New businesses registered in Georgia

Georgia: New businesses registered was 17,783 number in 2024. ▲ Rising

Latest (2024)
17,783 number
Change on year
down 6.4%
World rank
68th
of 176 countries
All-time high
25,911 number
in 2017
All-time low
6,141 number
in 2006
Years of data
19
2006–2024

New businesses registered in Georgia, 2006–2024

5.0k10.0k15.0k20.0k25.0k2006201520242006: 6.1k number2007: 7.7k number2008: 8.7k number2009: 7.8k number2010: 11.3k number2011: 14.2k number2012: 15.1k number2013: 17.9k number2014: 18.3k number2015: 19.5k number2016: 21.9k number2017: 25.9k number2018: 25.6k number2019: 22.9k number2020: 18.1k number2021: 21.7k number2022: 20.2k number2023: 19.0k number2024: 17.8k number

Source: Entrepreneurship Database, World Bank (WB). Measured in number.

Analysis

In 2024, new businesses registered in Georgia stood at 17,783 number.

Compared with earlier readings it is down 6.4% on the previous year and down 2.6% over ten years.

Over the whole period, new businesses registered in Georgia peaked at 25,911 number in 2017 and was at its lowest, 6,141 number, in 2006.

Georgia ranks 68th of 176 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.

Averages by decade

DecadeAverage LowestHighest Years
2000s 7,593 number 6,141 number 8,738 number 4
2010s 19,249 number 11,314 number 25,911 number 10
2020s 19,364 number 17,783 number 21,680 number 5

Countries ranked near Georgia

  1. 65 Mongolia 18,238 number compare
  2. 66 Zambia 18,109 number compare
  3. 67 Switzerland 18,034 number compare
  4. 69 Israel 17,470 number compare
  5. 70 Sri Lanka 17,447 number compare
  6. 71 Greece 16,000 number compare

See the full ranking of 176 places →

More private sector data for Georgia

All data for Georgia →

Frequently asked questions

What is new businesses registered in Georgia?
New businesses registered in Georgia was 17,783 number in 2024, according to Entrepreneurship Database, World Bank (WB).
What is the highest new businesses registered recorded in Georgia?
The highest recorded value was 25,911 number in 2017.
What is the lowest new businesses registered recorded in Georgia?
The lowest recorded value was 6,141 number in 2006.
How does Georgia rank for new businesses registered?
Georgia ranks 68th out of 176 countries with data for 2024.
Is new businesses registered rising or falling in Georgia?
Over the last ten years it is down 2.6%. The long-run trend across the full record is rising.
Where does this Georgia 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

Indicator
New businesses registered (number)
Unit
number
Source
Entrepreneurship Database, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
176 places, 2,895 data points, 2006–2024
Last refreshed

New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.