New businesses registered (number) in Azerbaijan
Azerbaijan: New businesses registered was 14,215 number in 2024. ▲ Rising
New businesses registered in Azerbaijan, 2008–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
Azerbaijan recorded 14,215 number for new businesses registered in 2024.
Compared with earlier readings it is down 8.9% on the previous year and up 109.0% over ten years.
Over the whole period, new businesses registered in Azerbaijan peaked at 15,687 number in 2019 and was at its lowest, 3,541 number, in 2010.
Azerbaijan ranks 77th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
New businesses registered in Azerbaijan, year by year
| Year | number | Change |
|---|---|---|
| 2008 | 6,153 number | — |
| 2009 | 4,677 number | -24.0% |
| 2010 | 3,541 number | -24.3% |
| 2011 | 4,174 number | +17.9% |
| 2012 | 4,661 number | +11.7% |
| 2013 | 7,172 number | +53.9% |
| 2014 | 6,803 number | -5.1% |
| 2015 | 5,208 number | -23.4% |
| 2016 | 7,219 number | +38.6% |
| 2017 | 11,058 number | +53.2% |
| 2018 | 11,611 number | +5.0% |
| 2019 | 15,687 number | +35.1% |
| 2020 | 9,165 number | -41.6% |
| 2021 | 11,532 number | +25.8% |
| 2022 | 15,497 number | +34.4% |
| 2023 | 15,606 number | +0.7% |
| 2024 | 14,215 number | -8.9% |
Azerbaijan compared with similar countries
- Azerbaijan's 14,215 number is above the median for upper middle income countries, which is 8,806 number, 1.6× the median. (52 countries reporting)
- Azerbaijan's 14,215 number is below the median for Europe & Central Asia, which is 19,136 number, 74% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5,415 number | 4,677 number | 6,153 number | 2 |
| 2010s | 7,713 number | 3,541 number | 15,687 number | 10 |
| 2020s | 13,203 number | 9,165 number | 15,606 number | 5 |
Countries ranked near Azerbaijan
More private sector data for Azerbaijan
- Merchandise trade 65.1% (2025)
- Food imports 12.4% (2025)
- Manufactures imports 53.0% (2025)
- Merchandise imports 24.38 billion current US$ (2025)
- Food exports 5.2% (2025)
- Manufactures exports 5.3% (2025)
- Merchandise exports 25.04 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,444 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3298 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -5.69 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Azerbaijan?
- New businesses registered in Azerbaijan was 14,215 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Azerbaijan?
- The highest recorded value was 15,687 number in 2019.
- What is the lowest new businesses registered recorded in Azerbaijan?
- The lowest recorded value was 3,541 number in 2010.
- How does Azerbaijan rank for new businesses registered?
- Azerbaijan ranks 77th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Azerbaijan?
- Over the last ten years it is up 109.0%. The long-run trend across the full record is rising.
- Where does this Azerbaijan 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.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.