New business density — all countries

New business density — Cayman Islands

New business density in the Cayman Islands in 2024 — 201.01 per 1,000. Ranked 1 in the world out of 134. Since 2006, the indicator has fallen by 40.2%.

2024 201.01 per 1,000 +15.16% vs 2023
World rank 1of 134
Period maximum 377.04 per 1,0002007
Period minimum 174.54 per 1,0002023

Trend over time

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

New business density — Cayman Islands, 2006–202410020030040020062008201020122014201620182020202220242006: 336.04 per 1,0002007: 377.04 per 1,0002008: 304.23 per 1,0002009: 195.54 per 1,0002010: 197.17 per 1,0002011: 213.36 per 1,0002012: 205.78 per 1,0002013: 210.93 per 1,0002014: 240.09 per 1,0002015: 252.57 per 1,0002016: 232.47 per 1,0002017: 265.46 per 1,0002018: 325.32 per 1,0002019: 250.26 per 1,0002020: 224.49 per 1,0002021: 314.78 per 1,0002022: 218.22 per 1,0002023: 174.54 per 1,0002024: 201.01 per 1,000
Change over the period: −135.04 (−40.18%) Average annual rate: -2.81 %

Comparison, 2024

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

Cayman Islands 201.01 per 1,000
World 5.15 per 1,000
Latin America & Caribbean 3.68 per 1,000
New business density — Cayman Islands, by year Cayman Islands All countries CSV XLSX
Year per 1,000 Change Change, %
2024 201.01 +26.47 +15.16%
2023 174.54 −43.68 −20.02%
2022 218.22 −96.56 −30.68%
2021 314.78 +90.29 +40.22%
2020 224.49 −25.77 −10.3%
2019 250.26 −75.05 −23.07%
2018 325.32 +59.86 +22.55%
2017 265.46 +32.99 +14.19%
2016 232.47 −20.1 −7.96%
2015 252.57 +12.48 +5.2%
2014 240.09 +29.16 +13.82%
2013 210.93 +5.15 +2.5%
2012 205.78 −7.58 −3.55%
2011 213.36 +16.2 +8.22%
2010 197.17 +1.62 +0.83%
2009 195.54 −108.69 −35.73%
2008 304.23 −72.81 −19.31%
2007 377.04 +40.99 +12.2%
2006 336.04

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.