New business density — all countries

New business density — Kiribati

New business density in Kiribati in 2018 — 0.03 per 1,000. Ranked 172 in the world out of 173. Since 2006, the indicator has fallen by 60.5%.

2018 0.03 per 1,000 −50.65% vs 2017
World rank 172of 173
Period maximum 0.07 per 1,0002012
Period minimum 0.03 per 1,0002018

Trend over time

2006–2018 · per 1,000 people aged 15–64

New business density — Kiribati, 2006–20180.020.040.060.0820062008201020122014201620182006: 0.07 per 1,0002007: 0.05 per 1,0002008: 0.03 per 1,0002009: 0.05 per 1,0002010: 0.06 per 1,0002011: 0.05 per 1,0002012: 0.07 per 1,0002013: 0.03 per 1,0002014: 0.03 per 1,0002015: 0.04 per 1,0002016: 0.06 per 1,0002017: 0.05 per 1,0002018: 0.03 per 1,000
Change over the period: −0.04 (−60.52%) Average annual rate: -7.45 %

Comparison, 2018

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

Kiribati 0.03 per 1,000
World 4.3 per 1,000
East Asia & Pacific 9.36 per 1,000
Lower-middle-income countries computed 0.42 per 1,000
New business density — Kiribati, by year Kiribati All countries CSV XLSX
Year per 1,000 Change Change, %
2018 0.03 −0.03 −50.65%
2017 0.05 −0 −1.44%
2016 0.06 +0.01 +31.26%
2015 0.04 +0.01 +47.56%
2014 0.03 −0 −1.74%
2013 0.03 −0.04 −60.75%
2012 0.07 +0.03 +63.39%
2011 0.05 −0.02 −26.62%
2010 0.06 +0.01 +30.2%
2009 0.05 +0.01 +46.37%
2008 0.03 −0.02 −34.97%
2007 0.05 −0.02 −26.89%
2006 0.07

Micronesia, 2018

The same indicator for neighboring countries — with links to their pages

FM Micronesia 0.37 KI Kiribati 0.03

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.