Sweden's new businesses registered (number) was 46,622 in 2024, the latest year in the World Bank's World Development Indicators. That is up 10.83% from 42,068 in 2014 (1.03% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 46,622 | 2024 |
| Five years earlier | 46,377 | 2019 |
| Ten years earlier | 42,068 | 2014 |
| Highest | 62,778 | 2021 |
| Lowest | 23,894 | 2006 |
| Average since 2015 | 51,257 | 2015–2024 |
| First recorded | 23,894 | 2006 |
What the numbers say
In 2024, Sweden's new businesses registered (number) fell 5.7% on 2023 (from 49,445 to 46,622).
Across the 17 yearly changes before that (2007 to 2023), the average change was +5.4% and a typical year strayed about 15.5% from that (the standard deviation). This year's change was 0.7 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 42.5% in 2010 and the biggest yearly fall was 17.9% in 2023. 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 13% 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, Sweden had the 29th 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 Sweden in the 2024 ranking
- Poland — 26th of 127: 56,520
- New Zealand — 27th of 127: 55,417
- Singapore — 28th of 127: 52,248
- Ethiopia — 30th of 127: 46,274
- Bulgaria — 31st of 127: 42,783
- Kazakhstan — 32nd of 127: 42,707
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 | 46,622 |
| 2023 | 49,445 |
| 2022 | 60,215 |
| 2021 | 62,778 |
| 2020 | 57,682 |
| 2019 | 46,377 |
| 2018 | 45,590 |
| 2017 | 48,543 |
| 2016 | 49,751 |
| 2015 | 45,568 |
| 2014 |
New businesses registered (number) in nearby economies
More private sector & trade data for Sweden
- Merchandise trade (% of GDP) — 61.18% (2025)
- Merchandise imports (current US$) — US$200.98 billion (2025)
- Merchandise exports (current US$) — US$208.33 billion (2025)
- Agricultural raw materials imports (% of merchandise imports) — 1.23% (2025)
- Food imports (% of merchandise imports) — 11.72% (2025)
- Fuel imports (% of merchandise imports) — 8.26% (2025)
- Manufactures imports (% of merchandise imports) — 69.77% (2025)
- Ores and metals imports (% of merchandise imports) — 3.88% (2025)
- Merchandise imports from economies in the Arab World (% of total merchandise imports) — 0.83% (2023)
Reading data like this
Questions people ask
- What is Sweden's new businesses registered (number)?
- 46,622 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 95.12% from 23,894 in 2006 (3.78% a year on average, compounded). The highest value was 62,778 in 2021 and the lowest 23,894 in 2006.
- How does Sweden rank?
- 29th highest of 127 economies with data for 2024.
- Is the latest change in new businesses registered (number) unusual for Sweden?
- In 2024, Sweden's new businesses registered (number) fell 5.7% on 2023 (from 49,445 to 46,622). Across the 17 yearly changes before that (2007 to 2023), the average change was +5.4% and a typical year strayed about 15.5% from that (the standard deviation). This year's change was 0.7 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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