New business density — all countries

New business density — Benin

New business density in Benin in 2024 — 0.69 per 1,000. Ranked 111 in the world out of 134. Since 2006, the indicator has risen by 2,286.1%.

2024 0.69 per 1,000 −11.25% vs 2023
World rank 111of 134
Period maximum 0.82 per 1,0002021
Period minimum 0.03 per 1,0002006

Trend over time

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

New business density — Benin, 2006–202400.250.50.75120062008201020122014201620182020202220242006: 0.03 per 1,0002007: 0.04 per 1,0002008: 0.04 per 1,0002009: 0.04 per 1,0002010: 0.04 per 1,0002011: 0.05 per 1,0002012: 0.14 per 1,0002013: 0.19 per 1,0002014: 0.26 per 1,0002015: 0.51 per 1,0002016: 0.51 per 1,0002017: 0.52 per 1,0002018: 0.5 per 1,0002019: 0.53 per 1,0002020: 0.6 per 1,0002021: 0.82 per 1,0002022: 0.74 per 1,0002023: 0.78 per 1,0002024: 0.69 per 1,000
Change over the period: +0.66 (+2,286.08%) Average annual rate: 19.27 %

Comparison, 2024

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

Benin 0.69 per 1,000
World 5.15 per 1,000
Sub-Saharan Africa computed 2.26 per 1,000
Western Africa computed 2.11 per 1,000
New business density — Benin, by year Benin All countries CSV XLSX
Year per 1,000 Change Change, %
2024 0.69 −0.09 −11.25%
2023 0.78 +0.04 +5.48%
2022 0.74 −0.08 −9.87%
2021 0.82 +0.22 +36.41%
2020 0.6 +0.07 +13.65%
2019 0.53 +0.03 +6.24%
2018 0.5 −0.03 −4.81%
2017 0.52 +0.01 +2.3%
2016 0.51 −0 −0.21%
2015 0.51 +0.25 +99.35%
2014 0.26 +0.07 +38.25%
2013 0.19 +0.05 +33.95%
2012 0.14 +0.08 +158.88%
2011 0.05 +0.02 +39.63%
2010 0.04 −0 −6.56%
2009 0.04 +0 +13.87%
2008 0.04 −0 −1.49%
2007 0.04 +0.01 +26.34%
2006 0.03

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.