New business density — all countries

New business density — Australia

New business density in Australia in 2024 — 18.06 per 1,000. Ranked 11 in the world out of 134. Since 2006, the indicator has risen by 86.2%.

2024 18.06 per 1,000 +8.59% vs 2023
World rank 11of 134
Period maximum 18.06 per 1,0002024
Period minimum 9.7 per 1,0002006

Trend over time

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

New business density — Australia, 2006–20247.51012.51517.52020062008201020122014201620182020202220242006: 9.7 per 1,0002007: 11.2 per 1,0002008: 9.89 per 1,0002009: 9.97 per 1,0002010: 10.72 per 1,0002011: 11.1 per 1,0002012: 12.1 per 1,0002013: 13.08 per 1,0002014: 14.25 per 1,0002015: 15.29 per 1,0002016: 15.24 per 1,0002017: 15.4 per 1,0002018: 14.39 per 1,0002019: 13.48 per 1,0002020: 14.16 per 1,0002021: 17.94 per 1,0002022: 16.13 per 1,0002023: 16.63 per 1,0002024: 18.06 per 1,000
Change over the period: +8.36 (+86.17%) Average annual rate: 3.51 %

Comparison, 2024

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

Australia 18.06 per 1,000
World 5.15 per 1,000
East Asia & Pacific 10.73 per 1,000
Australia and New Zealand computed 17.73 per 1,000
New business density — Australia, by year Australia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 18.06 +1.43 +8.59%
2023 16.63 +0.51 +3.14%
2022 16.13 −1.81 −10.1%
2021 17.94 +3.78 +26.67%
2020 14.16 +0.68 +5.02%
2019 13.48 −0.91 −6.32%
2018 14.39 −1 −6.52%
2017 15.4 +0.16 +1.06%
2016 15.24 −0.05 −0.34%
2015 15.29 +1.04 +7.28%
2014 14.25 +1.17 +8.91%
2013 13.08 +0.98 +8.12%
2012 12.1 +1 +8.99%
2011 11.1 +0.38 +3.54%
2010 10.72 +0.75 +7.57%
2009 9.97 +0.08 +0.83%
2008 9.89 −1.32 −11.76%
2007 11.2 +1.5 +15.49%
2006 9.7

Australia and New Zealand, 2024

The same indicator for neighboring countries — with links to their pages

AU Australia 18.06 NZ New Zealand 16.05

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.