New business density — all countries

New business density — Hong Kong

New business density in Hong Kong in 2024 — 28.85 per 1,000. Ranked 3 in the world out of 134. Since 2006, the indicator has risen by 77.5%.

2024 28.85 per 1,000 +11.22% vs 2023
World rank 3of 134
Period maximum 32.72 per 1,0002013
Period minimum 16.25 per 1,0002006

Trend over time

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

New business density — Hong Kong, 2006–2024152025303520062008201020122014201620182020202220242006: 16.25 per 1,0002007: 19.72 per 1,0002008: 19.12 per 1,0002009: 21.1 per 1,0002010: 26.64 per 1,0002011: 28.09 per 1,0002012: 28.2 per 1,0002013: 32.72 per 1,0002014: 31.43 per 1,0002015: 26.13 per 1,0002016: 27.23 per 1,0002017: 30.15 per 1,0002018: 28.59 per 1,0002019: 23.55 per 1,0002020: 19.01 per 1,0002021: 21.62 per 1,0002022: 20.72 per 1,0002023: 25.94 per 1,0002024: 28.85 per 1,000
Change over the period: +12.6 (+77.53%) Average annual rate: 3.24 %

Comparison, 2024

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

Hong Kong 28.85 per 1,000
World 5.15 per 1,000
East Asia & Pacific 10.73 per 1,000
New business density — Hong Kong, by year Hong Kong All countries CSV XLSX
Year per 1,000 Change Change, %
2024 28.85 +2.91 +11.22%
2023 25.94 +5.22 +25.18%
2022 20.72 −0.9 −4.16%
2021 21.62 +2.61 +13.72%
2020 19.01 −4.54 −19.26%
2019 23.55 −5.04 −17.64%
2018 28.59 −1.57 −5.19%
2017 30.15 +2.92 +10.71%
2016 27.23 +1.11 +4.24%
2015 26.13 −5.31 −16.88%
2014 31.43 −1.28 −3.92%
2013 32.72 +4.52 +16.04%
2012 28.2 +0.11 +0.38%
2011 28.09 +1.45 +5.45%
2010 26.64 +5.53 +26.22%
2009 21.1 +1.98 +10.36%
2008 19.12 −0.59 −3.01%
2007 19.72 +3.47 +21.32%
2006 16.25

Eastern Asia, 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.