New businesses registered (number) in Iceland
Iceland: New businesses registered was 2,925 number in 2024. ▲ Rising
New businesses registered in Iceland, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
In 2024, new businesses registered in Iceland stood at 2,925 number.
That represents a change of down 5.4% on the previous year and up 41.8% over ten years.
Over the whole period, new businesses registered in Iceland peaked at 3,699 number in 2007 and was at its lowest, 1,639 number, in 2010.
That places Iceland 131st out of 177 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
New businesses registered in Iceland, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 3,234 number | — |
| 2007 | 3,699 number | +14.4% |
| 2008 | 2,598 number | -29.8% |
| 2009 | 2,651 number | +2.0% |
| 2010 | 1,639 number | -38.2% |
| 2011 | 1,715 number | +4.6% |
| 2012 | 1,781 number | +3.8% |
| 2013 | 1,963 number | +10.2% |
| 2014 | 2,063 number | +5.1% |
| 2015 | 2,385 number | +15.6% |
| 2016 | 2,683 number | +12.5% |
| 2017 | 2,588 number | -3.5% |
| 2018 | 2,312 number | -10.7% |
| 2019 | 2,215 number | -4.2% |
| 2020 | 2,502 number | +13.0% |
| 2021 | 3,231 number | +29.1% |
| 2022 | 3,052 number | -5.5% |
| 2023 | 3,093 number | +1.3% |
| 2024 | 2,925 number | -5.4% |
Iceland compared with similar countries
- Iceland's 2,925 number is below the median for high income countries, which is 19,050 number, 15% of the median. (63 countries reporting)
- Iceland's 2,925 number is below the median for Europe & Central Asia, which is 19,136 number, 15% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3,046 number | 2,598 number | 3,699 number | 4 |
| 2010s | 2,134 number | 1,639 number | 2,683 number | 10 |
| 2020s | 2,961 number | 2,502 number | 3,231 number | 5 |
Countries ranked near Iceland
More private sector data for Iceland
- Merchandise trade 46.9% (2025)
- Food imports 11.1% (2025)
- Manufactures imports 71.1% (2025)
- Merchandise imports 10.94 billion current US$ (2025)
- Food exports 46.9% (2025)
- Manufactures exports 14.0% (2025)
- Merchandise exports 7.17 billion current US$ (2025)
- Merchandise exports (current US$), per capita 18,264 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1858 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.33 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Iceland?
- New businesses registered in Iceland was 2,925 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Iceland?
- The highest recorded value was 3,699 number in 2007.
- What is the lowest new businesses registered recorded in Iceland?
- The lowest recorded value was 1,639 number in 2010.
- How does Iceland rank for new businesses registered?
- Iceland ranks 131st out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Iceland?
- Over the last ten years it is up 41.8%. The long-run trend across the full record is rising.
- Where does this Iceland 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.