New business density — all countries

New business density — Laos

New business density in Laos in 2024 — 1.57 per 1,000. Ranked 90 in the world out of 134. Since 2008, the indicator has risen by 918.6%.

2024 1.57 per 1,000 +19.16% vs 2023
World rank 90of 134
Period maximum 1.57 per 1,0002024
Period minimum 0.15 per 1,0002008

Trend over time

2008–2024 · per 1,000 people aged 15–64

New business density — Laos, 2008–202400.511.522008201020122014201620182020202220242008: 0.15 per 1,0002009: 0.47 per 1,0002010: 0.2 per 1,0002011: 0.2 per 1,0002012: 0.32 per 1,0002013: 0.32 per 1,0002014: 0.23 per 1,0002015: 0.24 per 1,0002016: 0.26 per 1,0002017: 0.29 per 1,0002018: 0.35 per 1,0002019: 0.71 per 1,0002020: 0.58 per 1,0002021: 0.61 per 1,0002022: 0.92 per 1,0002023: 1.32 per 1,0002024: 1.57 per 1,000
Change over the period: +1.42 (+918.56%) Average annual rate: 15.61 %

Comparison, 2024

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

Laos 1.57 per 1,000
World 5.15 per 1,000
East Asia & Pacific 10.73 per 1,000
South-Eastern Asia computed 1.31 per 1,000
New business density — Laos, by year Laos All countries CSV XLSX
Year per 1,000 Change Change, %
2024 1.57 +0.25 +19.16%
2023 1.32 +0.4 +43.41%
2022 0.92 +0.31 +50.85%
2021 0.61 +0.03 +4.58%
2020 0.58 −0.12 −17.56%
2019 0.71 +0.35 +99.18%
2018 0.35 +0.06 +20.69%
2017 0.29 +0.03 +12.28%
2016 0.26 +0.02 +9.66%
2015 0.24 +0.01 +3.1%
2014 0.23 −0.08 −26.84%
2013 0.32 −0 −0.31%
2012 0.32 +0.11 +55.47%
2011 0.2 +0.01 +3.93%
2010 0.2 −0.27 −57.86%
2009 0.47 +0.31 +202.34%
2008 0.15

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.