New business density — all countries

New business density — Grenada

New business density in Grenada in 2020 — 2.74 per 1,000. Ranked 67 in the world out of 166. Since 2006, the indicator has fallen by 4%.

2020 2.74 per 1,000 −15.93% vs 2019
World rank 67of 166
Period maximum 3.49 per 1,0002017
Period minimum 1.63 per 1,0002012

Trend over time

2006–2020 · per 1,000 people aged 15–64

New business density — Grenada, 2006–20201.522.533.5200620082010201220142016201820202006: 2.85 per 1,0002007: 2.89 per 1,0002008: 2.57 per 1,0002009: 1.64 per 1,0002010: 1.99 per 1,0002011: 1.82 per 1,0002012: 1.63 per 1,0002013: 2.15 per 1,0002014: 2.28 per 1,0002015: 2.94 per 1,0002016: 2.92 per 1,0002017: 3.49 per 1,0002018: 3.14 per 1,0002019: 3.26 per 1,0002020: 2.74 per 1,000
Change over the period: −0.11 (−3.99%) Average annual rate: -0.29 %

Comparison, 2020

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

Grenada 2.74 per 1,000
World 4.35 per 1,000
Latin America & Caribbean 2.69 per 1,000
Upper-middle-income countries computed 8.85 per 1,000
New business density — Grenada, by year Grenada All countries CSV XLSX
Year per 1,000 Change Change, %
2020 2.74 −0.52 −15.93%
2019 3.26 +0.12 +3.68%
2018 3.14 −0.34 −9.88%
2017 3.49 +0.56 +19.22%
2016 2.92 −0.02 −0.63%
2015 2.94 +0.66 +29.19%
2014 2.28 +0.12 +5.77%
2013 2.15 +0.52 +32.09%
2012 1.63 −0.19 −10.41%
2011 1.82 −0.17 −8.33%
2010 1.99 +0.35 +21.3%
2009 1.64 −0.93 −36.22%
2008 2.57 −0.33 −11.32%
2007 2.89 +0.04 +1.46%
2006 2.85

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.