New business density — all countries

New business density — Kenya

New business density in Kenya in 2024 — 1.73 per 1,000. Ranked 86 in the world out of 134. Since 2017, the indicator has risen by 27.6%.

2024 1.73 per 1,000 +0.39% vs 2023
World rank 86of 134
Period maximum 1.73 per 1,0002024
Period minimum 1.36 per 1,0002017

Trend over time

2017–2024 · per 1,000 people aged 15–64

New business density — Kenya, 2017–20241.31.41.51.61.71.8201720182019202020212022202320242017: 1.36 per 1,0002018: 1.55 per 1,0002019: 1.43 per 1,0002020: 1.62 per 1,0002021: 1.55 per 1,0002022: 1.63 per 1,0002023: 1.73 per 1,0002024: 1.73 per 1,000
Change over the period: +0.38 (+27.64%) Average annual rate: 3.55 %

Comparison, 2024

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

Kenya 1.73 per 1,000
World 5.15 per 1,000
Sub-Saharan Africa computed 2.26 per 1,000
Eastern Africa computed 1.1 per 1,000
New business density — Kenya, by year Kenya All countries CSV XLSX
Year per 1,000 Change Change, %
2024 1.73 +0.01 +0.39%
2023 1.73 +0.1 +6.14%
2022 1.63 +0.07 +4.71%
2021 1.55 −0.07 −4.12%
2020 1.62 +0.19 +13.19%
2019 1.43 −0.12 −7.8%
2018 1.55 +0.19 +14.33%
2017 1.36

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.