 people ages 15-64 against 7.02 new registrations per 1,000 people ages 15-64 in Latvia as of 2024.
- What is the difference in new business density between Georgia and Latvia?
- 0.6 new registrations per 1,000 people ages 15-64, with Georgia ahead.
- How many years of comparable data are there for Georgia and Latvia?
- 19 years are reported by both, from 2006 to 2024.
- How do Georgia and Latvia rank globally for new business density?
- Georgia ranks 33rd and Latvia ranks 36th 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.