New businesses registered (number) in Armenia
Armenia: New businesses registered was 8,381 number in 2024. ◆ Volatile
New businesses registered in Armenia, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
Armenia recorded 8,381 number for new businesses registered in 2024.
The figure is down 16.8% on the previous year and up 164.6% over ten years.
Over the whole period, new businesses registered in Armenia peaked at 11,723 number in 2022 and was at its lowest, 2,474 number, in 2006.
That places Armenia 93rd out of 177 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
New businesses registered in Armenia, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 2,474 number | — |
| 2007 | 3,290 number | +33.0% |
| 2008 | 3,344 number | +1.6% |
| 2009 | 2,575 number | -23.0% |
| 2010 | 2,527 number | -1.9% |
| 2011 | 2,640 number | +4.5% |
| 2012 | 3,190 number | +20.8% |
| 2013 | 3,180 number | -0.3% |
| 2014 | 3,168 number | -0.4% |
| 2015 | 3,493 number | +10.3% |
| 2016 | 3,510 number | +0.5% |
| 2017 | 4,443 number | +26.6% |
| 2018 | 6,137 number | +38.1% |
| 2019 | 6,877 number | +12.1% |
| 2020 | 5,700 number | -17.1% |
| 2021 | 6,768 number | +18.7% |
| 2022 | 11,723 number | +73.2% |
| 2023 | 10,075 number | -14.1% |
| 2024 | 8,381 number | -16.8% |
Armenia compared with similar countries
- Armenia's 8,381 number is below the median for upper middle income countries, which is 8,806 number, 95% of the median. (52 countries reporting)
- Armenia's 8,381 number is below the median for Europe & Central Asia, which is 19,136 number, 44% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,921 number | 2,474 number | 3,344 number | 4 |
| 2010s | 3,916 number | 2,527 number | 6,877 number | 10 |
| 2020s | 8,529 number | 5,700 number | 11,723 number | 5 |
Countries ranked near Armenia
More private sector data for Armenia
- Merchandise trade 73.3% (2025)
- Food imports 8.4% (2024)
- Manufactures imports 43.4% (2024)
- Merchandise imports 13.04 billion current US$ (2025)
- Food exports 9.4% (2024)
- Manufactures exports 29.5% (2024)
- Merchandise exports 8.39 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,720 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2871 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -35.88 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Armenia?
- New businesses registered in Armenia was 8,381 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Armenia?
- The highest recorded value was 11,723 number in 2022.
- What is the lowest new businesses registered recorded in Armenia?
- The lowest recorded value was 2,474 number in 2006.
- How does Armenia rank for new businesses registered?
- Armenia ranks 93rd out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Armenia?
- Over the last ten years it is up 164.6%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New businesses registered (number). Statizoid updates them automatically from the source API.
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About this data
New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.