New business density — all countries

New business density — Bolivia

New business density in Bolivia in 2023 — 0.47 per 1,000. Ranked 124 in the world out of 140. Since 2018, the indicator has fallen by 5.3%.

2023 0.47 per 1,000 −5.17% vs 2022
World rank 124of 140
Period maximum 0.52 per 1,0002019
Period minimum 0.43 per 1,0002020

Trend over time

2018–2023 · per 1,000 people aged 15–64

New business density — Bolivia, 2018–20230.430.450.480.50.532018201920202021202220232018: 0.5 per 1,0002019: 0.52 per 1,0002020: 0.43 per 1,0002022: 0.5 per 1,0002023: 0.47 per 1,000
Change over the period: −0.03 (−5.29%) Average annual rate: -1.08 %

Comparison, 2023

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

Bolivia 0.47 per 1,000
World 6.12 per 1,000
Latin America & Caribbean 3.55 per 1,000
South America computed 4.51 per 1,000
New business density — Bolivia, by year Bolivia All countries CSV XLSX
Year per 1,000 Change Change, %
2023 0.47 −0.03 −5.17%
2022 0.5
2020 0.43 −0.09 −17.66%
2019 0.52 +0.02 +3.97%
2018 0.5

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.