New business density in Georgia
Georgia: New business density was 7.62 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
7.62 new registrations per 1,000 people ages 15-64
Change on year
down 5.3%
World rank
33rd
of 177 countries
All-time high
10.63 new registrations per 1,000 people ages 15-64
in 2017
All-time low
2.38 new registrations per 1,000 people ages 15-64
in 2006
Years of data
19
2006–2024
New business density in Georgia, 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 Georgia stood at 7.62 new registrations per 1,000 people ages 15-64.
Compared with earlier readings it is down 5.3% on the previous year and up 3.9% over ten years.
Over the whole period, new business density in Georgia peaked at 10.63 new registrations per 1,000 people ages 15-64 in 2017 and was at its lowest, 2.38 new registrations per 1,000 people ages 15-64, in 2006.
That places Georgia 33rd out of 177 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Georgia, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 2.38 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 2.99 new registrations per 1,000 people ages 15-64 | +25.6% |
| 2008 | 3.38 new registrations per 1,000 people ages 15-64 | +13.0% |
| 2009 | 3.02 new registrations per 1,000 people ages 15-64 | -10.6% |
| 2010 | 4.41 new registrations per 1,000 people ages 15-64 | +46.0% |
| 2011 | 5.57 new registrations per 1,000 people ages 15-64 | +26.2% |
| 2012 | 5.97 new registrations per 1,000 people ages 15-64 | +7.2% |
| 2013 | 7.13 new registrations per 1,000 people ages 15-64 | +19.3% |
| 2014 | 7.33 new registrations per 1,000 people ages 15-64 | +2.8% |
| 2015 | 7.88 new registrations per 1,000 people ages 15-64 | +7.5% |
| 2016 | 8.93 new registrations per 1,000 people ages 15-64 | +13.4% |
| 2017 | 10.63 new registrations per 1,000 people ages 15-64 | +19.0% |
| 2018 | 10.56 new registrations per 1,000 people ages 15-64 | -0.6% |
| 2019 | 9.56 new registrations per 1,000 people ages 15-64 | -9.5% |
| 2020 | 7.59 new registrations per 1,000 people ages 15-64 | -20.6% |
| 2021 | 9.16 new registrations per 1,000 people ages 15-64 | +20.6% |
| 2022 | 8.55 new registrations per 1,000 people ages 15-64 | -6.6% |
| 2023 | 8.04 new registrations per 1,000 people ages 15-64 | -6.0% |
| 2024 | 7.62 new registrations per 1,000 people ages 15-64 | -5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.94 new registrations per 1,000 people ages 15-64 | 2.38 new registrations per 1,000 people ages 15-64 | 3.38 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 7.8 new registrations per 1,000 people ages 15-64 | 4.41 new registrations per 1,000 people ages 15-64 | 10.63 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 8.19 new registrations per 1,000 people ages 15-64 | 7.59 new registrations per 1,000 people ages 15-64 | 9.16 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Georgia
- 30 Côte d'Ivoire 8.28 new registrations per 1,000 people ages 15-64 compare
- 31 Mongolia 8.26 new registrations per 1,000 people ages 15-64 compare
- 32 Barbados 8.11 new registrations per 1,000 people ages 15-64 compare
- 34 Romania 7.47 new registrations per 1,000 people ages 15-64 compare
- 35 Sweden 7.08 new registrations per 1,000 people ages 15-64 compare
- 36 Latvia 7.02 new registrations per 1,000 people ages 15-64 compare
More private sector data for Georgia
- Merchandise trade 67.7% (2025)
- Food imports 12.5% (2024)
- Manufactures imports 72.4% (2024)
- Merchandise imports 18.53 billion current US$ (2025)
- Food exports 45.9% (2024)
- Manufactures exports 33.7% (2024)
- Merchandise exports 7.29 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,852 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1911 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 11.16 % change on previous year (2025)
Frequently asked questions
- What is new business density in Georgia?
- New business density in Georgia was 7.62 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 Georgia?
- The highest recorded value was 10.63 new registrations per 1,000 people ages 15-64 in 2017.
- What is the lowest new business density recorded in Georgia?
- The lowest recorded value was 2.38 new registrations per 1,000 people ages 15-64 in 2006.
- How does Georgia rank for new business density?
- Georgia ranks 33rd out of 177 countries with data for 2024.
- Is new business density rising or falling in Georgia?
- Over the last ten years it is up 3.9%. The long-run trend across the full record is rising.
- Where does this Georgia 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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CSV · JSON — 19 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.