New business density — all countries

New business density — BRICS

New business density in BRICS in 2024 — 7.07 per 1,000. Since 2006, the indicator has risen by 664.9%.

2024 7.07 per 1,000 −19.95% vs 2023
World rank
Period maximum 8.83 per 1,0002023
Period minimum 0.92 per 1,0002006

Trend over time

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

New business density — BRICS, 2006–202402.557.51020062008201020122014201620182020202220242006: 0.92 per 1,0002007: 0.96 per 1,0002008: 2.31 per 1,0002009: 2.71 per 1,0002010: 3.07 per 1,0002011: 3.23 per 1,0002012: 3.36 per 1,0002013: 3.68 per 1,0002014: 5.35 per 1,0002015: 6.08 per 1,0002016: 6.81 per 1,0002017: 6.42 per 1,0002018: 6.43 per 1,0002019: 6.06 per 1,0002020: 6.34 per 1,0002021: 8.47 per 1,0002022: 7.12 per 1,0002023: 8.83 per 1,0002024: 7.07 per 1,000
Change over the period: +6.14 (+664.89%) Average annual rate: 11.97 %

Comparison, 2024

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

BRICS 7.07 per 1,000
World 5.15 per 1,000
New business density — BRICS, by year BRICS All countries CSV XLSX
Year per 1,000 Change Change, %
2024 7.07 −1.76 −19.95%
2023 8.83 +1.71 +24%
2022 7.12 −1.35 −15.92%
2021 8.47 +2.13 +33.61%
2020 6.34 +0.28 +4.58%
2019 6.06 −0.37 −5.8%
2018 6.43 +0.01 +0.19%
2017 6.42 −0.39 −5.75%
2016 6.81 +0.74 +12.16%
2015 6.08 +0.73 +13.62%
2014 5.35 +1.66 +45.15%
2013 3.68 +0.33 +9.76%
2012 3.36 +0.12 +3.77%
2011 3.23 +0.16 +5.27%
2010 3.07 +0.36 +13.47%
2009 2.71 +0.4 +17.33%
2008 2.31 +1.35 +141.15%
2007 0.96 +0.03 +3.58%
2006 0.92

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.