Guatemala—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #10 of 159Updated August 2026
Latest Value
38 years
2017
YoY Change
-8.7%
2010 → 2017
Global Rank
#10
of 159 countries
Maximum
75 years
2006
Minimum
38 years
2017
CAGR
-6.1%
3 years
Last
38 years
Previous
41 years
Highest
75 years
Lowest
38 years
Source
World Bank World Development Indicators
Guatemala's average firm age (years) was 38 years in 2017, ranking #10 out of 159 countries. This represents a -8.7% change from 2010. Over the past 3 years, the highest recorded value was 75 years (2006) and the lowest was 38 years (2017). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2017 | 38 years | -8.7% |
| 2010 | 41 years | -45.5% |
| 2006 | 75 years |
Top Countries — Average Firm Age (years)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Korea, Rep. | 193 years | 2024 |
| 2 | Uruguay | 167 years | 2024 |
| 3 | Belgium | 134 years | 2025 |
| 4 | Peru | 118 years | 2023 |
| 5 | Netherlands | 115 years | 2025 |
| 6 | Tunisia | 111 years | 2024 |
| 7 | Suriname | 99 years | 2025 |
| 8 | Chile | 85 years | 2025 |
| 9 | Benin | 78 years | 2024 |
| 10 | Guatemala | 74 years | 2025 |
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.