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China—Average Firm Age (years)

Category: Private SectorSource: World Bank World Development IndicatorsGlobal Rank: #102 of 116
Latest Value
6 years
2024
YoY Change
-76.4%
2012 → 2024
Global Rank
#102
of 116 countries
Maximum
27 years
2012
Minimum
6 years
2024
CAGR
-11.3%
2 years
Last
6 years
Previous
27 years
Highest
27 years
Lowest
6 years
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators

Historical Data

YearValueChange
20246 years-76.4%
201227 years

Top Countries — Average Firm Age (years)

#CountryValueYear
1Korea, Rep.193 years2024
2Uruguay167 years2024
3Belgium146 years2024
4Germany122 years2021
5Peru118 years2023
6Tunisia111 years2024
7France110 years2021
8Austria96 years2021
9Benin78 years2024
10Czechia74 years2024
View all 116 countries →

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 →