What is the difference in new business density between Latvia and Sweden?

0.06 new registrations per 1,000 people ages 15-64, with Sweden ahead.

How many years of comparable data are there for Latvia and Sweden?

19 years are reported by both, from 2006 to 2024.

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.

Latvia vs Sweden: New business density

Latvia

7.02 new registrations per 1,000 people ages 15-64

in 2024

Sweden

7.08 new registrations per 1,000 people ages 15-64

in 2024

Latvia rank

36th

Sweden rank

35th

New business density over time

Latvia
Sweden

How they compare

Sweden currently reports 7.08 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 0.06 new registrations per 1,000 people ages 15-64.

The two have swapped places 3 times across 19 shared years of data; in 2006 it was Latvia ahead.

Latvia ranks 36th and Sweden ranks 35th of 177 countries.

Across the 3 decades both report, Latvia averaged higher in 2 and Sweden in 1.

Head to head by decade

Decade	Latvia	Sweden	Difference	Ahead
2000s	6.65 new registrations per 1,000 people ages 15-64	4.31 new registrations per 1,000 people ages 15-64	2.34 new registrations per 1,000 people ages 15-64	Latvia
2010s	9.59 new registrations per 1,000 people ages 15-64	7.01 new registrations per 1,000 people ages 15-64	2.58 new registrations per 1,000 people ages 15-64	Latvia
2020s	6.86 new registrations per 1,000 people ages 15-64	8.5 new registrations per 1,000 people ages 15-64	1.64 new registrations per 1,000 people ages 15-64	Sweden

Averages of every year both report within each decade.

Frequently asked questions

Which has higher new business density, Latvia or Sweden?: Sweden, at 7.08 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 Sweden?: 0.06 new registrations per 1,000 people ages 15-64, with Sweden ahead.
How many years of comparable data are there for Latvia and Sweden?: 19 years are reported by both, from 2006 to 2024.
How do Latvia and Sweden rank globally for new business density?: Latvia ranks 36th and Sweden ranks 35th 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.

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Latvia vs Sweden: New business density. Statizoid, drawing on Entrepreneurship Database, World Bank (WB). Retrieved 09 September 2026, from https://private-sector.statizoid.com/compare/new-business-density-new-registrations-per-1-000-people-ages-15-64/latvia/sweden/

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<a href="https://private-sector.statizoid.com/compare/new-business-density-new-registrations-per-1-000-people-ages-15-64/latvia/sweden/">Latvia vs Sweden: New business density</a> — Statizoid

About this data

Indicator: New business density (new registrations per 1,000 people ages 15-64)
Unit: new registrations per 1,000 people ages 15-64
Source: Entrepreneurship Database, World Bank (WB)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 222 places, 3,644 data points, 2006–2024
Last refreshed: 03 September 2026

The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.