Slovak Republic's new businesses registered (number) was 20,239 in 2024, the latest year in the World Bank's World Development Indicators. That is up 57.09% from 12,884 in 2014 (4.62% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 20,239 | 2024 |
| Five years earlier | 20,566 | 2019 |
| Ten years earlier | 12,884 | 2014 |
| Highest | 26,749 | 2013 |
| Lowest | 12,445 | 2015 |
| Average since 2015 | 19,057 | 2015–2024 |
| First recorded | 13,499 | 2006 |
What the numbers say
In 2024, Slovak Republic's new businesses registered (number) fell 5.7% on 2023 (from 21,457 to 20,239).
Across the 17 yearly changes before that (2007 to 2023), the average change was +5% and a typical year strayed about 20.1% from that (the standard deviation). This year's change was 0.5 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 45.2% in 2016 and the biggest yearly fall was 51.8% in 2014. 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 557.27 a year. A straight line explains 46% 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, Slovak Republic had the 51st 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 Slovak Republic in the 2024 ranking
- Costa Rica — 48th of 127: 22,333
- Botswana — 49th of 127: 21,456
- Finland — 50th of 127: 20,690
- Côte d'Ivoire — 52nd of 127: 20,143
- Ecuador — 53rd of 127: 19,317
- Mongolia — 54th of 127: 18,238
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 | 20,239 |
| 2023 | 21,457 |
| 2022 | 20,035 |
| 2021 | 19,255 |
| 2020 | 18,969 |
| 2019 | 20,566 |
| 2018 | 19,723 |
| 2017 | 19,813 |
| 2016 | 18,072 |
| 2015 | 12,445 |
| 2014 |
New businesses registered (number) in nearby economies
More private sector & trade data for Slovak Republic
- Merchandise trade (% of GDP) — 160.52% (2025)
- Merchandise imports (current US$) — US$122.6 billion (2025)
- Commercial service imports (current US$) — US$14.32 billion (2025)
- Merchandise exports (current US$) — US$125.44 billion (2025)
- Commercial service exports (current US$) — US$14.64 billion (2025)
- Agricultural raw materials imports (% of merchandise imports) — 0.93% (2025)
- Food imports (% of merchandise imports) — 7.24% (2025)
- Fuel imports (% of merchandise imports) — 7.26% (2025)
- Manufactures imports (% of merchandise imports) — 81.79% (2025)
Reading data like this
Questions people ask
- What is Slovak Republic's new businesses registered (number)?
- 20,239 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 49.93% from 13,499 in 2006 (2.28% a year on average, compounded). The highest value was 26,749 in 2013 and the lowest 12,445 in 2015.
- How does Slovak Republic rank?
- 51st highest of 127 economies with data for 2024.
- Is the latest change in new businesses registered (number) unusual for Slovak Republic?
- In 2024, Slovak Republic's new businesses registered (number) fell 5.7% on 2023 (from 21,457 to 20,239). Across the 17 yearly changes before that (2007 to 2023), the average change was +5% and a typical year strayed about 20.1% from that (the standard deviation). This year's change was 0.5 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in