Lithuania—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #127 of 159Updated August 2026
Latest Value
15 years
2019
YoY Change
-62.4%
2013 → 2019
Global Rank
#127
of 159 countries
Maximum
65 years
2009
Minimum
15 years
2019
CAGR
-8.5%
4 years
Last
15 years
Previous
39 years
Highest
65 years
Lowest
15 years
Source
World Bank World Development Indicators
Lithuania's average firm age (years) was 15 years in 2019, ranking #127 out of 159 countries. This represents a -62.4% change from 2013. Over the past 4 years, the highest recorded value was 65 years (2009) and the lowest was 15 years (2019). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2019 | 15 years | -62.4% |
| 2013 | 39 years | -40.0% |
| 2009 | 65 years | +17.9% |
| 2004 | 56 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.