Armenia—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development IndicatorsGlobal Rank: #54 of 116
Latest Value
19 years
2024
YoY Change
+168.5%
2020 → 2024
Global Rank
#54
of 116 countries
Maximum
20 years
2009
Minimum
7 years
2020
CAGR
-0.2%
4 years
Last
19 years
Previous
7 years
Highest
20 years
Lowest
7 years
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 19 years | +168.5% |
| 2020 | 7 years | -63.9% |
| 2013 | 20 years | -0.3% |
| 2009 | 20 years |
Top Countries — Average Firm Age (years)
About This Indicator
Definition
The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.
Source: World Bank - World Development IndicatorsView original source →