New business density — all countries

New business density — Isle of Man

New business density in the Isle of Man in 2024 — 33.58 per 1,000. Ranked 2 in the world out of 134. Since 2006, the indicator has fallen by 51.8%.

2024 33.58 per 1,000 −1.33% vs 2023
World rank 2of 134
Period maximum 76.9 per 1,0002008
Period minimum 29.17 per 1,0002019

Trend over time

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

New business density — Isle of Man, 2006–20242040608020062008201020122014201620182020202220242006: 69.73 per 1,0002007: 76.74 per 1,0002008: 76.9 per 1,0002009: 39.07 per 1,0002010: 44.96 per 1,0002011: 41.02 per 1,0002012: 36.88 per 1,0002013: 40.62 per 1,0002014: 38.94 per 1,0002015: 36.83 per 1,0002016: 34.64 per 1,0002017: 41.99 per 1,0002018: 31.63 per 1,0002019: 29.17 per 1,0002020: 30.74 per 1,0002021: 32.59 per 1,0002022: 31.74 per 1,0002023: 34.04 per 1,0002024: 33.58 per 1,000
Change over the period: −36.15 (−51.84%) Average annual rate: -3.98 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Isle of Man

Isle of Man 33.58 per 1,000
World 5.15 per 1,000
Europe & Central Asia 4.89 per 1,000
Northern Europe computed 14.89 per 1,000
New business density — Isle of Man, by year Isle of Man All countries CSV XLSX
Year per 1,000 Change Change, %
2024 33.58 −0.45 −1.33%
2023 34.04 +2.3 +7.25%
2022 31.74 −0.86 −2.63%
2021 32.59 +1.85 +6.02%
2020 30.74 +1.57 +5.4%
2019 29.17 −2.47 −7.79%
2018 31.63 −10.35 −24.66%
2017 41.99 +7.34 +21.19%
2016 34.64 −2.19 −5.94%
2015 36.83 −2.11 −5.42%
2014 38.94 −1.68 −4.13%
2013 40.62 +3.74 +10.15%
2012 36.88 −4.14 −10.1%
2011 41.02 −3.94 −8.76%
2010 44.96 +5.89 +15.08%
2009 39.07 −37.83 −49.19%
2008 76.9 +0.16 +0.2%
2007 76.74 +7.01 +10.05%
2006 69.73

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.