Business

New business density

How many new companies are registered per 1,000 people of working age.

Unit: per 1,000 people aged 15–64 Period: 2006–2024 Source: World Development Indicators (World Bank)
Average: 5.61 per 1,000 Countries: 183

The ranking uses the latest available value for each country — the year is shown in the row. The table spans 2009 to 2024.

New business density, 2009–2024

Top-20 · per 1,000 people aged 15–64

New business density, 2009–20240100200300Cayman IslandsCayman Islands: 201.01 per 1,000201.01Isle of ManIsle of Man: 33.58 per 1,00033.58Hong KongHong Kong: 28.85 per 1,00028.85EstoniaEstonia: 26.76 per 1,00026.76Turks and Caicos IslandsTurks and Caicos Islands: 23.74 per 1,00023.74Cabo VerdeCabo Verde: 21.76 per 1,00021.76United States Virgin Is…United States Virgin Islands: 19.96 per 1,00019.96LuxembourgLuxembourg: 19.61 per 1,00019.61United KingdomUnited Kingdom: 19.19 per 1,00019.19Saint Kitts and NevisSaint Kitts and Nevis: 18.72 per 1,00018.72AustraliaAustralia: 18.06 per 1,00018.06MontenegroMontenegro: 17.86 per 1,00017.86New ZealandNew Zealand: 16.05 per 1,00016.05ChinaChina: 15.59 per 1,00015.59LiechtensteinLiechtenstein: 15.57 per 1,00015.57NauruNauru: 15.23 per 1,00015.23CroatiaCroatia: 15.21 per 1,00015.21MauritiusMauritius: 13.98 per 1,00013.98BotswanaBotswana: 13.33 per 1,00013.33BelizeBelize: 13.01 per 1,00013.01
New business density — 2009–2024 Current breakdown Full series CSV XLSX JSON
# Year Subregion World rank
1 KY Cayman Islands 201.01 2024 1
2 IM Isle of Man 33.58 2024 2
3 HK Hong Kong 28.85 2024 3
4 EE Estonia 26.76 2024 4
5 TC Turks and Caicos Islands 23.74 2024 5
6 CV Cabo Verde 21.76 2024 6
7 VI United States Virgin Islands 19.96 2024 7
8 LU Luxembourg 19.61 2024 8
9 GB United Kingdom 19.19 2024 9
10 KN Saint Kitts and Nevis 18.72 2024 10
11 AU Australia 18.06 2024 11
12 ME Montenegro 17.86 2024 12
13 NZ New Zealand 16.05 2024 13
14 CN China 15.59 2024 14
15 LI Liechtenstein 15.57 2024 15
16 NR Nauru 15.23 2024 16
17 HR Croatia 15.21 2024 17
18 MU Mauritius 13.98 2024 18
19 BW Botswana 13.33 2024 19
20 BZ Belize 13.01 2024 20
21 SX Sint Maarten 12.49 2021 21
22 SG Singapore 11.59 2024 22
23 ZA South Africa 11.46 2024 23
24 PT Portugal 11 2024 24
25 IS Iceland 10.86 2024 25
26 BG Bulgaria 10.46 2024 26
27 CL Chile 9.09 2023 27
28 MT Malta 8.47 2024 28
29 XK Kosovo 8.35 2024 29
30 NO Norway 8.32 2024 30
31 CI Côte d'Ivoire 8.28 2024 31
32 MN Mongolia 8.26 2024 32
33 BB Barbados 8.11 2024 33
34 GE Georgia 7.62 2024 34
35 RO Romania 7.47 2024 35
36 SE Sweden 7.08 2024 36
37 LV Latvia 7.02 2024 37
38 DK Denmark 6.85 2024 38
39 FR France 6.82 2024 39
40 QA Qatar 6.77 2018 40
41 NA Namibia 6.74 2024 41
42 BR Brazil 6.67 2024 42
43 IE Ireland 6.65 2024 43
44 CR Costa Rica 6.31 2024 44
45 BH Bahrain 6.16 2024 45
46 FI Finland 5.97 2024 46
47 SK Slovakia 5.68 2024 47
48 SA Saudi Arabia 5.46 2024 48
49 PR Puerto Rico 5.33 2020 49
50 BE Belgium 5.31 2023 50
51 MK North Macedonia 5.18 2024 51
52 CA Canada 5.17 2022 52
53 PE Peru 4.9 2024 53
54 MD Moldova 4.89 2024 54
55 MV Maldives 4.85 2023 55
56 VC Saint Vincent and the Grenadines 4.66 2020 56
57 PA Panama 4.52 2022 57
58 TT Trinidad and Tobago 4.49 2020 58
59 SZ Eswatini 4.39 2024 59
60 CZ Czechia 4.31 2024 60
61 SC Seychelles 4.26 2024 61
62 AG Antigua and Barbuda 4.16 2024 62
63 AM Armenia 4.12 2024 63
64 HU Hungary 3.83 2024 64
65 DM Dominica 3.73 2024 65
66 ES Spain 3.67 2024 66
67 KR South Korea 3.51 2023 67
68 NL Netherlands 3.41 2022 68
69 KZ Kazakhstan 3.35 2024 69
70 UY Uruguay 3.23 2024 70
71 CH Switzerland 3.13 2022 71
72 IT Italy 3.09 2024 72
73 IL Israel 2.92 2024 73
74 GY Guyana 2.9 2024 74
75 UZ Uzbekistan 2.79 2024 75
76 SR Suriname 2.77 2022 76
77 ZW Zimbabwe 2.77 2024 77
78 GD Grenada 2.74 2020 78
79 RW Rwanda 2.72 2024 79
80 FJ Fiji 2.7 2024 80
81 MA Morocco 2.66 2024 81
82 SI Slovenia 2.62 2024 82
