New business density in Hungary
Hungary: New business density was 3.83 new registrations per 1,000 people ages 15-64 in 2024. ▼ Falling
Latest (2024)
3.83 new registrations per 1,000 people ages 15-64
Change on year
down 5.1%
World rank
63rd
of 177 countries
All-time high
7.69 new registrations per 1,000 people ages 15-64
in 2011
All-time low
3.21 new registrations per 1,000 people ages 15-64
in 2006
Years of data
19
2006–2024
New business density in Hungary, 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 Hungary stood at 3.83 new registrations per 1,000 people ages 15-64.
Compared with earlier readings it is down 5.1% on the previous year and up 2.2% over ten years.
Over the whole period, new business density in Hungary peaked at 7.69 new registrations per 1,000 people ages 15-64 in 2011 and was at its lowest, 3.21 new registrations per 1,000 people ages 15-64, in 2006.
Hungary ranks 63rd of 177 countries on this measure, 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 Hungary, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 3.21 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 3.99 new registrations per 1,000 people ages 15-64 | +24.2% |
| 2008 | 6.37 new registrations per 1,000 people ages 15-64 | +59.8% |
| 2009 | 6.15 new registrations per 1,000 people ages 15-64 | -3.6% |
| 2010 | 6.5 new registrations per 1,000 people ages 15-64 | +5.7% |
| 2011 | 7.69 new registrations per 1,000 people ages 15-64 | +18.4% |
| 2012 | 4.81 new registrations per 1,000 people ages 15-64 | -37.5% |
| 2013 | 4.25 new registrations per 1,000 people ages 15-64 | -11.7% |
| 2014 | 3.75 new registrations per 1,000 people ages 15-64 | -11.6% |
| 2015 | 3.29 new registrations per 1,000 people ages 15-64 | -12.3% |
| 2016 | 3.52 new registrations per 1,000 people ages 15-64 | +7.0% |
| 2017 | 3.62 new registrations per 1,000 people ages 15-64 | +2.9% |
| 2018 | 3.89 new registrations per 1,000 people ages 15-64 | +7.3% |
| 2019 | 4.09 new registrations per 1,000 people ages 15-64 | +5.3% |
| 2020 | 4.17 new registrations per 1,000 people ages 15-64 | +2.0% |
| 2021 | 5.02 new registrations per 1,000 people ages 15-64 | +20.4% |
| 2022 | 4.49 new registrations per 1,000 people ages 15-64 | -10.7% |
| 2023 | 4.04 new registrations per 1,000 people ages 15-64 | -9.9% |
| 2024 | 3.83 new registrations per 1,000 people ages 15-64 | -5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.93 new registrations per 1,000 people ages 15-64 | 3.21 new registrations per 1,000 people ages 15-64 | 6.37 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 4.54 new registrations per 1,000 people ages 15-64 | 3.29 new registrations per 1,000 people ages 15-64 | 7.69 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 4.31 new registrations per 1,000 people ages 15-64 | 3.83 new registrations per 1,000 people ages 15-64 | 5.02 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Hungary
- 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
- 62 Armenia 4.12 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
- 66 Republic of Korea 3.51 new registrations per 1,000 people ages 15-64 compare
More private sector data for Hungary
- Merchandise trade 133.1% (2025)
- Food imports 7.0% (2025)
- Manufactures imports 72.5% (2025)
- Merchandise imports 159.20 billion current US$ (2025)
- Food exports 8.6% (2025)
- Manufactures exports 80.4% (2025)
- Merchandise exports 168.84 billion current US$ (2025)
- Merchandise exports (current US$), per capita 17,746 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.685 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.01 % change on previous year (2025)
Frequently asked questions
- What is new business density in Hungary?
- New business density in Hungary was 3.83 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 Hungary?
- The highest recorded value was 7.69 new registrations per 1,000 people ages 15-64 in 2011.
- What is the lowest new business density recorded in Hungary?
- The lowest recorded value was 3.21 new registrations per 1,000 people ages 15-64 in 2006.
- How does Hungary rank for new business density?
- Hungary ranks 63rd out of 177 countries with data for 2024.
- Is new business density rising or falling in Hungary?
- Over the last ten years it is up 2.2%. The long-run trend across the full record is falling.
- Where does this Hungary 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 — 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.