Papua New Guinea—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #49 of 116Updated April 2026
Latest Value
21 years
2024
YoY Change
+2.2%
2015 → 2024
Global Rank
#49
of 116 countries
Maximum
21 years
2024
Minimum
21 years
2015
CAGR
+0.2%
2 years
Last
21 years
Previous
21 years
Highest
21 years
Lowest
21 years
Source
World Bank World Development Indicators
Papua New Guinea's average firm age (years) was 21 years in 2024, ranking #49 out of 116 countries. This represents a +2.2% change from 2015. Over the past 2 years, the highest recorded value was 21 years (2024) and the lowest was 21 years (2015). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 21 years | +2.2% |
| 2015 | 21 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.