New business density in Armenia
Armenia: New business density was 4.12 new registrations per 1,000 people ages 15-64 in 2024. ◆ Volatile
New business density in Armenia, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
The most recent figure for new business density in Armenia is 4.12 new registrations per 1,000 people ages 15-64, measured in 2024.
Compared with earlier readings it is down 18.5% on the previous year and up 171.8% over ten years.
Over the whole period, new business density in Armenia peaked at 5.87 new registrations per 1,000 people ages 15-64 in 2022 and was at its lowest, 1.16 new registrations per 1,000 people ages 15-64, in 2006.
That places Armenia 62nd out of 177 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
New business density in Armenia, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 1.16 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 1.54 new registrations per 1,000 people ages 15-64 | +32.6% |
| 2008 | 1.56 new registrations per 1,000 people ages 15-64 | +1.5% |
| 2009 | 1.2 new registrations per 1,000 people ages 15-64 | -22.9% |
| 2010 | 1.19 new registrations per 1,000 people ages 15-64 | -1.4% |
| 2011 | 1.25 new registrations per 1,000 people ages 15-64 | +5.0% |
| 2012 | 1.51 new registrations per 1,000 people ages 15-64 | +21.2% |
| 2013 | 1.51 new registrations per 1,000 people ages 15-64 | +0.1% |
| 2014 | 1.52 new registrations per 1,000 people ages 15-64 | +0.3% |
| 2015 | 1.69 new registrations per 1,000 people ages 15-64 | +11.2% |
| 2016 | 1.71 new registrations per 1,000 people ages 15-64 | +1.5% |
| 2017 | 2.19 new registrations per 1,000 people ages 15-64 | +27.9% |
| 2018 | 3.05 new registrations per 1,000 people ages 15-64 | +39.2% |
| 2019 | 3.43 new registrations per 1,000 people ages 15-64 | +12.6% |
| 2020 | 2.85 new registrations per 1,000 people ages 15-64 | -16.9% |
| 2021 | 3.39 new registrations per 1,000 people ages 15-64 | +18.9% |
| 2022 | 5.87 new registrations per 1,000 people ages 15-64 | +73.1% |
| 2023 | 5.05 new registrations per 1,000 people ages 15-64 | -13.9% |
| 2024 | 4.12 new registrations per 1,000 people ages 15-64 | -18.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.36 new registrations per 1,000 people ages 15-64 | 1.16 new registrations per 1,000 people ages 15-64 | 1.56 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 1.9 new registrations per 1,000 people ages 15-64 | 1.19 new registrations per 1,000 people ages 15-64 | 3.43 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 4.26 new registrations per 1,000 people ages 15-64 | 2.85 new registrations per 1,000 people ages 15-64 | 5.87 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Armenia
- 59 Czechia 4.31 new registrations per 1,000 people ages 15-64 compare
- 60 Seychelles 4.26 new registrations per 1,000 people ages 15-64 compare
- 61 Antigua and Barbuda 4.16 new registrations per 1,000 people ages 15-64 compare
- 63 Hungary 3.83 new registrations per 1,000 people ages 15-64 compare
- 64 Dominica 3.73 new registrations per 1,000 people ages 15-64 compare
- 65 Spain 3.67 new registrations per 1,000 people ages 15-64 compare
More private sector data for Armenia
- Merchandise trade 73.3% (2025)
- Food imports 8.4% (2024)
- Manufactures imports 43.4% (2024)
- Merchandise imports 13.04 billion current US$ (2025)
- Food exports 9.4% (2024)
- Manufactures exports 29.5% (2024)
- Merchandise exports 8.39 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,720 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2871 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -35.88 % change on previous year (2025)
Frequently asked questions
- What is new business density in Armenia?
- New business density in Armenia was 4.12 new registrations per 1,000 people ages 15-64 in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Armenia?
- The highest recorded value was 5.87 new registrations per 1,000 people ages 15-64 in 2022.
- What is the lowest new business density recorded in Armenia?
- The lowest recorded value was 1.16 new registrations per 1,000 people ages 15-64 in 2006.
- How does Armenia rank for new business density?
- Armenia ranks 62nd out of 177 countries with data for 2024.
- Is new business density rising or falling in Armenia?
- Over the last ten years it is up 171.8%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New business density (new registrations per 1,000 people ages 15-64). Statizoid updates them automatically from the source API.
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About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.