Kyrgyz Republic's new businesses registered (number) was 9,638 in 2024, the latest year in the World Bank's World Development Indicators. That is up 335.32% from 2,214 in 2014 (15.85% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 9,638 | 2024 |
| Five years earlier | 3,453 | 2019 |
| Ten years earlier | 2,214 | 2014 |
| Highest | 9,638 | 2024 |
| Lowest | 528 | 2008 |
| Average since 2015 | 4,321 | 2015–2024 |
| First recorded | 1,491 | 2006 |
What the numbers say
In 2024, Kyrgyz Republic's new businesses registered (number) rose 24% on 2023 (from 7,772 to 9,638).
Across the 17 yearly changes before that (2007 to 2023), the average change was +20.2% and a typical year strayed about 55.6% from that (the standard deviation). This year's change was 0.1 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 208.1% in 2009 and the biggest yearly fall was 69.5% in 2008. 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 the straight-line trend is upward, about 706.25 a year. A straight line explains 73% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Kyrgyz Republic had the 70th 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 Kyrgyz Republic in the 2024 ranking
- Guatemala — 67th of 127: 11,909
- Cayman Islands — 68th of 127: 11,197
- Burkina Faso — 69th of 127: 10,046
- Luxembourg — 71st of 127: 9,137
- Kosovo — 72nd of 127: 8,824
- Serbia — 73rd of 127: 8,788
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
| Year | New businesses registered (number) |
|---|---|
| 2024 | 9,638 |
| 2023 | 7,772 |
| 2022 | 5,430 |
| 2021 | 3,497 |
| 2020 | 2,655 |
| 2019 | 3,453 |
| 2018 | 3,246 |
| 2017 | 2,770 |
| 2016 | 2,454 |
| 2015 | 2,299 |
| 2014 |
New businesses registered (number) in nearby economies
More private sector & trade data for Kyrgyz Republic
- Merchandise trade (% of GDP) — 69.95% (2025)
- Merchandise imports (current US$) — US$12.97 billion (2025)
- Merchandise exports (current US$) — US$2.85 billion (2025)
- Insurance and financial services (% of commercial service imports) — 11.72% (2024)
- Merchandise imports from high-income economies (% of total merchandise imports) — 38.34% (2023)
- Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 45.51% (2023)
- Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) — 43.86% (2023)
Reading data like this
Questions people ask
- What is Kyrgyz Republic's new businesses registered (number)?
- 9,638 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 546.41% from 1,491 in 2006 (10.92% a year on average, compounded). The highest value was 9,638 in 2024 and the lowest 528 in 2008.
- How does Kyrgyz Republic rank?
- 70th highest of 127 economies with data for 2024.
- Is the latest change in new businesses registered (number) unusual for Kyrgyz Republic?
- In 2024, Kyrgyz Republic's new businesses registered (number) rose 24% on 2023 (from 7,772 to 9,638). Across the 17 yearly changes before that (2007 to 2023), the average change was +20.2% and a typical year strayed about 55.6% from that (the standard deviation). This year's change was 0.1 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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