New business density in Estonia
Estonia: New business density was 26.76 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
26.76 new registrations per 1,000 people ages 15-64
Change on year
up 7.7%
World rank
4th
of 177 countries
All-time high
29.41 new registrations per 1,000 people ages 15-64
in 2021
All-time low
9.08 new registrations per 1,000 people ages 15-64
in 2009
Years of data
19
2006–2024
New business density in Estonia, 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 Estonia stood at 26.76 new registrations per 1,000 people ages 15-64.
That represents a change of up 7.7% on the previous year and up 66.3% over ten years.
Over the whole period, new business density in Estonia peaked at 29.41 new registrations per 1,000 people ages 15-64 in 2021 and was at its lowest, 9.08 new registrations per 1,000 people ages 15-64, in 2009.
That places Estonia 4th out of 177 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Estonia, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 13.19 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 12.77 new registrations per 1,000 people ages 15-64 | -3.2% |
| 2008 | 10.68 new registrations per 1,000 people ages 15-64 | -16.4% |
| 2009 | 9.08 new registrations per 1,000 people ages 15-64 | -15.0% |
| 2010 | 10.28 new registrations per 1,000 people ages 15-64 | +13.2% |
| 2011 | 14.78 new registrations per 1,000 people ages 15-64 | +43.8% |
| 2012 | 15.36 new registrations per 1,000 people ages 15-64 | +4.0% |
| 2013 | 16.36 new registrations per 1,000 people ages 15-64 | +6.5% |
| 2014 | 16.09 new registrations per 1,000 people ages 15-64 | -1.6% |
| 2015 | 17.52 new registrations per 1,000 people ages 15-64 | +8.9% |
| 2016 | 19.48 new registrations per 1,000 people ages 15-64 | +11.2% |
| 2017 | 21.81 new registrations per 1,000 people ages 15-64 | +12.0% |
| 2018 | 23.59 new registrations per 1,000 people ages 15-64 | +8.2% |
| 2019 | 24.74 new registrations per 1,000 people ages 15-64 | +4.8% |
| 2020 | 24.13 new registrations per 1,000 people ages 15-64 | -2.4% |
| 2021 | 29.41 new registrations per 1,000 people ages 15-64 | +21.9% |
| 2022 | 24.2 new registrations per 1,000 people ages 15-64 | -17.7% |
| 2023 | 24.85 new registrations per 1,000 people ages 15-64 | +2.7% |
| 2024 | 26.76 new registrations per 1,000 people ages 15-64 | +7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.43 new registrations per 1,000 people ages 15-64 | 9.08 new registrations per 1,000 people ages 15-64 | 13.19 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 18 new registrations per 1,000 people ages 15-64 | 10.28 new registrations per 1,000 people ages 15-64 | 24.74 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 25.87 new registrations per 1,000 people ages 15-64 | 24.13 new registrations per 1,000 people ages 15-64 | 29.41 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Estonia
- 1 Cayman Islands 201 new registrations per 1,000 people ages 15-64 compare
- 2 Isle of Man 33.58 new registrations per 1,000 people ages 15-64 compare
- 3 Hong Kong, China 28.85 new registrations per 1,000 people ages 15-64 compare
- 5 Cape Verde 21.76 new registrations per 1,000 people ages 15-64 compare
- 6 United States Virgin Islands 19.96 new registrations per 1,000 people ages 15-64 compare
- 7 Luxembourg 19.61 new registrations per 1,000 people ages 15-64 compare
More private sector data for Estonia
- Merchandise trade 98.4% (2025)
- Food imports 14.2% (2024)
- Manufactures imports 67.0% (2024)
- Merchandise imports 25.30 billion current US$ (2025)
- Food exports 13.6% (2024)
- Manufactures exports 64.4% (2024)
- Merchandise exports 20.98 billion current US$ (2025)
- Merchandise exports (current US$), per capita 15,353 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.4461 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 11.63 % change on previous year (2025)
Frequently asked questions
- What is new business density in Estonia?
- New business density in Estonia was 26.76 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 Estonia?
- The highest recorded value was 29.41 new registrations per 1,000 people ages 15-64 in 2021.
- What is the lowest new business density recorded in Estonia?
- The lowest recorded value was 9.08 new registrations per 1,000 people ages 15-64 in 2009.
- How does Estonia rank for new business density?
- Estonia ranks 4th out of 177 countries with data for 2024.
- Is new business density rising or falling in Estonia?
- Over the last ten years it is up 66.3%. The long-run trend across the full record is rising.
- Where does this Estonia 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.