New business density — all countries

New business density — Canada

New business density in Canada in 2022 — 5.17 per 1,000. Ranked 47 in the world out of 154. Since 2017, the indicator has risen by 2,430.5%.

2022 5.17 per 1,000 −3.06% vs 2021
World rank 47of 154
Period maximum 5.33 per 1,0002021
Period minimum 0.2 per 1,0002017

Trend over time

2017–2022 · per 1,000 people aged 15–64

New business density — Canada, 2017–202202462017201820192020202120222017: 0.2 per 1,0002018: 3.51 per 1,0002019: 3.67 per 1,0002020: 4.31 per 1,0002021: 5.33 per 1,0002022: 5.17 per 1,000
Change over the period: +4.96 (+2,430.49%) Average annual rate: 90.83 %

Comparison, 2022

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

Canada 5.17 per 1,000
World 4.89 per 1,000
High-income countries computed 5.1 per 1,000
New business density — Canada, by year Canada All countries CSV XLSX
Year per 1,000 Change Change, %
2022 5.17 −0.16 −3.06%
2021 5.33 +1.02 +23.56%
2020 4.31 +0.65 +17.61%
2019 3.67 +0.16 +4.53%
2018 3.51 +3.3 +1,618.48%
2017 0.2

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.