Armenia—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #54 of 116Updated April 2026
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
Armenia's average firm age (years) was 19 years in 2024, ranking #54 out of 116 countries. This represents a +168.5% change from 2020. Over the past 4 years, the highest recorded value was 20 years (2009) and the lowest was 7 years (2020). Data sourced from the 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.