New business density — all countries

New business density — Guatemala

New business density in Guatemala in 2024 — 1.02 per 1,000. Ranked 101 in the world out of 134. Since 2006, the indicator has risen by 53.9%.

2024 1.02 per 1,000 +14.61% vs 2023
World rank 101of 134
Period maximum 1.02 per 1,0002024
Period minimum 0.49 per 1,0002012

Trend over time

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

New business density — Guatemala, 2006–20240.40.60.811.220062008201020122014201620182020202220242006: 0.66 per 1,0002007: 0.66 per 1,0002008: 0.71 per 1,0002009: 0.64 per 1,0002010: 0.63 per 1,0002011: 0.6 per 1,0002012: 0.49 per 1,0002013: 0.5 per 1,0002014: 0.51 per 1,0002015: 0.52 per 1,0002016: 0.5 per 1,0002017: 0.57 per 1,0002018: 0.54 per 1,0002019: 0.61 per 1,0002020: 0.59 per 1,0002021: 0.75 per 1,0002022: 0.79 per 1,0002023: 0.89 per 1,0002024: 1.02 per 1,000
Change over the period: +0.36 (+53.95%) Average annual rate: 2.43 %

Comparison, 2024

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

Guatemala 1.02 per 1,000
World 5.15 per 1,000
Latin America & Caribbean 3.68 per 1,000
Central America computed 1.13 per 1,000
Upper-middle-income countries computed 9.96 per 1,000
New business density — Guatemala, by year Guatemala All countries CSV XLSX
Year per 1,000 Change Change, %
2024 1.02 +0.13 +14.61%
2023 0.89 +0.1 +12.18%
2022 0.79 +0.04 +5.67%
2021 0.75 +0.16 +26.57%
2020 0.59 −0.02 −2.73%
2019 0.61 +0.07 +13.3%
2018 0.54 −0.03 −5.39%
2017 0.57 +0.07 +13.4%
2016 0.5 −0.02 −3.72%
2015 0.52 +0.01 +2.13%
2014 0.51 +0 +0.89%
2013 0.5 +0.01 +2.7%
2012 0.49 −0.11 −18.02%
2011 0.6 −0.03 −5.45%
2010 0.63 −0.01 −1.24%
2009 0.64 −0.07 −9.25%
2008 0.71 +0.05 +7.74%
2007 0.66 −0 −0.69%
2006 0.66

Central America, 2024

The same indicator for neighboring countries — with links to their pages

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.