New business density — all countries

New business density — Guinea-Bissau

New business density in Guinea-Bissau in 2024 — 0.47 per 1,000. Ranked 120 in the world out of 134. Since 2012, the indicator has risen by 21.8%.

2024 0.47 per 1,000 +10.85% vs 2023
World rank 120of 134
Period maximum 0.66 per 1,0002017
Period minimum 0.29 per 1,0002019

Trend over time

2012–2024 · per 1,000 people aged 15–64

New business density — Guinea-Bissau, 2012–20240.20.30.40.50.60.720122014201620182020202220242012: 0.38 per 1,0002013: 0.45 per 1,0002014: 0.46 per 1,0002015: 0.57 per 1,0002016: 0.63 per 1,0002017: 0.66 per 1,0002018: 0.42 per 1,0002019: 0.29 per 1,0002020: 0.36 per 1,0002021: 0.54 per 1,0002022: 0.44 per 1,0002023: 0.42 per 1,0002024: 0.47 per 1,000
Change over the period: +0.08 (+21.81%) Average annual rate: 1.66 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Guinea-Bissau

Guinea-Bissau 0.47 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 — Guinea-Bissau, by year Guinea-Bissau All countries CSV XLSX
Year per 1,000 Change Change, %
2024 0.47 +0.05 +10.85%
2023 0.42 −0.02 −4.02%
2022 0.44 −0.1 −19.08%
2021 0.54 +0.19 +52.56%
2020 0.36 +0.06 +21.41%
2019 0.29 −0.12 −29.3%
2018 0.42 −0.25 −37.56%
2017 0.66 +0.03 +5.17%
2016 0.63 +0.06 +10.41%
2015 0.57 +0.11 +23.72%
2014 0.46 +0.02 +3.65%
2013 0.45 +0.06 +16.18%
2012 0.38

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.