New business density in Cyprus
Cyprus: New business density was 2.08 new registrations per 1,000 people ages 15-64 in 2024. ▼ Falling
Latest (2024)
2.08 new registrations per 1,000 people ages 15-64
Change on year
up 13.8%
World rank
95th
of 176 countries
All-time high
3.95 new registrations per 1,000 people ages 15-64
in 2007
All-time low
1.52 new registrations per 1,000 people ages 15-64
in 2013
Years of data
19
2006–2024
New business density in Cyprus, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Cyprus stood at 2.08 new registrations per 1,000 people ages 15-64.
That represents a change of up 13.8% on the previous year and up 32.0% over ten years.
Over the whole period, new business density in Cyprus peaked at 3.95 new registrations per 1,000 people ages 15-64 in 2007 and was at its lowest, 1.52 new registrations per 1,000 people ages 15-64, in 2013.
That places Cyprus 95th out of 176 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
New business density in Cyprus, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 2.78 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 3.95 new registrations per 1,000 people ages 15-64 | +42.4% |
| 2008 | 3.32 new registrations per 1,000 people ages 15-64 | -16.1% |
| 2009 | 2.18 new registrations per 1,000 people ages 15-64 | -34.2% |
| 2010 | 2.62 new registrations per 1,000 people ages 15-64 | +20.2% |
| 2011 | 2.68 new registrations per 1,000 people ages 15-64 | +2.1% |
| 2012 | 2.49 new registrations per 1,000 people ages 15-64 | -7.0% |
| 2013 | 1.52 new registrations per 1,000 people ages 15-64 | -39.1% |
| 2014 | 1.58 new registrations per 1,000 people ages 15-64 | +3.9% |
| 2015 | 1.6 new registrations per 1,000 people ages 15-64 | +1.7% |
| 2016 | 1.96 new registrations per 1,000 people ages 15-64 | +22.1% |
| 2017 | 1.98 new registrations per 1,000 people ages 15-64 | +1.0% |
| 2018 | 2.11 new registrations per 1,000 people ages 15-64 | +6.8% |
| 2019 | 1.87 new registrations per 1,000 people ages 15-64 | -11.6% |
| 2020 | 1.62 new registrations per 1,000 people ages 15-64 | -13.1% |
| 2021 | 1.89 new registrations per 1,000 people ages 15-64 | +16.7% |
| 2022 | 1.86 new registrations per 1,000 people ages 15-64 | -1.9% |
| 2023 | 1.83 new registrations per 1,000 people ages 15-64 | -1.4% |
| 2024 | 2.08 new registrations per 1,000 people ages 15-64 | +13.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.06 new registrations per 1,000 people ages 15-64 | 2.18 new registrations per 1,000 people ages 15-64 | 3.95 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 2.04 new registrations per 1,000 people ages 15-64 | 1.52 new registrations per 1,000 people ages 15-64 | 2.68 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 1.86 new registrations per 1,000 people ages 15-64 | 1.62 new registrations per 1,000 people ages 15-64 | 2.08 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Cyprus
- 92 Kuwait 2.14 new registrations per 1,000 people ages 15-64 compare
- 93 Lithuania 2.13 new registrations per 1,000 people ages 15-64 compare
- 94 Serbia 2.12 new registrations per 1,000 people ages 15-64 compare
- 96 Azerbaijan 2 new registrations per 1,000 people ages 15-64 compare
- 97 Viet Nam 2 new registrations per 1,000 people ages 15-64 compare
- 98 Türkiye 1.98 new registrations per 1,000 people ages 15-64 compare
More private sector data for Cyprus
- Merchandise trade 52.1% (2025)
- Food imports 15.3% (2024)
- Manufactures imports 59.4% (2024)
- Merchandise imports 15.29 billion current US$ (2025)
- Food exports 22.5% (2024)
- Manufactures exports 22.2% (2024)
- Merchandise exports 6.19 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,513 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1501 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 11.94 % change on previous year (2025)
Frequently asked questions
- What is new business density in Cyprus?
- New business density in Cyprus was 2.08 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 Cyprus?
- The highest recorded value was 3.95 new registrations per 1,000 people ages 15-64 in 2007.
- What is the lowest new business density recorded in Cyprus?
- The lowest recorded value was 1.52 new registrations per 1,000 people ages 15-64 in 2013.
- How does Cyprus rank for new business density?
- Cyprus ranks 95th out of 176 countries with data for 2024.
- Is new business density rising or falling in Cyprus?
- Over the last ten years it is up 32.0%. The long-run trend across the full record is falling.
- Where does this Cyprus 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.