New business density — all countries

New business density — Burkina Faso

New business density in Burkina Faso in 2024 — 0.77 per 1,000. Ranked 107 in the world out of 134. Since 2006, the indicator has risen by 896.1%.

2024 0.77 per 1,000 +14.99% vs 2023
World rank 107of 134
Period maximum 0.77 per 1,0002024
Period minimum 0.05 per 1,0002009

Trend over time

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

New business density — Burkina Faso, 2006–202400.20.40.60.820062008201020122014201620182020202220242006: 0.08 per 1,0002007: 0.08 per 1,0002008: 0.1 per 1,0002009: 0.05 per 1,0002010: 0.12 per 1,0002011: 0.12 per 1,0002012: 0.14 per 1,0002013: 0.16 per 1,0002014: 0.16 per 1,0002015: 0.18 per 1,0002016: 0.16 per 1,0002017: 0.3 per 1,0002018: 0.32 per 1,0002019: 0.37 per 1,0002020: 0.49 per 1,0002021: 0.62 per 1,0002022: 0.65 per 1,0002023: 0.67 per 1,0002024: 0.77 per 1,000
Change over the period: +0.69 (+896.09%) Average annual rate: 13.62 %

Comparison, 2024

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

Burkina Faso 0.77 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 — Burkina Faso, by year Burkina Faso All countries CSV XLSX
Year per 1,000 Change Change, %
2024 0.77 +0.1 +14.99%
2023 0.67 +0.02 +3.29%
2022 0.65 +0.03 +4.62%
2021 0.62 +0.13 +25.68%
2020 0.49 +0.12 +34.05%
2019 0.37 +0.05 +16.01%
2018 0.32 +0.02 +6.86%
2017 0.3 +0.13 +82.64%
2016 0.16 −0.02 −11.21%
2015 0.18 +0.02 +12.38%
2014 0.16 +0 +2.96%
2013 0.16 +0.02 +11.85%
2012 0.14 +0.02 +14.61%
2011 0.12 −0 −0.38%
2010 0.12 +0.07 +148.04%
2009 0.05 −0.05 −48.44%
2008 0.1 +0.02 +24.8%
2007 0.08 +0 +0.34%
2006 0.08

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.