New business density — all countries

New business density — Jamaica

New business density in Jamaica in 2024 — 2.6 per 1,000. Ranked 68 in the world out of 134. Since 2006, the indicator has risen by 130%.

2024 2.6 per 1,000 +0.78% vs 2023
World rank 68of 134
Period maximum 2.65 per 1,0002022
Period minimum 0.91 per 1,0002014

Trend over time

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

New business density — Jamaica, 2006–2024012320062008201020122014201620182020202220242006: 1.13 per 1,0002007: 1.15 per 1,0002008: 1.19 per 1,0002009: 1.13 per 1,0002010: 1.1 per 1,0002011: 1.01 per 1,0002012: 1.03 per 1,0002013: 1.01 per 1,0002014: 0.91 per 1,0002015: 1.13 per 1,0002016: 1.28 per 1,0002017: 1.37 per 1,0002018: 1.57 per 1,0002019: 1.88 per 1,0002020: 1.94 per 1,0002021: 2.38 per 1,0002022: 2.65 per 1,0002023: 2.58 per 1,0002024: 2.6 per 1,000
Change over the period: +1.47 (+130.02%) Average annual rate: 4.74 %

Comparison, 2024

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

Jamaica 2.6 per 1,000
World 5.15 per 1,000
Latin America & Caribbean 3.68 per 1,000
Upper-middle-income countries computed 9.96 per 1,000
New business density — Jamaica, by year Jamaica All countries CSV XLSX
Year per 1,000 Change Change, %
2024 2.6 +0.02 +0.78%
2023 2.58 −0.07 −2.72%
2022 2.65 +0.27 +11.17%
2021 2.38 +0.44 +22.76%
2020 1.94 +0.06 +3.25%
2019 1.88 +0.32 +20.12%
2018 1.57 +0.2 +14.71%
2017 1.37 +0.08 +6.58%
2016 1.28 +0.15 +13.2%
2015 1.13 +0.22 +24.05%
2014 0.91 −0.1 −10.01%
2013 1.01 −0.01 −1.22%
2012 1.03 +0.01 +1.1%
2011 1.01 −0.08 −7.37%
2010 1.1 −0.04 −3.25%
2009 1.13 −0.06 −5.1%
2008 1.19 +0.04 +3.81%
2007 1.15 +0.02 +1.76%
2006 1.13

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.