New business density — all countries

New business density — East Asia & Pacific

New business density in East Asia & Pacific in 2024 — 10.73 per 1,000. Since 2008, the indicator has risen by 259.3%.

2024 10.73 per 1,000 −19.58% vs 2023
World rank
Period maximum 13.34 per 1,0002023
Period minimum 2.99 per 1,0002008

Trend over time

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

New business density — East Asia & Pacific, 2008–20240510152008201020122014201620182020202220242008: 2.99 per 1,0002009: 3.74 per 1,0002010: 4.35 per 1,0002011: 4.56 per 1,0002012: 4.6 per 1,0002013: 5.14 per 1,0002014: 7.64 per 1,0002015: 8.67 per 1,0002016: 9.83 per 1,0002017: 9.32 per 1,0002018: 9.36 per 1,0002019: 8.98 per 1,0002020: 9.6 per 1,0002021: 12.66 per 1,0002022: 10.61 per 1,0002023: 13.34 per 1,0002024: 10.73 per 1,000
Change over the period: +7.74 (+259.32%) Average annual rate: 8.32 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: East Asia & Pacific

East Asia & Pacific 10.73 per 1,000
World 5.15 per 1,000
New business density — East Asia & Pacific, by year East Asia & Pacific All countries CSV XLSX
Year per 1,000 Change Change, %
2024 10.73 −2.61 −19.58%
2023 13.34 +2.73 +25.77%
2022 10.61 −2.06 −16.24%
2021 12.66 +3.06 +31.88%
2020 9.6 +0.62 +6.94%
2019 8.98 −0.38 −4.03%
2018 9.36 +0.03 +0.37%
2017 9.32 −0.5 −5.13%
2016 9.83 +1.16 +13.34%
2015 8.67 +1.03 +13.48%
2014 7.64 +2.5 +48.55%
2013 5.14 +0.54 +11.79%
2012 4.6 +0.04 +0.81%
2011 4.56 +0.21 +4.8%
2010 4.35 +0.61 +16.43%
2009 3.74 +0.75 +25.26%
2008 2.99

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.