New business density — all countries

New business density — Guinea

New business density in Guinea in 2024 — 0.69 per 1,000. Ranked 112 in the world out of 134. Since 2014, the indicator has risen by 425.4%.

2024 0.69 per 1,000 −43.74% vs 2023
World rank 112of 134
Period maximum 1.22 per 1,0002023
Period minimum 0.13 per 1,0002014

Trend over time

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

New business density — Guinea, 2014–202400.511.5201420152016201720182019202020212022202320242014: 0.13 per 1,0002015: 0.23 per 1,0002016: 0.29 per 1,0002017: 0.35 per 1,0002018: 0.41 per 1,0002019: 0.47 per 1,0002020: 0.45 per 1,0002021: 0.6 per 1,0002022: 0.62 per 1,0002023: 1.22 per 1,0002024: 0.69 per 1,000
Change over the period: +0.55 (+425.4%) Average annual rate: 18.05 %

Comparison, 2024

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

Guinea 0.69 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, by year Guinea All countries CSV XLSX
Year per 1,000 Change Change, %
2024 0.69 −0.53 −43.74%
2023 1.22 +0.6 +98.02%
2022 0.62 +0.02 +3.04%
2021 0.6 +0.15 +32.54%
2020 0.45 −0.02 −3.3%
2019 0.47 +0.06 +13.45%
2018 0.41 +0.06 +16.33%
2017 0.35 +0.07 +22.96%
2016 0.29 +0.06 +25.91%
2015 0.23 +0.1 +74.8%
2014 0.13

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.