New business density — all countries

New business density — Ethiopia

New business density in Ethiopia in 2024 — 0.61 per 1,000. Ranked 115 in the world out of 134. Since 2011, the indicator has risen by 229.1%.

2024 0.61 per 1,000 −1.72% vs 2023
World rank 115of 134
Period maximum 0.62 per 1,0002023
Period minimum 0.16 per 1,0002016

Trend over time

2011–2024 · per 1,000 people aged 15–64

New business density — Ethiopia, 2011–202400.20.40.60.8201120132015201720192021202320242011: 0.18 per 1,0002012: 0.17 per 1,0002013: 0.2 per 1,0002014: 0.21 per 1,0002015: 0.23 per 1,0002016: 0.16 per 1,0002017: 0.19 per 1,0002018: 0.17 per 1,0002019: 0.22 per 1,0002020: 0.26 per 1,0002021: 0.28 per 1,0002022: 0.48 per 1,0002023: 0.62 per 1,0002024: 0.61 per 1,000
Change over the period: +0.42 (+229.07%) Average annual rate: 9.6 %

Comparison, 2024

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

Ethiopia 0.61 per 1,000
World 5.15 per 1,000
Sub-Saharan Africa computed 2.26 per 1,000
Eastern Africa computed 1.1 per 1,000
New business density — Ethiopia, by year Ethiopia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 0.61 −0.01 −1.72%
2023 0.62 +0.14 +29.01%
2022 0.48 +0.2 +69.2%
2021 0.28 +0.02 +8.63%
2020 0.26 +0.04 +19.04%
2019 0.22 +0.04 +25.61%
2018 0.17 −0.01 −6.28%
2017 0.19 +0.03 +19.03%
2016 0.16 −0.08 −33.43%
2015 0.23 +0.02 +9.88%
2014 0.21 +0.02 +7.83%
2013 0.2 +0.02 +13.23%
2012 0.17 −0.01 −5.22%
2011 0.18

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.