New business density (new registrations per 1,000 people ages 15-64) in Turkey
Turkey: New business density (new registrations per 1,000 people ages 15-64) was 1.98 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
1.98 new registrations per 1,000 people ages 15-64
Change on year
down 10.5%
World rank
99th
of 177 countries
All-time high
2.46 new registrations per 1,000 people ages 15-64
in 2022
All-time low
0.835 new registrations per 1,000 people ages 15-64
in 2012
Years of data
19
2006–2024
New business density in Turkey, 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 Turkey stood at 1.98 new registrations per 1,000 people ages 15-64.
Compared with earlier readings it is down 10.5% on the previous year and up 71.0% over ten years.
Over the whole period, new business density in Turkey peaked at 2.46 new registrations per 1,000 people ages 15-64 in 2022 and was at its lowest, 0.835 new registrations per 1,000 people ages 15-64, in 2012.
Turkey ranks 99th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
New business density (new registrations per 1,000 people ages 15-64) in Turkey, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 1.17 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 1.23 new registrations per 1,000 people ages 15-64 | +5.3% |
| 2008 | 1.09 new registrations per 1,000 people ages 15-64 | -11.8% |
| 2009 | 0.9687 new registrations per 1,000 people ages 15-64 | -10.8% |
| 2010 | 1.1 new registrations per 1,000 people ages 15-64 | +13.9% |
| 2011 | 1.15 new registrations per 1,000 people ages 15-64 | +4.1% |
| 2012 | 0.835 new registrations per 1,000 people ages 15-64 | -27.3% |
| 2013 | 1.02 new registrations per 1,000 people ages 15-64 | +21.7% |
| 2014 | 1.16 new registrations per 1,000 people ages 15-64 | +13.7% |
| 2015 | 1.26 new registrations per 1,000 people ages 15-64 | +9.4% |
| 2016 | 1.19 new registrations per 1,000 people ages 15-64 | -5.8% |
| 2017 | 1.36 new registrations per 1,000 people ages 15-64 | +13.9% |
| 2018 | 1.54 new registrations per 1,000 people ages 15-64 | +13.5% |
| 2019 | 1.51 new registrations per 1,000 people ages 15-64 | -2.1% |
| 2020 | 1.78 new registrations per 1,000 people ages 15-64 | +18.1% |
| 2021 | 1.94 new registrations per 1,000 people ages 15-64 | +8.5% |
| 2022 | 2.46 new registrations per 1,000 people ages 15-64 | +27.0% |
| 2023 | 2.21 new registrations per 1,000 people ages 15-64 | -10.1% |
| 2024 | 1.98 new registrations per 1,000 people ages 15-64 | -10.5% |
Turkey compared with similar countries
- Turkey's 1.98 new registrations per 1,000 people ages 15-64 is below the median for upper middle income countries, which is 2.17 new registrations per 1,000 people ages 15-64, 91% of the median. (52 countries reporting)
- Turkey's 1.98 new registrations per 1,000 people ages 15-64 is below the median for Europe & Central Asia, which is 4.21 new registrations per 1,000 people ages 15-64, 47% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.11 new registrations per 1,000 people ages 15-64 | 0.9687 new registrations per 1,000 people ages 15-64 | 1.23 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 1.21 new registrations per 1,000 people ages 15-64 | 0.835 new registrations per 1,000 people ages 15-64 | 1.54 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 2.07 new registrations per 1,000 people ages 15-64 | 1.78 new registrations per 1,000 people ages 15-64 | 2.46 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Turkey
- 96 Cyprus 2.08 new registrations per 1,000 people ages 15-64 compare
- 97 Azerbaijan 2 new registrations per 1,000 people ages 15-64 compare
- 98 Vietnam 2 new registrations per 1,000 people ages 15-64 compare
- 100 Tunisia 1.82 new registrations per 1,000 people ages 15-64 compare
- 101 Oman 1.79 new registrations per 1,000 people ages 15-64 compare
- 102 Paraguay 1.76 new registrations per 1,000 people ages 15-64 compare
More private sector data for Turkey
- Merchandise trade 40.0% (2025)
- Food imports 7.0% (2025)
- Manufactures imports 60.5% (2025)
- Merchandise imports 365.37 billion current US$ (2025)
- Commercial service imports 58.00 billion current US$ (2025)
- Food exports 11.8% (2025)
- Manufactures exports 74.5% (2025)
- Merchandise exports 273.36 billion current US$ (2025)
- Commercial service exports 122.32 billion current US$ (2025)
- Merchandise exports (current US$), per capita 3,183 current US$ per person (2025)
Frequently asked questions
- What is new business density in Turkey?
- New business density in Turkey was 1.98 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 Turkey?
- The highest recorded value was 2.46 new registrations per 1,000 people ages 15-64 in 2022.
- What is the lowest new business density recorded in Turkey?
- The lowest recorded value was 0.835 new registrations per 1,000 people ages 15-64 in 2012.
- How does Turkey rank for new business density?
- Turkey ranks 99th out of 177 countries with data for 2024.
- Is new business density rising or falling in Turkey?
- Over the last ten years it is up 71.0%. The long-run trend across the full record is rising.
- Where does this Turkey 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.