New business density in Azerbaijan
Azerbaijan: New business density was 2 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
2 new registrations per 1,000 people ages 15-64
Change on year
down 9.3%
World rank
97th
of 177 countries
All-time high
2.24 new registrations per 1,000 people ages 15-64
in 2019
All-time low
0.5447 new registrations per 1,000 people ages 15-64
in 2010
Years of data
17
2008–2024
New business density in Azerbaijan, 2008–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Azerbaijan recorded 2 new registrations per 1,000 people ages 15-64 for new business density in 2024.
The figure is down 9.3% on the previous year and up 99.7% over ten years.
Over the whole period, new business density in Azerbaijan peaked at 2.24 new registrations per 1,000 people ages 15-64 in 2019 and was at its lowest, 0.5447 new registrations per 1,000 people ages 15-64, in 2010.
Azerbaijan ranks 97th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
New business density in Azerbaijan, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2008 | 0.9961 new registrations per 1,000 people ages 15-64 | — |
| 2009 | 0.7338 new registrations per 1,000 people ages 15-64 | -26.3% |
| 2010 | 0.5447 new registrations per 1,000 people ages 15-64 | -25.8% |
| 2011 | 0.6312 new registrations per 1,000 people ages 15-64 | +15.9% |
| 2012 | 0.696 new registrations per 1,000 people ages 15-64 | +10.3% |
| 2013 | 1.06 new registrations per 1,000 people ages 15-64 | +52.7% |
| 2014 | 1 new registrations per 1,000 people ages 15-64 | -5.7% |
| 2015 | 0.7628 new registrations per 1,000 people ages 15-64 | -23.9% |
| 2016 | 1.05 new registrations per 1,000 people ages 15-64 | +38.0% |
| 2017 | 1.6 new registrations per 1,000 people ages 15-64 | +52.4% |
| 2018 | 1.67 new registrations per 1,000 people ages 15-64 | +4.2% |
| 2019 | 2.24 new registrations per 1,000 people ages 15-64 | +34.0% |
| 2020 | 1.3 new registrations per 1,000 people ages 15-64 | -41.9% |
| 2021 | 1.63 new registrations per 1,000 people ages 15-64 | +25.3% |
| 2022 | 2.19 new registrations per 1,000 people ages 15-64 | +34.4% |
| 2023 | 2.21 new registrations per 1,000 people ages 15-64 | +0.6% |
| 2024 | 2 new registrations per 1,000 people ages 15-64 | -9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8649 new registrations per 1,000 people ages 15-64 | 0.7338 new registrations per 1,000 people ages 15-64 | 0.9961 new registrations per 1,000 people ages 15-64 | 2 |
| 2010s | 1.13 new registrations per 1,000 people ages 15-64 | 0.5447 new registrations per 1,000 people ages 15-64 | 2.24 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 1.87 new registrations per 1,000 people ages 15-64 | 1.3 new registrations per 1,000 people ages 15-64 | 2.21 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Azerbaijan
- 94 Lithuania 2.13 new registrations per 1,000 people ages 15-64 compare
- 95 Serbia 2.12 new registrations per 1,000 people ages 15-64 compare
- 96 Cyprus 2.08 new registrations per 1,000 people ages 15-64 compare
- 98 Viet Nam 2 new registrations per 1,000 people ages 15-64 compare
- 99 Türkiye 1.98 new registrations per 1,000 people ages 15-64 compare
- 100 Tunisia 1.82 new registrations per 1,000 people ages 15-64 compare
More private sector data for Azerbaijan
- Merchandise trade 65.1% (2025)
- Food imports 12.4% (2025)
- Manufactures imports 53.0% (2025)
- Merchandise imports 24.38 billion current US$ (2025)
- Food exports 5.2% (2025)
- Manufactures exports 5.3% (2025)
- Merchandise exports 25.04 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,444 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3298 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -5.69 % change on previous year (2025)
Frequently asked questions
- What is new business density in Azerbaijan?
- New business density in Azerbaijan was 2 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 Azerbaijan?
- The highest recorded value was 2.24 new registrations per 1,000 people ages 15-64 in 2019.
- What is the lowest new business density recorded in Azerbaijan?
- The lowest recorded value was 0.5447 new registrations per 1,000 people ages 15-64 in 2010.
- How does Azerbaijan rank for new business density?
- Azerbaijan ranks 97th out of 177 countries with data for 2024.
- Is new business density rising or falling in Azerbaijan?
- Over the last ten years it is up 99.7%. The long-run trend across the full record is rising.
- Where does this Azerbaijan 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.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.