83 JM Jamaica 2.6 2024 83
84 AE United Arab Emirates 2.48 2020 84
85 GR Greece 2.45 2024 85
86 MY Malaysia 2.38 2024 86
87 PL Poland 2.38 2024 87
88 TL Timor-Leste 2.34 2022 88
89 AL Albania 2.29 2024 89
90 RU Russia 2.28 2024 90
91 CO Colombia 2.22 2024 91
92 ST Sao Tome and Principe 2.19 2020 92
93 KG Kyrgyzstan 2.15 2024 93
94 KW Kuwait 2.14 2024 94
95 LT Lithuania 2.13 2024 95
96 RS Serbia 2.12 2024 96
97 CY Cyprus 2.08 2024 97
98 AZ Azerbaijan 2 2024 98
99 VN Vietnam 2 2024 99
100 TR Türkiye 1.98 2024 100
101 TN Tunisia 1.82 2024 101
102 OM Oman 1.79 2020 102
103 PY Paraguay 1.76 2024 103
104 TH Thailand 1.75 2024 104
105 KE Kenya 1.73 2024 105
106 UA Ukraine 1.65 2017 106
107 BA Bosnia and Herzegovina 1.64 2024 107
108 EC Ecuador 1.59 2024 108
109 VU Vanuatu 1.58 2018 109
110 GA Gabon 1.57 2024 110
111 LA Laos 1.57 2024 111
112 AO Angola 1.55 2024 112
113 ZM Zambia 1.5 2024 113
114 LS Lesotho 1.47 2020 114
115 DO Dominican Republic 1.45 2018 115
116 DE Germany 1.44 2024 116
117 GM Gambia 1.4 2024 117
118 NP Nepal 1.4 2020 118
119 GH Ghana 1.37 2024 119
120 BY Belarus 1.27 2022 120
121 SN Senegal 1.22 2024 121
122 LK Sri Lanka 1.19 2022 122
123 SV El Salvador 1.14 2024 123
124 TV Tuvalu 1.13 2022 124
125 NG Nigeria 1.12 2022 125
126 SB Solomon Islands 1.09 2018 126
127 UG Uganda 1.08 2024 127
128 LC Saint Lucia 1.06 2024 128
129 TG Togo 1.04 2024 129
130 GT Guatemala 1.02 2024 130
131 AT Austria 1 2023 131
132 BI Burundi 0.98 2024 132
133 MX Mexico 0.95 2024 133
134 ID Indonesia 0.94 2024 134
135 MR Mauritania 0.83 2024 135
136 DZ Algeria 0.83 2024 136
137 BF Burkina Faso 0.77 2024 137
138 KM Comoros 0.76 2024 138
139 SL Sierra Leone 0.73 2024 139
140 WS Samoa 0.72 2022 140
141 TO Tonga 0.7 2024 141
142 BJ Benin 0.69 2024 142
143 GN Guinea 0.69 2024 143
144 DJ Djibouti 0.68 2024 144
145 PG Papua New Guinea 0.67 2020 145
146 JO Jordan 0.67 2024 146
147 ET Ethiopia 0.61 2024 147
148 IR Iran 0.6 2020 148
149 JP Japan 0.58 2024 149
150 AR Argentina 0.52 2024 150
151 PH Philippines 0.51 2024 151
152 BO Bolivia 0.47 2023 152
153 BN Brunei Darussalam 0.47 2024 153
154 GW Guinea-Bissau 0.47 2024 154
155 KH Cambodia 0.45 2024 155
156 CG Republic of the Congo 0.4 2024 156
157 MM Myanmar 0.39 2018 157
158 HN Honduras 0.37 2024 158
159 FM Micronesia 0.37 2018 159
160 SS South Sudan 0.3 2016 160
161 EG Egypt 0.26 2022 161
162 ML Mali 0.25 2020 162
163 MZ Mozambique 0.25 2020 163
164 AF Afghanistan 0.22 2018 164
165 MH Marshall Islands 0.2 2022 165
166 PK Pakistan 0.2 2024 166
167 IN India 0.18 2024 167
168 TZ Tanzania 0.17 2018 168
169 PS Palestine 0.17 2024 169
170 TJ Tajikistan 0.15 2018 170
171 TD Chad 0.13 2024 171
172 MG Madagascar 0.12 2024 172
173 IQ Iraq 0.12 2022 173
174 CD Democratic Republic of the Congo 0.11 2024 174
175 NE Niger 0.1 2024 175
176 CF Central African Republic 0.1 2024 176
177 MW Malawi 0.09 2009 177
178 BT Bhutan 0.07 2022 178
179 HT Haiti 0.07 2010 179
180 BD Bangladesh 0.06 2024 180
181 LR Liberia 0.05 2024 181
182 KI Kiribati 0.03 2018 182
183 SO Somalia 0.02 2024 183
Nothing found. Check the spelling of the name.
Maximum 201.01 per 1,000
Median 2.19 per 1,000
Minimum 0.02 per 1,000

About the indicator

The number of newly registered limited liability companies per 1,000 people of working age (15–64) over a year. It is an indicator of entrepreneurial activity and of the ease of entering a market. Only limited liability companies are counted, so in countries where sole proprietorships dominate the figure is understated.

Important: The aggregate is weighted by the population aged 15–64 — the same denominator that stands in the indicator. Only new limited liability companies are counted, so where other legal forms are common the value is understated.

Updates
quarterly
Unit of measurement
per 1,000 people aged 15–64
Observation period
2006–2024
License
CC BY 4.0
Dataset
World Development Indicators