IDA total vs Latvia: New business density
IDA total
0.854 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
IDA total rank
35th
Latvia rank
36th
New business density over time
- IDA total
- Latvia
How they compare
Latvia currently reports 7.02 new registrations per 1,000 people ages 15-64 against 0.854 new registrations per 1,000 people ages 15-64 in IDA total, a difference of 6.17 new registrations per 1,000 people ages 15-64.
That makes Latvia's figure about 8.2 times IDA total's.
Across all 14 years both countries report, Latvia has been ahead every year.
IDA total ranks 35th 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 | IDA total | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.3195 new registrations per 1,000 people ages 15-64 | 4.99 new registrations per 1,000 people ages 15-64 | 4.67 new registrations per 1,000 people ages 15-64 | Latvia |
| 2010s | 0.435 new registrations per 1,000 people ages 15-64 | 9.59 new registrations per 1,000 people ages 15-64 | 9.16 new registrations per 1,000 people ages 15-64 | Latvia |
| 2020s | 0.7635 new registrations per 1,000 people ages 15-64 | 6.9 new registrations per 1,000 people ages 15-64 | 6.14 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, IDA total or Latvia?
- Latvia, at 7.02 new registrations per 1,000 people ages 15-64 against 0.854 new registrations per 1,000 people ages 15-64 in IDA total as of 2024.
- What is the difference in new business density between IDA total and Latvia?
- 6.17 new registrations per 1,000 people ages 15-64, with Latvia ahead.
- How many years of comparable data are there for IDA total and Latvia?
- 14 years are reported by both, from 2009 to 2022.
- How do IDA total and Latvia rank globally for new business density?
- IDA total ranks 35th 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.
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.