Liechtenstein: New businesses registered (number)

Key figures

What the numbers say

In 2024, Liechtenstein's new businesses registered (number) fell 4.2% on 2023 (from 425 to 407).

Across the 15 yearly changes before that (2009 to 2023), the average change was +38.8% and a typical year strayed about 75% from that (the standard deviation). This year's change was 0.6 standard deviations below 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 273.5% in 2017 and the biggest yearly fall was 53.3% in 2009. 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 56.88 a year. A straight line explains 75% 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, Liechtenstein had the 118th 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 Liechtenstein in the 2024 ranking

• St. Kitts and Nevis — 115th of 127: 619
• Guinea-Bissau — 116th of 127: 598
• West Bank and Gaza — 117th of 127: 525
• Comoros — 119th of 127: 387
• Seychelles — 120th of 127: 370
• Antigua and Barbuda — 121st of 127: 275

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 17 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)
• Czechia — 29,877 (2024)

More private sector & trade data for Liechtenstein

• International tourism, number of arrivals — 58,400 (2020)
• New business density (new registrations per 1,000 people ages 15-64) — 15.57 (2024)

Every indicator for Liechtenstein is on the Liechtenstein data page.

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 Liechtenstein's new businesses registered (number)?

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

How has it changed since 2008?

It is up 2,613% from 15 in 2008 (22.91% a year on average, compounded). The highest value was 536 in 2021 and the lowest 7 in 2009.

How does Liechtenstein rank?

118th highest of 127 economies with data for 2024.

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

In 2024, Liechtenstein's new businesses registered (number) fell 4.2% on 2023 (from 425 to 407). Across the 15 yearly changes before that (2009 to 2023), the average change was +38.8% and a typical year strayed about 75% from that (the standard deviation). This year's change was 0.6 standard deviations below 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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