New business density — all countries

New business density — Madagascar

New business density in Madagascar in 2024 — 0.12 per 1,000. Ranked 128 in the world out of 134. Since 2014, the indicator has risen by 5.1%.

2024 0.12 per 1,000 +2.08% vs 2023
World rank 128of 134
Period maximum 0.13 per 1,0002019
Period minimum 0.1 per 1,0002020

Trend over time

2014–2024 · per 1,000 people aged 15–64

New business density — Madagascar, 2014–20240.090.10.110.120.13201420152016201720182019202020212022202320242014: 0.11 per 1,0002015: 0.1 per 1,0002016: 0.1 per 1,0002017: 0.12 per 1,0002018: 0.11 per 1,0002019: 0.13 per 1,0002020: 0.1 per 1,0002021: 0.11 per 1,0002022: 0.11 per 1,0002023: 0.12 per 1,0002024: 0.12 per 1,000
Change over the period: +0.01 (+5.1%) Average annual rate: 0.5 %

Comparison, 2024

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

Madagascar 0.12 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 — Madagascar, by year Madagascar All countries CSV XLSX
Year per 1,000 Change Change, %
2024 0.12 +0 +2.08%
2023 0.12 +0.01 +5.8%
2022 0.11 +0.01 +5.98%
2021 0.11 +0.01 +7.3%
2020 0.1 −0.03 −23.43%
2019 0.13 +0.02 +13.56%
2018 0.11 −0 −3.64%
2017 0.12 +0.02 +19.09%
2016 0.1 −0 −3.45%
2015 0.1 −0.01 −11.16%
2014 0.11

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.