New business density — all countries

New business density — Barbados

New business density in Barbados in 2024 — 8.11 per 1,000. Ranked 31 in the world out of 134. Since 2015, the indicator has risen by 39%.

2024 8.11 per 1,000 +4.98% vs 2023
World rank 31of 134
Period maximum 8.11 per 1,0002024
Period minimum 4.52 per 1,0002018

Trend over time

2015–2024 · per 1,000 people aged 15–64

New business density — Barbados, 2015–202445678920152016201720182019202020212022202320242015: 5.83 per 1,0002016: 5.56 per 1,0002017: 4.97 per 1,0002018: 4.52 per 1,0002019: 4.95 per 1,0002020: 4.94 per 1,0002021: 5.28 per 1,0002022: 5.47 per 1,0002023: 7.73 per 1,0002024: 8.11 per 1,000
Change over the period: +2.28 (+39.05%) Average annual rate: 3.73 %

Comparison, 2024

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

Barbados 8.11 per 1,000
World 5.15 per 1,000
Latin America & Caribbean 3.68 per 1,000
New business density — Barbados, by year Barbados All countries CSV XLSX
Year per 1,000 Change Change, %
2024 8.11 +0.38 +4.98%
2023 7.73 +2.26 +41.28%
2022 5.47 +0.19 +3.66%
2021 5.28 +0.34 +6.89%
2020 4.94 −0.01 −0.27%
2019 4.95 +0.43 +9.47%
2018 4.52 −0.45 −9.08%
2017 4.97 −0.59 −10.61%
2016 5.56 −0.27 −4.63%
2015 5.83

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.