New businesses registered (number) in Cyprus
Cyprus: New businesses registered was 14,444 number in 2024. ▼ Falling
New businesses registered in Cyprus, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
The most recent figure for new businesses registered in Cyprus is 14,444 number, measured in 2024.
Compared with earlier readings it is up 14.0% on the previous year and up 29.3% over ten years.
Over the whole period, new businesses registered in Cyprus peaked at 29,016 number in 2007 and was at its lowest, 10,847 number, in 2013.
Cyprus ranks 75th 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 businesses registered in Cyprus, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 20,280 number | — |
| 2007 | 29,016 number | +43.1% |
| 2008 | 24,453 number | -15.7% |
| 2009 | 16,101 number | -34.2% |
| 2010 | 19,278 number | +19.7% |
| 2011 | 19,538 number | +1.3% |
| 2012 | 17,999 number | -7.9% |
| 2013 | 10,847 number | -39.7% |
| 2014 | 11,169 number | +3.0% |
| 2015 | 11,270 number | +0.9% |
| 2016 | 13,645 number | +21.1% |
| 2017 | 13,677 number | +0.2% |
| 2018 | 14,526 number | +6.2% |
| 2019 | 12,781 number | -12.0% |
| 2020 | 11,053 number | -13.5% |
| 2021 | 12,604 number | +14.0% |
| 2022 | 12,583 number | -0.2% |
| 2023 | 12,674 number | +0.7% |
| 2024 | 14,444 number | +14.0% |
Cyprus compared with similar countries
- Cyprus's 14,444 number is below the median for high income countries, which is 19,050 number, 76% of the median. (63 countries reporting)
- Cyprus's 14,444 number is below the median for Europe & Central Asia, which is 19,136 number, 75% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22,462 number | 16,101 number | 29,016 number | 4 |
| 2010s | 14,473 number | 10,847 number | 19,538 number | 10 |
| 2020s | 12,672 number | 11,053 number | 14,444 number | 5 |
Countries ranked near Cyprus
More private sector data for Cyprus
- Merchandise trade 52.1% (2025)
- Food imports 15.3% (2024)
- Manufactures imports 59.4% (2024)
- Merchandise imports 15.29 billion current US$ (2025)
- Food exports 22.5% (2024)
- Manufactures exports 22.2% (2024)
- Merchandise exports 6.19 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,513 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1501 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 11.94 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Cyprus?
- New businesses registered in Cyprus was 14,444 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Cyprus?
- The highest recorded value was 29,016 number in 2007.
- What is the lowest new businesses registered recorded in Cyprus?
- The lowest recorded value was 10,847 number in 2013.
- How does Cyprus rank for new businesses registered?
- Cyprus ranks 75th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Cyprus?
- Over the last ten years it is up 29.3%. The long-run trend across the full record is falling.
- Where does this Cyprus 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 — 19 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.