Slovak Republic—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #14 of 116Updated April 2026
Latest Value
58 years
2023
YoY Change
+146.1%
2019 → 2023
Global Rank
#14
of 116 countries
Maximum
58 years
2023
Minimum
24 years
2019
CAGR
+4.3%
4 years
Last
58 years
Previous
24 years
Highest
58 years
Lowest
24 years
Source
World Bank World Development Indicators
Slovak Republic's average firm age (years) was 58 years in 2023, ranking #14 out of 116 countries. This represents a +146.1% change from 2019. Over the past 4 years, the highest recorded value was 58 years (2023) and the lowest was 24 years (2019). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 58 years | +146.1% |
| 2019 | 24 years | -32.7% |
| 2013 | 35 years | +8.9% |
| 2009 | 32 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.