Timely indicators of entrepreneurship by enterprise characteristics in Virginia

Virginia: Timely indicators of entrepreneurship by enterprise characteristics was 50.83 million Enterprises in 2024. ▲ Rising

Latest (2024)
50.83 million Enterprises
Change on year
down 6.8%
Rank
9th
of 130 groups
All-time high
59.36 million Enterprises
in 2022
All-time low
21.39 million Enterprises
in 1993
Years of data
32
1993–2024

Timely indicators of entrepreneurship by enterprise characteristics in Virginia, 1993–2024

020.0M40.0M60.0M1993200820241993: 21.4M Enterprises1994: 24.5M Enterprises1995: 27.0M Enterprises1996: 29.4M Enterprises1997: 26.6M Enterprises1998: 29.8M Enterprises1999: 29.8M Enterprises2000: 28.8M Enterprises2001: 29.7M Enterprises2002: 29.0M Enterprises2003: 28.4M Enterprises2004: 27.9M Enterprises2005: 31.4M Enterprises2006: 33.0M Enterprises2007: 36.6M Enterprises2008: 40.8M Enterprises2009: 42.7M Enterprises2010: 40.4M Enterprises2011: 39.5M Enterprises2012: 39.8M Enterprises2013: 39.9M Enterprises2014: 39.0M Enterprises2015: 37.7M Enterprises2016: 50.8M Enterprises2017: 46.5M Enterprises2018: 45.2M Enterprises2019: 46.4M Enterprises2020: 53.6M Enterprises2021: 49.1M Enterprises2022: 59.4M Enterprises2023: 54.6M Enterprises2024: 50.8M Enterprises

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 Virginia is 50.83 million Enterprises, measured in 2024.

The figure is down 6.8% on the previous year and up 30.4% over ten years.

Over the whole period, timely indicators of entrepreneurship by enterprise characteristics in Virginia peaked at 59.36 million Enterprises in 2022 and was at its lowest, 21.39 million Enterprises, in 1993.

Virginia ranks 9th of 130 groups on this measure, in the top 10%.

The long-run direction has been consistently rising across the 32 years of available data.

Timely indicators of entrepreneurship by enterprise characteristics in Virginia, year by year

Annual values for Timely indicators of entrepreneurship by enterprise characteristics — Business exits in Virginia, 1993 to 2024.
Year Enterprises Change
1993 21.39 million Enterprises
1994 24.50 million Enterprises +14.5%
1995 27.03 million Enterprises +10.3%
1996 29.43 million Enterprises +8.9%
1997 26.55 million Enterprises -9.8%
1998 29.83 million Enterprises +12.4%
1999 29.82 million Enterprises -0.0%
2000 28.84 million Enterprises -3.3%
2001 29.66 million Enterprises +2.8%
2002 28.97 million Enterprises -2.3%
2003 28.41 million Enterprises -1.9%
2004 27.93 million Enterprises -1.7%
2005 31.37 million Enterprises +12.3%
2006 32.97 million Enterprises +5.1%
2007 36.64 million Enterprises +11.1%
2008 40.75 million Enterprises +11.2%
2009 42.72 million Enterprises +4.8%
2010 40.44 million Enterprises -5.3%
2011 39.50 million Enterprises -2.3%
2012 39.83 million Enterprises +0.8%
2013 39.93 million Enterprises +0.3%
2014 38.98 million Enterprises -2.4%
2015 37.72 million Enterprises -3.2%
2016 50.77 million Enterprises +34.6%
2017 46.46 million Enterprises -8.5%
2018 45.20 million Enterprises -2.7%
2019 46.40 million Enterprises +2.7%
2020 53.59 million Enterprises +15.5%
2021 49.08 million Enterprises -8.4%
2022 59.36 million Enterprises +21.0%
2023 54.55 million Enterprises -8.1%
2024 50.83 million Enterprises -6.8%

Averages by decade

DecadeAverage LowestHighest Years
1990s 26.94 million Enterprises 21.39 million Enterprises 29.83 million Enterprises 7
2000s 32.83 million Enterprises 27.93 million Enterprises 42.72 million Enterprises 10
2010s 42.52 million Enterprises 37.72 million Enterprises 50.77 million Enterprises 10
2020s 53.48 million Enterprises 49.08 million Enterprises 59.36 million Enterprises 5

Countries ranked near Virginia

  1. 6 United States Virgin Islands 484,000 Enterprises compare
  2. 7 Italy 285,979 Enterprises compare
  3. 8 Belgium 101,181 Enterprises compare
  4. 9 Singapore 55,491 Enterprises compare
  5. 10 Finland 43,935 Enterprises compare
  6. 11 Spain 25,131 Enterprises compare

See the full ranking of 141 places →

More economy & growth data for Virginia

All data for Virginia →

Frequently asked questions

What is timely indicators of entrepreneurship by enterprise characteristics in Virginia?
Timely indicators of entrepreneurship by enterprise characteristics in Virginia was 50.83 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 Virginia?
The highest recorded value was 59.36 million Enterprises in 2022.
What is the lowest timely indicators of entrepreneurship by enterprise characteristics recorded in Virginia?
The lowest recorded value was 21.39 million Enterprises in 1993.
How does Virginia rank for timely indicators of entrepreneurship by enterprise characteristics?
Virginia ranks 9th out of 130 groups with data for 2024.
Is timely indicators of entrepreneurship by enterprise characteristics rising or falling in Virginia?
Over the last ten years it is up 30.4%. The long-run trend across the full record is rising.
Where does this Virginia 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.

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Timely indicators of entrepreneurship by enterprise characteristics in Virginia. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 09 September 2026, from https://economy.statizoid.com/stat/timely-indicators-of-entrepreneurship-by-enterprise-characteristics-business-exits/virginia/

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About this data

Indicator
Timely indicators of entrepreneurship by enterprise characteristics — Business exits
Unit
Enterprises
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
141 places, 3,185 data points, 1970–2024
Last refreshed

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.