New business density — all countries

New business density — Colombia

New business density in Colombia in 2024 — 2.22 per 1,000. Ranked 74 in the world out of 134. Since 2013, the indicator has risen by 14.5%.

2024 2.22 per 1,000 +4.35% vs 2023
World rank 74of 134
Period maximum 2.26 per 1,0002022
Period minimum 1.88 per 1,0002015

Trend over time

2013–2024 · per 1,000 people aged 15–64

New business density — Colombia, 2013–20241.81.922.12.22.320132015201720192021202320242013: 1.94 per 1,0002014: 2.18 per 1,0002015: 1.88 per 1,0002016: 2.09 per 1,0002017: 2 per 1,0002018: 1.99 per 1,0002019: 2.12 per 1,0002020: 1.94 per 1,0002021: 2.19 per 1,0002022: 2.26 per 1,0002023: 2.13 per 1,0002024: 2.22 per 1,000
Change over the period: +0.28 (+14.48%) Average annual rate: 1.24 %

Comparison, 2024

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

Colombia 2.22 per 1,000
World 5.15 per 1,000
Latin America & Caribbean 3.68 per 1,000
Upper-middle-income countries computed 9.96 per 1,000
New business density — Colombia, by year Colombia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 2.22 +0.09 +4.35%
2023 2.13 −0.13 −5.7%
2022 2.26 +0.07 +3.19%
2021 2.19 +0.25 +13.03%
2020 1.94 −0.18 −8.59%
2019 2.12 +0.13 +6.67%
2018 1.99 −0.01 −0.64%
2017 2 −0.09 −4.22%
2016 2.09 +0.2 +10.89%
2015 1.88 −0.3 −13.72%
2014 2.18 +0.24 +12.35%
2013 1.94

South America, 2024

The same indicator for neighboring countries — with links to their pages

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.