New business density — all countries

New business density — Latin America & Caribbean

New business density in Latin America & Caribbean in 2024 — 3.68 per 1,000. Since 2006, the indicator has risen by 138.7%.

2024 3.68 per 1,000 +3.73% vs 2023
World rank
Period maximum 3.68 per 1,0002024
Period minimum 1.54 per 1,0002006

Trend over time

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

New business density — Latin America & Caribbean, 2006–2024123420062008201020122014201620182020202220242006: 1.54 per 1,0002007: 1.71 per 1,0002008: 1.88 per 1,0002009: 1.86 per 1,0002010: 1.95 per 1,0002011: 2.06 per 1,0002012: 2 per 1,0002013: 2.1 per 1,0002014: 2.05 per 1,0002015: 2.02 per 1,0002016: 2.03 per 1,0002017: 2.22 per 1,0002018: 2.36 per 1,0002019: 2.59 per 1,0002020: 2.69 per 1,0002021: 3.5 per 1,0002022: 3.42 per 1,0002023: 3.55 per 1,0002024: 3.68 per 1,000
Change over the period: +2.14 (+138.67%) Average annual rate: 4.95 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Latin America & Caribbean

Latin America & Caribbean 3.68 per 1,000
World 5.15 per 1,000
New business density — Latin America & Caribbean, by year Latin America & Caribbean All countries CSV XLSX
Year per 1,000 Change Change, %
2024 3.68 +0.13 +3.73%
2023 3.55 +0.13 +3.8%
2022 3.42 −0.09 −2.43%
2021 3.5 +0.82 +30.46%
2020 2.69 +0.1 +3.78%
2019 2.59 +0.23 +9.59%
2018 2.36 +0.15 +6.58%
2017 2.22 +0.19 +9.29%
2016 2.03 +0.01 +0.39%
2015 2.02 −0.03 −1.29%
2014 2.05 −0.05 −2.47%
2013 2.1 +0.09 +4.69%
2012 2 −0.05 −2.52%
2011 2.06 +0.1 +5.21%
2010 1.95 +0.09 +5.01%
2009 1.86 −0.02 −0.85%
2008 1.88 +0.17 +9.67%
2007 1.71 +0.17 +10.95%
2006 1.54

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.