Timely indicators of entrepreneurship by enterprise characteristics in Michigan
Michigan: Timely indicators of entrepreneurship by enterprise characteristics was 25.04 million Enterprises in 2024. ▲ Rising
Timely indicators of entrepreneurship by enterprise characteristics in Michigan, 1994–2024
Source: Organisation for Economic Co-operation and Development. Measured in Enterprises.
Analysis
Michigan recorded 25.04 million Enterprises for timely indicators of entrepreneurship by enterprise characteristics in 2024.
Compared with earlier readings it is down 9.4% on the previous year and up 30.4% over ten years.
Over the whole period, timely indicators of entrepreneurship by enterprise characteristics in Michigan peaked at 29.76 million Enterprises in 2021 and was at its lowest, 17.08 million Enterprises, in 2010.
That places Michigan 15th out of 155 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 31 years of available data.
Timely indicators of entrepreneurship by enterprise characteristics in Michigan, year by year
| Year | Enterprises | Change |
|---|---|---|
| 1994 | 22.29 million Enterprises | — |
| 1995 | 23.88 million Enterprises | +7.1% |
| 1996 | 24.43 million Enterprises | +2.3% |
| 1997 | 19.76 million Enterprises | -19.1% |
| 1998 | 21.66 million Enterprises | +9.6% |
| 1999 | 21.16 million Enterprises | -2.3% |
| 2000 | 26.12 million Enterprises | +23.4% |
| 2001 | 21.14 million Enterprises | -19.1% |
| 2002 | 23.77 million Enterprises | +12.5% |
| 2003 | 22.42 million Enterprises | -5.7% |
| 2004 | 23.20 million Enterprises | +3.5% |
| 2005 | 23.02 million Enterprises | -0.8% |
| 2006 | 21.26 million Enterprises | -7.6% |
| 2007 | 20.23 million Enterprises | -4.9% |
| 2008 | 19.55 million Enterprises | -3.3% |
| 2009 | 17.59 million Enterprises | -10.0% |
| 2010 | 17.08 million Enterprises | -2.9% |
| 2011 | 18.34 million Enterprises | +7.4% |
| 2012 | 17.31 million Enterprises | -5.6% |
| 2013 | 19.43 million Enterprises | +12.3% |
| 2014 | 19.20 million Enterprises | -1.2% |
| 2015 | 17.85 million Enterprises | -7.1% |
| 2016 | 17.87 million Enterprises | +0.1% |
| 2017 | 17.86 million Enterprises | -0.1% |
| 2018 | 19.76 million Enterprises | +10.7% |
| 2019 | 20.39 million Enterprises | +3.2% |
| 2020 | 24.60 million Enterprises | +20.6% |
| 2021 | 29.76 million Enterprises | +21.0% |
| 2022 | 28.82 million Enterprises | -3.2% |
| 2023 | 27.65 million Enterprises | -4.1% |
| 2024 | 25.04 million Enterprises | -9.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.20 million Enterprises | 19.76 million Enterprises | 24.43 million Enterprises | 6 |
| 2000s | 21.83 million Enterprises | 17.59 million Enterprises | 26.12 million Enterprises | 10 |
| 2010s | 18.51 million Enterprises | 17.08 million Enterprises | 20.39 million Enterprises | 10 |
| 2020s | 27.17 million Enterprises | 24.60 million Enterprises | 29.76 million Enterprises | 5 |
Countries ranked near Michigan
More economy & growth data for Michigan
- Timely indicators of entrepreneurship by enterprise characteristics 47.04 million Enterprises (2024)
- Timely indicators of entrepreneurship by enterprise characteristics 47.04 million Enterprises (2024)
- Timely indicators of entrepreneurship by enterprise characteristics 25.04 million Enterprises (2024)
Frequently asked questions
- What is timely indicators of entrepreneurship by enterprise characteristics in Michigan?
- Timely indicators of entrepreneurship by enterprise characteristics in Michigan was 25.04 million Enterprises in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest timely indicators of entrepreneurship by enterprise characteristics recorded in Michigan?
- The highest recorded value was 29.76 million Enterprises in 2021.
- What is the lowest timely indicators of entrepreneurship by enterprise characteristics recorded in Michigan?
- The lowest recorded value was 17.08 million Enterprises in 2010.
- How does Michigan rank for timely indicators of entrepreneurship by enterprise characteristics?
- Michigan ranks 15th out of 155 groups with data for 2024.
- Is timely indicators of entrepreneurship by enterprise characteristics rising or falling in Michigan?
- Over the last ten years it is up 30.4%. The long-run trend across the full record is rising.
- Where does this Michigan data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Timely indicators of entrepreneurship by enterprise characteristics — Business entries. Statizoid updates them automatically from the source API.
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About this data
Timely Indicators of Entrepreneurship have become integral part of business statistics offering of most OECD member countries and beyond. It supplements more complete annual datasets (e.g. Business Demography, Structural Business Statistics by Size class) with more timely monthly or quarterly information on a limited number of indicators.Data are broken down whenever available byeconomic activity according to International Standard Industrial Classification, Revision 4 (ISIC Rev.4): ISIC Rev. 4 at the level of sections (letters) and higher aggregates, most often covering the total economy, geographic area at country and TL2 level of the OECD Territorial grids, legal form into three main groups: Limited liability (LL), Partnership (PA) and Sole proprietorship (SP). With very few exceptions, series are not seasonally or calendar adjusted, so care should be taken in interpreting sub-annual changes. Timely Indicators of Entrepreneurship provide valuable information to policy makers and researchers on most recent trends in business dynamics.Related datasets:Employer Business Demography Statistics,Business Demography Statistics,Structural Business Statistics by Size Class.