Latvia vs Romania: New business density
Latvia
7.02 new registrations per 1,000 people ages 15-64
in 2024
Romania
7.47 new registrations per 1,000 people ages 15-64
in 2024
Latvia rank
36th
Romania rank
34th
New business density over time
- Latvia
- Romania
How they compare
Romania currently reports 7.47 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 0.45 new registrations per 1,000 people ages 15-64.
That makes Romania's figure about 1.1 times Latvia's.
The two have swapped places 5 times across 19 shared years of data; in 2006 it was Latvia ahead.
Latvia ranks 36th and Romania ranks 34th of 177 countries.
Across the 3 decades both report, Latvia averaged higher in 2 and Romania in 1.
Head to head by decade
| Decade | Latvia | Romania | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 6.65 new registrations per 1,000 people ages 15-64 | 6.16 new registrations per 1,000 people ages 15-64 | 0.4869 new registrations per 1,000 people ages 15-64 | Latvia |
| 2010s | 9.59 new registrations per 1,000 people ages 15-64 | 5.46 new registrations per 1,000 people ages 15-64 | 4.13 new registrations per 1,000 people ages 15-64 | Latvia |
| 2020s | 6.86 new registrations per 1,000 people ages 15-64 | 7.9 new registrations per 1,000 people ages 15-64 | 1.04 new registrations per 1,000 people ages 15-64 | Romania |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Latvia or Romania?
- Romania, at 7.47 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 Latvia and Romania?
- 0.45 new registrations per 1,000 people ages 15-64, with Romania ahead.
- How many years of comparable data are there for Latvia and Romania?
- 19 years are reported by both, from 2006 to 2024.
- How do Latvia and Romania rank globally for new business density?
- Latvia ranks 36th and Romania ranks 34th 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.