New businesses registered in Latvia
Latvia: New businesses registered was 8,218 number in 2024. ▼ Falling
New businesses registered in Latvia, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
Latvia recorded 8,218 number for new businesses registered in 2024.
That represents a change of up 5.5% on the previous year and down 41.5% over ten years.
Over the whole period, new businesses registered in Latvia peaked at 16,941 number in 2011 and was at its lowest, 7,253 number, in 2009.
That places Latvia 94th out of 176 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9,935 number | 7,253 number | 12,061 number | 4 |
| 2010s | 12,616 number | 9,405 number | 16,941 number | 10 |
| 2020s | 8,143 number | 7,792 number | 8,521 number | 5 |
Countries ranked near Latvia
More private sector data for Latvia
- Merchandise exports 22.12 billion current US$ (2025)
- Manufactures exports 54.2% (2025)
- Food exports 22.1% (2025)
- Merchandise imports 26.28 billion current US$ (2025)
- Manufactures imports 60.8% (2025)
- Food imports 17.9% (2025)
- Merchandise trade 99.6% (2025)
- Commercial service exports 9.28 billion current US$ (2025)
- Transport services 23.1% (2025)
- Computer, communications and other services 53.3% (2025)
Frequently asked questions
- What is new businesses registered in Latvia?
- New businesses registered in Latvia was 8,218 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Latvia?
- The highest recorded value was 16,941 number in 2011.
- What is the lowest new businesses registered recorded in Latvia?
- The lowest recorded value was 7,253 number in 2009.
- How does Latvia rank for new businesses registered?
- Latvia ranks 94th out of 176 countries with data for 2024.
- Is new businesses registered rising or falling in Latvia?
- Over the last ten years it is down 41.5%. The long-run trend across the full record is falling.
- Where does this Latvia 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.