New business density in Luxembourg
Luxembourg: New business density was 19.61 new registrations per 1,000 people ages 15-64 in 2024. ▬ Flat
Latest (2024)
19.61 new registrations per 1,000 people ages 15-64
Change on year
up 5.1%
World rank
7th
of 177 countries
All-time high
28.49 new registrations per 1,000 people ages 15-64
in 2021
All-time low
18.65 new registrations per 1,000 people ages 15-64
in 2023
Years of data
17
2008–2024
New business density in Luxembourg, 2008–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Luxembourg recorded 19.61 new registrations per 1,000 people ages 15-64 for new business density in 2024.
Compared with earlier readings it is up 5.1% on the previous year and down 25.3% over ten years.
Over the whole period, new business density in Luxembourg peaked at 28.49 new registrations per 1,000 people ages 15-64 in 2021 and was at its lowest, 18.65 new registrations per 1,000 people ages 15-64, in 2023.
That places Luxembourg 7th out of 177 countries with data for 2024, putting it in the top 10%.
New business density in Luxembourg, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2008 | 26.49 new registrations per 1,000 people ages 15-64 | — |
| 2009 | 18.79 new registrations per 1,000 people ages 15-64 | -29.1% |
| 2010 | 20.9 new registrations per 1,000 people ages 15-64 | +11.2% |
| 2011 | 22.07 new registrations per 1,000 people ages 15-64 | +5.6% |
| 2012 | 21.47 new registrations per 1,000 people ages 15-64 | -2.7% |
| 2013 | 24.43 new registrations per 1,000 people ages 15-64 | +13.8% |
| 2014 | 26.26 new registrations per 1,000 people ages 15-64 | +7.5% |
| 2015 | 23.7 new registrations per 1,000 people ages 15-64 | -9.7% |
| 2016 | 21.23 new registrations per 1,000 people ages 15-64 | -10.4% |
| 2017 | 21.57 new registrations per 1,000 people ages 15-64 | +1.6% |
| 2018 | 23.45 new registrations per 1,000 people ages 15-64 | +8.7% |
| 2019 | 22.8 new registrations per 1,000 people ages 15-64 | -2.8% |
| 2020 | 21.95 new registrations per 1,000 people ages 15-64 | -3.7% |
| 2021 | 28.49 new registrations per 1,000 people ages 15-64 | +29.8% |
| 2022 | 24.51 new registrations per 1,000 people ages 15-64 | -13.9% |
| 2023 | 18.65 new registrations per 1,000 people ages 15-64 | -23.9% |
| 2024 | 19.61 new registrations per 1,000 people ages 15-64 | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.64 new registrations per 1,000 people ages 15-64 | 18.79 new registrations per 1,000 people ages 15-64 | 26.49 new registrations per 1,000 people ages 15-64 | 2 |
| 2010s | 22.79 new registrations per 1,000 people ages 15-64 | 20.9 new registrations per 1,000 people ages 15-64 | 26.26 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 22.64 new registrations per 1,000 people ages 15-64 | 18.65 new registrations per 1,000 people ages 15-64 | 28.49 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Luxembourg
- 4 Estonia 26.76 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
- 8 United Kingdom of Great Britain and Northern Ireland 19.19 new registrations per 1,000 people ages 15-64 compare
- 9 Saint Kitts and Nevis 18.72 new registrations per 1,000 people ages 15-64 compare
- 10 Australia 18.06 new registrations per 1,000 people ages 15-64 compare
More private sector data for Luxembourg
- Merchandise trade 46.0% (2025)
- Food imports 14.8% (2024)
- Manufactures imports 65.2% (2024)
- Merchandise imports 28.17 billion current US$ (2025)
- Food exports 11.8% (2024)
- Manufactures exports 80.4% (2024)
- Merchandise exports 18.39 billion current US$ (2025)
- Merchandise exports (current US$), per capita 26,770 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1818 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 13.54 % change on previous year (2025)
Frequently asked questions
- What is new business density in Luxembourg?
- New business density in Luxembourg was 19.61 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 Luxembourg?
- The highest recorded value was 28.49 new registrations per 1,000 people ages 15-64 in 2021.
- What is the lowest new business density recorded in Luxembourg?
- The lowest recorded value was 18.65 new registrations per 1,000 people ages 15-64 in 2023.
- How does Luxembourg rank for new business density?
- Luxembourg ranks 7th out of 177 countries with data for 2024.
- Is new business density rising or falling in Luxembourg?
- Over the last ten years it is down 25.3%. The long-run trend across the full record is flat.
- Where does this Luxembourg 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.