New business density — all countries

New business density — Cabo Verde

New business density in Cabo Verde in 2024 — 21.76 per 1,000. Ranked 6 in the world out of 134. Since 2008, the indicator has risen by 1,316.2%.

2024 21.76 per 1,000 +20.79% vs 2023
World rank 6of 134
Period maximum 27.01 per 1,0002021
Period minimum 1.54 per 1,0002008

Trend over time

2008–2024 · per 1,000 people aged 15–64

New business density — Cabo Verde, 2008–202401020302008201020122014201620182020202220242008: 1.54 per 1,0002009: 2.57 per 1,0002010: 2.88 per 1,0002011: 3.62 per 1,0002012: 2.99 per 1,0002013: 3.11 per 1,0002014: 3.22 per 1,0002015: 4.05 per 1,0002016: 9.81 per 1,0002017: 13.22 per 1,0002018: 17.63 per 1,0002019: 18.01 per 1,0002020: 14.37 per 1,0002021: 27.01 per 1,0002022: 21.67 per 1,0002023: 18.01 per 1,0002024: 21.76 per 1,000
Change over the period: +20.22 (+1,316.18%) Average annual rate: 18.02 %

Comparison, 2024

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

Cabo Verde 21.76 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 — Cabo Verde, by year Cabo Verde All countries CSV XLSX
Year per 1,000 Change Change, %
2024 21.76 +3.75 +20.79%
2023 18.01 −3.66 −16.9%
2022 21.67 −5.33 −19.74%
2021 27.01 +12.63 +87.87%
2020 14.37 −3.63 −20.18%
2019 18.01 +0.38 +2.13%
2018 17.63 +4.42 +33.4%
2017 13.22 +3.41 +34.77%
2016 9.81 +5.76 +142.03%
2015 4.05 +0.83 +25.74%
2014 3.22 +0.11 +3.54%
2013 3.11 +0.12 +3.96%
2012 2.99 −0.62 −17.21%
2011 3.62 +0.74 +25.65%
2010 2.88 +0.31 +12.16%
2009 2.57 +1.03 +67.05%
2008 1.54

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.