Latvia vs Lower middle income: New business density
Latvia
7.02 new registrations per 1,000 people ages 15-64
in 2024
Lower middle income
0.4975 new registrations per 1,000 people ages 15-64
in 2024
Latvia rank
36th
Lower middle income rank
38th
New business density over time
- Latvia
- Lower middle income
How they compare
Latvia currently reports 7.02 new registrations per 1,000 people ages 15-64 against 0.4975 new registrations per 1,000 people ages 15-64 in Lower middle income, a difference of 6.52 new registrations per 1,000 people ages 15-64.
That makes Latvia's figure about 14.1 times Lower middle income's.
Across all 19 years both countries report, Latvia has been ahead every year.
Latvia ranks 36th and Lower middle income ranks 38th of 177 countries.
Latvia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latvia | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 6.65 new registrations per 1,000 people ages 15-64 | 0.1926 new registrations per 1,000 people ages 15-64 | 6.46 new registrations per 1,000 people ages 15-64 | Latvia |
| 2010s | 9.59 new registrations per 1,000 people ages 15-64 | 0.2832 new registrations per 1,000 people ages 15-64 | 9.31 new registrations per 1,000 people ages 15-64 | Latvia |
| 2020s | 6.86 new registrations per 1,000 people ages 15-64 | 0.4852 new registrations per 1,000 people ages 15-64 | 6.38 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, Latvia or Lower middle income?
- Latvia, at 7.02 new registrations per 1,000 people ages 15-64 against 0.4975 new registrations per 1,000 people ages 15-64 in Lower middle income as of 2024.
- What is the difference in new business density between Latvia and Lower middle income?
- 6.52 new registrations per 1,000 people ages 15-64, with Latvia ahead.
- How many years of comparable data are there for Latvia and Lower middle income?
- 19 years are reported by both, from 2006 to 2024.
- How do Latvia and Lower middle income rank globally for new business density?
- Latvia ranks 36th and Lower middle income ranks 38th 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.