Luxembourg vs Small states: New business density
Luxembourg
19.61 new registrations per 1,000 people ages 15-64
in 2024
Small states
6.46 new registrations per 1,000 people ages 15-64
in 2022
Luxembourg rank
7th
Small states rank
7th
New business density over time
- Luxembourg
- Small states
How they compare
Luxembourg currently reports 19.61 new registrations per 1,000 people ages 15-64 against 6.46 new registrations per 1,000 people ages 15-64 in Small states, a difference of 13.15 new registrations per 1,000 people ages 15-64.
That makes Luxembourg's figure about 3.0 times Small states's.
Across all 15 years both countries report, Luxembourg has been ahead every year.
Luxembourg ranks 7th and Small states ranks 7th of 177 countries.
Luxembourg has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Luxembourg | Small states | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 22.64 new registrations per 1,000 people ages 15-64 | 3.96 new registrations per 1,000 people ages 15-64 | 18.68 new registrations per 1,000 people ages 15-64 | Luxembourg |
| 2010s | 22.79 new registrations per 1,000 people ages 15-64 | 4.85 new registrations per 1,000 people ages 15-64 | 17.94 new registrations per 1,000 people ages 15-64 | Luxembourg |
| 2020s | 24.98 new registrations per 1,000 people ages 15-64 | 6.05 new registrations per 1,000 people ages 15-64 | 18.93 new registrations per 1,000 people ages 15-64 | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Luxembourg or Small states?
- Luxembourg, at 19.61 new registrations per 1,000 people ages 15-64 against 6.46 new registrations per 1,000 people ages 15-64 in Small states as of 2024.
- What is the difference in new business density between Luxembourg and Small states?
- 13.15 new registrations per 1,000 people ages 15-64, with Luxembourg ahead.
- How many years of comparable data are there for Luxembourg and Small states?
- 15 years are reported by both, from 2008 to 2022.
- How do Luxembourg and Small states rank globally for new business density?
- Luxembourg ranks 7th and Small states ranks 7th 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.