Zambia—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #98 of 159Updated August 2026
Latest Value
20 years
2019
YoY Change
-15.3%
2013 → 2019
Global Rank
#98
of 159 countries
Maximum
48 years
2007
Minimum
20 years
2019
CAGR
-7.1%
3 years
Last
20 years
Previous
24 years
Highest
48 years
Lowest
20 years
Source
World Bank World Development Indicators
Zambia's average firm age (years) was 20 years in 2019, ranking #98 out of 159 countries. This represents a -15.3% change from 2013. Over the past 3 years, the highest recorded value was 48 years (2007) and the lowest was 20 years (2019). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2019 | 20 years | -15.3% |
| 2013 | 24 years | -51.1% |
| 2007 | 48 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.