Russian Federation—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators
Latest Value
23 years
2019
YoY Change
-60.0%
2012 → 2019
Maximum
57 years
2009
Minimum
23 years
2019
CAGR
-8.9%
3 years
Last
23 years
Previous
56 years
Highest
57 years
Lowest
23 years
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2019 | 23 years | -60.0% |
| 2012 | 56 years | -1.9% |
| 2009 | 57 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 →