Georgia—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #98 of 116Updated April 2026
Latest Value
7 years
2023
YoY Change
+60.4%
2019 → 2023
Global Rank
#98
of 116 countries
Maximum
12 years
2008
Minimum
4 years
2019
CAGR
-3.3%
4 years
Last
7 years
Previous
4 years
Highest
12 years
Lowest
4 years
Source
World Bank World Development Indicators
Georgia's average firm age (years) was 7 years in 2023, ranking #98 out of 116 countries. This represents a +60.4% change from 2019. Over the past 4 years, the highest recorded value was 12 years (2008) and the lowest was 4 years (2019). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 7 years | +60.4% |
| 2019 | 4 years | -14.2% |
| 2013 | 5 years | -55.8% |
| 2008 | 12 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.