Czechia: New businesses registered (number)

Key figures

What the numbers say

In 2024, Czechia's new businesses registered (number) rose 6.5% on 2023 (from 28,041 to 29,877).

Across the 17 yearly changes before that (2007 to 2023), the average change was +3.6% and a typical year strayed about 9% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 27.7% in 2007 and the biggest yearly fall was 9.5% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Czechia had the 38th highest value of the 127 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Czechia in the 2024 ranking

• Angola — 35th of 127: 30,956
• Norway — 36th of 127: 30,147
• Pakistan — 37th of 127: 30,004
• Uganda — 39th of 127: 29,330
• Ghana — 40th of 127: 28,529
• Denmark — 41st of 127: 25,969

What this measures

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

Limitations: The definition of entrepreneurship used is limited to the formal sector. Yet, it should be noted that the exclusion of the informal sector is based on the difficulties of quantifying the number of firms that compose it, rather than on its relevance for developing economies. Data collected from economies categorized as offshore financial centers by Eurostat are excluded from the analysis, because registered entities in these countries may not fit the objective of the Entrepreneurship Database aiming at measuring formally registered companies with actual economic activities.

All 19 values

New businesses registered (number) in nearby economies

• Albania — 4,126 (2024)
• Armenia — 8,381 (2024)
• Austria — 5,982 (2023)
• Azerbaijan — 14,215 (2024)
• Belarus — 7,820 (2022)
• Belgium — 39,772 (2023)
• Bosnia and Herzegovina — 3,369 (2024)
• Bulgaria — 42,783 (2024)
• Croatia — 14,324 (2024)
• Cyprus — 14,444 (2024)
• Denmark — 25,969 (2024)

More private sector & trade data for Czechia

• Merchandise trade (% of GDP) — 137.32% (2025)
• Agricultural raw materials imports (% of merchandise imports) — 0.94% (2025)
• Food imports (% of merchandise imports) — 7.05% (2025)
• Fuel imports (% of merchandise imports) — 5.34% (2025)
• Insurance and financial services (% of commercial service imports) — 6.13% (2025)
• Manufactures imports (% of merchandise imports) — 83.42% (2025)
• Ores and metals imports (% of merchandise imports) — 2.77% (2025)
• Merchandise imports (current US$) — US$253.34 billion (2025)
• Computer, communications and other services (% of commercial service imports)

Reading data like this

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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Czechia's new businesses registered (number)?

29,877 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 82.23% from 16,395 in 2006 (3.39% a year on average, compounded). The highest value was 31,195 in 2017 and the lowest 16,395 in 2006.

How does Czechia rank?

38th highest of 127 economies with data for 2024.

Is the latest change in new businesses registered (number) unusual for Czechia?

In 2024, Czechia's new businesses registered (number) rose 6.5% on 2023 (from 28,041 to 29,877). Across the 17 yearly changes before that (2007 to 2023), the average change was +3.6% and a typical year strayed about 9% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator IC.BUS.NREG, licensed CC BY 4.0. Original source: Entrepreneurship Database, World Bank (WB), uri: https://www.worldbank.org/en/programs/entrepreneurship Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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