New business density — all countries

New business density — Fiji

New business density in Fiji in 2024 — 2.7 per 1,000. Ranked 65 in the world out of 134. Since 2006, the indicator has fallen by 86.2%.

2024 2.7 per 1,000 +4.89% vs 2023
World rank 65of 134
Period maximum 19.57 per 1,0002006
Period minimum 0.27 per 1,0002008

Trend over time

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

New business density — Fiji, 2006–20240510152020062008201020122014201620182020202220242006: 19.57 per 1,0002007: 0.32 per 1,0002008: 0.27 per 1,0002009: 0.88 per 1,0002010: 1.07 per 1,0002011: 1.03 per 1,0002012: 0.99 per 1,0002013: 1.33 per 1,0002014: 1.5 per 1,0002015: 1.65 per 1,0002016: 2.04 per 1,0002017: 2.27 per 1,0002018: 2.27 per 1,0002019: 1.94 per 1,0002020: 1.89 per 1,0002021: 1.74 per 1,0002022: 2.48 per 1,0002023: 2.57 per 1,0002024: 2.7 per 1,000
Change over the period: −16.87 (−86.21%) Average annual rate: -10.42 %

Comparison, 2024

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

Fiji 2.7 per 1,000
World 5.15 per 1,000
East Asia & Pacific 10.73 per 1,000
Upper-middle-income countries computed 9.96 per 1,000
New business density — Fiji, by year Fiji All countries CSV XLSX
Year per 1,000 Change Change, %
2024 2.7 +0.13 +4.89%
2023 2.57 +0.1 +3.89%
2022 2.48 +0.74 +42.61%
2021 1.74 −0.16 −8.25%
2020 1.89 −0.04 −2.21%
2019 1.94 −0.34 −14.85%
2018 2.27 +0 +0.14%
2017 2.27 +0.23 +11.09%
2016 2.04 +0.39 +23.68%
2015 1.65 +0.15 +10.19%
2014 1.5 +0.16 +12.35%
2013 1.33 +0.34 +34.78%
2012 0.99 −0.04 −4.3%
2011 1.03 −0.04 −3.34%
2010 1.07 +0.19 +21.6%
2009 0.88 +0.61 +220.41%
2008 0.27 −0.05 −14.74%
2007 0.32 −19.25 −98.35%
2006 19.57

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.