Timor-Leste—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #45 of 116Updated May 2026
Latest Value
23 years
2021
YoY Change
+33.8%
2015 → 2021
Global Rank
#45
of 116 countries
Maximum
23 years
2021
Minimum
17 years
2009
CAGR
+2.7%
3 years
Last
23 years
Previous
17 years
Highest
23 years
Lowest
17 years
Source
World Bank World Development Indicators
Timor-Leste's average firm age (years) was 23 years in 2021, ranking #45 out of 116 countries. This represents a +33.8% change from 2015. Over the past 3 years, the highest recorded value was 23 years (2021) and the lowest was 17 years (2009). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2021 | 23 years | +33.8% |
| 2015 | 17 years | +3.4% |
| 2009 | 17 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.