New business density — all countries

New business density — G20

New business density in the G20 in 2024 — 6.63 per 1,000. Since 2006, the indicator has risen by 410.8%.

2024 6.63 per 1,000 −17.37% vs 2023
World rank
Period maximum 8.02 per 1,0002023
Period minimum 1.3 per 1,0002006

Trend over time

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

New business density — G20, 2006–202402.557.51020062008201020122014201620182020202220242006: 1.3 per 1,0002007: 1.39 per 1,0002008: 2.29 per 1,0002009: 2.61 per 1,0002010: 2.94 per 1,0002011: 3.1 per 1,0002012: 3.21 per 1,0002013: 3.51 per 1,0002014: 4.93 per 1,0002015: 5.56 per 1,0002016: 6.2 per 1,0002017: 5.84 per 1,0002018: 5.9 per 1,0002019: 5.6 per 1,0002020: 5.98 per 1,0002021: 7.68 per 1,0002022: 6.57 per 1,0002023: 8.02 per 1,0002024: 6.63 per 1,000
Change over the period: +5.33 (+410.8%) Average annual rate: 9.48 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: G20

G20 6.63 per 1,000
World 5.15 per 1,000
New business density — G20, by year G20 All countries CSV XLSX
Year per 1,000 Change Change, %
2024 6.63 −1.39 −17.37%
2023 8.02 +1.45 +22.16%
2022 6.57 −1.11 −14.47%
2021 7.68 +1.69 +28.32%
2020 5.98 +0.38 +6.86%
2019 5.6 −0.3 −5.03%
2018 5.9 +0.06 +0.99%
2017 5.84 −0.36 −5.81%
2016 6.2 +0.64 +11.5%
2015 5.56 +0.63 +12.8%
2014 4.93 +1.42 +40.39%
2013 3.51 +0.3 +9.23%
2012 3.21 +0.11 +3.66%
2011 3.1 +0.16 +5.31%
2010 2.94 +0.33 +12.6%
2009 2.61 +0.32 +14.17%
2008 2.29 +0.91 +65.34%
2007 1.39 +0.09 +6.74%
2006 1.3

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.