New business density in North Macedonia
North Macedonia: New business density was 5.18 new registrations per 1,000 people ages 15-64 in 2024. ▼ Falling
Latest (2024)
5.18 new registrations per 1,000 people ages 15-64
Change on year
down 2.0%
World rank
50th
of 177 countries
All-time high
7.35 new registrations per 1,000 people ages 15-64
in 2007
All-time low
3.96 new registrations per 1,000 people ages 15-64
in 2014
Years of data
19
2006–2024
New business density in North Macedonia, 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 North Macedonia stood at 5.18 new registrations per 1,000 people ages 15-64.
Compared with earlier readings it is down 2.0% on the previous year and up 30.7% over ten years.
Over the whole period, new business density in North Macedonia peaked at 7.35 new registrations per 1,000 people ages 15-64 in 2007 and was at its lowest, 3.96 new registrations per 1,000 people ages 15-64, in 2014.
North Macedonia ranks 50th 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 North Macedonia, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 5.87 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 7.35 new registrations per 1,000 people ages 15-64 | +25.4% |
| 2008 | 7.19 new registrations per 1,000 people ages 15-64 | -2.2% |
| 2009 | 5.99 new registrations per 1,000 people ages 15-64 | -16.7% |
| 2010 | 5 new registrations per 1,000 people ages 15-64 | -16.5% |
| 2011 | 4.49 new registrations per 1,000 people ages 15-64 | -10.2% |
| 2012 | 4.04 new registrations per 1,000 people ages 15-64 | -10.1% |
| 2013 | 4.11 new registrations per 1,000 people ages 15-64 | +1.8% |
| 2014 | 3.96 new registrations per 1,000 people ages 15-64 | -3.6% |
| 2015 | 4.41 new registrations per 1,000 people ages 15-64 | +11.4% |
| 2016 | 4.36 new registrations per 1,000 people ages 15-64 | -1.1% |
| 2017 | 4.21 new registrations per 1,000 people ages 15-64 | -3.5% |
| 2018 | 4.13 new registrations per 1,000 people ages 15-64 | -1.8% |
| 2019 | 4.52 new registrations per 1,000 people ages 15-64 | +9.3% |
| 2020 | 4.27 new registrations per 1,000 people ages 15-64 | -5.6% |
| 2021 | 5.32 new registrations per 1,000 people ages 15-64 | +24.7% |
| 2022 | 5.38 new registrations per 1,000 people ages 15-64 | +1.1% |
| 2023 | 5.28 new registrations per 1,000 people ages 15-64 | -1.8% |
| 2024 | 5.18 new registrations per 1,000 people ages 15-64 | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.6 new registrations per 1,000 people ages 15-64 | 5.87 new registrations per 1,000 people ages 15-64 | 7.35 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 4.32 new registrations per 1,000 people ages 15-64 | 3.96 new registrations per 1,000 people ages 15-64 | 5 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 5.08 new registrations per 1,000 people ages 15-64 | 4.27 new registrations per 1,000 people ages 15-64 | 5.38 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near North Macedonia
- 47 Saudi Arabia 5.46 new registrations per 1,000 people ages 15-64 compare
- 48 Puerto Rico 5.33 new registrations per 1,000 people ages 15-64 compare
- 49 Belgium 5.31 new registrations per 1,000 people ages 15-64 compare
- 51 Canada 5.17 new registrations per 1,000 people ages 15-64 compare
- 52 Peru 4.9 new registrations per 1,000 people ages 15-64 compare
- 53 Republic of Moldova 4.89 new registrations per 1,000 people ages 15-64 compare
More private sector data for North Macedonia
- Merchandise trade 115.8% (2025)
- Food imports 11.7% (2024)
- Manufactures imports 64.5% (2024)
- Merchandise imports 13.06 billion current US$ (2025)
- Food exports 10.6% (2024)
- Manufactures exports 80.6% (2024)
- Merchandise exports 9.06 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,973 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.4741 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.53 % change on previous year (2025)
Frequently asked questions
- What is new business density in North Macedonia?
- New business density in North Macedonia was 5.18 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 North Macedonia?
- The highest recorded value was 7.35 new registrations per 1,000 people ages 15-64 in 2007.
- What is the lowest new business density recorded in North Macedonia?
- The lowest recorded value was 3.96 new registrations per 1,000 people ages 15-64 in 2014.
- How does North Macedonia rank for new business density?
- North Macedonia ranks 50th out of 177 countries with data for 2024.
- Is new business density rising or falling in North Macedonia?
- Over the last ten years it is up 30.7%. The long-run trend across the full record is falling.
- Where does this North Macedonia 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.