Timely indicators of entrepreneurship by enterprise characteristics in Minnesota
Minnesota: Timely indicators of entrepreneurship by enterprise characteristics was 32.84 million Enterprises in 2024. ▲ Rising
Timely indicators of entrepreneurship by enterprise characteristics in Minnesota, 1993–2024
Source: Organisation for Economic Co-operation and Development. Measured in Enterprises.
Analysis
The most recent figure for timely indicators of entrepreneurship by enterprise characteristics in Minnesota is 32.84 million Enterprises, measured in 2024. That is the highest value across all 32 years on record.
The figure is up 15.3% on the previous year and up 29.4% over ten years.
Over the whole period, timely indicators of entrepreneurship by enterprise characteristics in Minnesota peaked at 32.84 million Enterprises in 2024 and was at its lowest, 18.99 million Enterprises, in 1993.
That places Minnesota 18th out of 130 groups with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Timely indicators of entrepreneurship by enterprise characteristics in Minnesota, year by year
| Year | Enterprises | Change |
|---|---|---|
| 1993 | 18.99 million Enterprises | — |
| 1994 | 21.44 million Enterprises | +12.9% |
| 1995 | 23.44 million Enterprises | +9.3% |
| 1996 | 25.65 million Enterprises | +9.4% |
| 1997 | 25.89 million Enterprises | +1.0% |
| 1998 | 25.87 million Enterprises | -0.1% |
| 1999 | 24.74 million Enterprises | -4.4% |
| 2000 | 25.95 million Enterprises | +4.9% |
| 2001 | 28.24 million Enterprises | +8.8% |
| 2002 | 25.46 million Enterprises | -9.9% |
| 2003 | 27.43 million Enterprises | +7.8% |
| 2004 | 28.81 million Enterprises | +5.0% |
| 2005 | 19.61 million Enterprises | -32.0% |
| 2006 | 24.70 million Enterprises | +26.0% |
| 2007 | 25.93 million Enterprises | +5.0% |
| 2008 | 30.84 million Enterprises | +18.9% |
| 2009 | 27.55 million Enterprises | -10.7% |
| 2010 | 26.67 million Enterprises | -3.2% |
| 2011 | 24.80 million Enterprises | -7.0% |
| 2012 | 25.75 million Enterprises | +3.8% |
| 2013 | 25.01 million Enterprises | -2.9% |
| 2014 | 25.37 million Enterprises | +1.4% |
| 2015 | 25.10 million Enterprises | -1.0% |
| 2016 | 26.20 million Enterprises | +4.4% |
| 2017 | 24.38 million Enterprises | -6.9% |
| 2018 | 26.12 million Enterprises | +7.1% |
| 2019 | 27.14 million Enterprises | +3.9% |
| 2020 | 31.55 million Enterprises | +16.2% |
| 2021 | 30.67 million Enterprises | -2.8% |
| 2022 | 32.54 million Enterprises | +6.1% |
| 2023 | 28.49 million Enterprises | -12.5% |
| 2024 | 32.84 million Enterprises | +15.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.72 million Enterprises | 18.99 million Enterprises | 25.89 million Enterprises | 7 |
| 2000s | 26.45 million Enterprises | 19.61 million Enterprises | 30.84 million Enterprises | 10 |
| 2010s | 25.66 million Enterprises | 24.38 million Enterprises | 27.14 million Enterprises | 10 |
| 2020s | 31.22 million Enterprises | 28.49 million Enterprises | 32.84 million Enterprises | 5 |
More economy & growth data for Minnesota
- Timely indicators of entrepreneurship by enterprise characteristics 17.17 million Enterprises (2024)
- Timely indicators of entrepreneurship by enterprise characteristics 32.84 million Enterprises (2024)
- Timely indicators of entrepreneurship by enterprise characteristics 17.17 million Enterprises (2024)
Frequently asked questions
- What is timely indicators of entrepreneurship by enterprise characteristics in Minnesota?
- Timely indicators of entrepreneurship by enterprise characteristics in Minnesota was 32.84 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 Minnesota?
- The highest recorded value was 32.84 million Enterprises in 2024.
- What is the lowest timely indicators of entrepreneurship by enterprise characteristics recorded in Minnesota?
- The lowest recorded value was 18.99 million Enterprises in 1993.
- How does Minnesota rank for timely indicators of entrepreneurship by enterprise characteristics?
- Minnesota ranks 18th out of 130 groups with data for 2024.
- Is timely indicators of entrepreneurship by enterprise characteristics rising or falling in Minnesota?
- Over the last ten years it is up 29.4%. The long-run trend across the full record is rising.
- Where does this Minnesota 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 exits. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under OECD Terms and Conditions (attribution required).
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.