New business density — all countries

New business density — Gambia

New business density in the Gambia in 2024 — 1.4 per 1,000. Ranked 94 in the world out of 134. Since 2014, the indicator has risen by 4.5%.

2024 1.4 per 1,000 −12.94% vs 2023
World rank 94of 134
Period maximum 2.67 per 1,0002020
Period minimum 0.85 per 1,0002015

Trend over time

2014–2024 · per 1,000 people aged 15–64

New business density — Gambia, 2014–20240123201420152016201720182019202020212022202320242014: 1.34 per 1,0002015: 0.85 per 1,0002016: 0.89 per 1,0002017: 1.52 per 1,0002018: 1.89 per 1,0002019: 1.4 per 1,0002020: 2.67 per 1,0002021: 2.37 per 1,0002022: 1.97 per 1,0002023: 1.61 per 1,0002024: 1.4 per 1,000
Change over the period: +0.06 (+4.53%) Average annual rate: 0.44 %

Comparison, 2024

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

Gambia 1.4 per 1,000
World 5.15 per 1,000
Sub-Saharan Africa computed 2.26 per 1,000
Western Africa computed 2.11 per 1,000
New business density — Gambia, by year Gambia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 1.4 −0.21 −12.94%
2023 1.61 −0.36 −18.15%
2022 1.97 −0.4 −16.78%
2021 2.37 −0.3 −11.23%
2020 2.67 +1.27 +91.11%
2019 1.4 −0.5 −26.32%
2018 1.89 +0.37 +24.41%
2017 1.52 +0.63 +70.38%
2016 0.89 +0.05 +5.63%
2015 0.85 −0.5 −37.02%
2014 1.34

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.