New business density — all countries

New business density — Dominican Republic

New business density in the Dominican Republic in 2018 — 1.45 per 1,000. Ranked 103 in the world out of 173. Since 2011, the indicator has risen by 184.2%.

2018 1.45 per 1,000 +5.07% vs 2017
World rank 103of 173
Period maximum 1.45 per 1,0002018
Period minimum 0.51 per 1,0002011

Trend over time

2011–2018 · per 1,000 people aged 15–64

New business density — Dominican Republic, 2011–20180.50.7511.251.5201120122013201420152016201720182011: 0.51 per 1,0002012: 1.11 per 1,0002013: 1.23 per 1,0002014: 1.2 per 1,0002015: 1.23 per 1,0002016: 1.36 per 1,0002017: 1.38 per 1,0002018: 1.45 per 1,000
Change over the period: +0.94 (+184.19%) Average annual rate: 16.09 %

Comparison, 2018

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

Dominican Republic 1.45 per 1,000
World 4.3 per 1,000
Latin America & Caribbean 2.36 per 1,000
Upper-middle-income countries computed 8.7 per 1,000
New business density — Dominican Republic, by year Dominican Republic All countries CSV XLSX
Year per 1,000 Change Change, %
2018 1.45 +0.07 +5.07%
2017 1.38 +0.02 +1.2%
2016 1.36 +0.13 +10.39%
2015 1.23 +0.03 +2.36%
2014 1.2 −0.03 −2.29%
2013 1.23 +0.12 +10.99%
2012 1.11 +0.6 +118.14%
2011 0.51

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.