New business density — all countries

New business density — ASEAN

New business density in ASEAN in 2024 — 1.31 per 1,000. Since 2006, the indicator has risen by 186.3%.

2024 1.31 per 1,000 +0.56% vs 2023
World rank
Period maximum 1.31 per 1,0002024
Period minimum 0.46 per 1,0002009

Trend over time

2006–2024 · per 1,000 people aged 15–64

New business density — ASEAN, 2006–202400.511.520062008201020122014201620182020202220242006: 0.46 per 1,0002007: 0.47 per 1,0002008: 0.5 per 1,0002009: 0.46 per 1,0002010: 0.52 per 1,0002011: 0.62 per 1,0002012: 0.64 per 1,0002013: 0.68 per 1,0002014: 0.69 per 1,0002015: 0.71 per 1,0002016: 0.75 per 1,0002017: 0.82 per 1,0002018: 0.85 per 1,0002019: 0.92 per 1,0002020: 0.86 per 1,0002021: 0.92 per 1,0002022: 1.15 per 1,0002023: 1.3 per 1,0002024: 1.31 per 1,000
Change over the period: +0.85 (+186.28%) Average annual rate: 6.02 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: ASEAN

ASEAN 1.31 per 1,000
World 5.15 per 1,000
New business density — ASEAN, by year ASEAN All countries CSV XLSX
Year per 1,000 Change Change, %
2024 1.31 +0.01 +0.56%
2023 1.3 +0.16 +13.74%
2022 1.15 +0.22 +24.37%
2021 0.92 +0.06 +7.49%
2020 0.86 −0.06 −6.93%
2019 0.92 +0.07 +8.63%
2018 0.85 +0.02 +3.02%
2017 0.82 +0.08 +10.11%
2016 0.75 +0.04 +5.5%
2015 0.71 +0.02 +2.34%
2014 0.69 +0.01 +1.63%
2013 0.68 +0.04 +5.82%
2012 0.64 +0.02 +3.78%
2011 0.62 +0.1 +19.29%
2010 0.52 +0.06 +13.97%
2009 0.46 −0.05 −8.98%
2008 0.5 +0.04 +7.86%
2007 0.47 +0.01 +1.52%
2006 0.46

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.

Source: World Development Indicators (World Bank), license CC BY 4.0.