Luxembourg vs Upper middle income: New business density
Luxembourg
19.61 new registrations per 1,000 people ages 15-64
in 2024
Upper middle income
9.26 new registrations per 1,000 people ages 15-64
in 2024
Luxembourg rank
7th
Upper middle income rank
6th
New business density over time
- Luxembourg
- Upper middle income
How they compare
Luxembourg currently reports 19.61 new registrations per 1,000 people ages 15-64 against 9.26 new registrations per 1,000 people ages 15-64 in Upper middle income, a difference of 10.35 new registrations per 1,000 people ages 15-64.
That makes Luxembourg's figure about 2.1 times Upper middle income's.
Across all 17 years both countries report, Luxembourg has been ahead every year.
Luxembourg ranks 7th and Upper middle income ranks 6th of 177 countries.
Luxembourg has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Luxembourg | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 22.64 new registrations per 1,000 people ages 15-64 | 3.12 new registrations per 1,000 people ages 15-64 | 19.51 new registrations per 1,000 people ages 15-64 | Luxembourg |
| 2010s | 22.79 new registrations per 1,000 people ages 15-64 | 6.21 new registrations per 1,000 people ages 15-64 | 16.58 new registrations per 1,000 people ages 15-64 | Luxembourg |
| 2020s | 22.64 new registrations per 1,000 people ages 15-64 | 9.69 new registrations per 1,000 people ages 15-64 | 12.96 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 Upper middle income?
- Luxembourg, at 19.61 new registrations per 1,000 people ages 15-64 against 9.26 new registrations per 1,000 people ages 15-64 in Upper middle income as of 2024.
- What is the difference in new business density between Luxembourg and Upper middle income?
- 10.35 new registrations per 1,000 people ages 15-64, with Luxembourg ahead.
- How many years of comparable data are there for Luxembourg and Upper middle income?
- 17 years are reported by both, from 2008 to 2024.
- How do Luxembourg and Upper middle income rank globally for new business density?
- Luxembourg ranks 7th and Upper middle income ranks 6th 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.