New business density — all countries

New business density — Micronesia

New business density in Micronesia in 2018 — 0.37 per 1,000. Ranked 146 in the world out of 173. Since 2018, the indicator has risen by 0%.

2018 0.37 per 1,000
World rank 146of 173
Period maximum 0.37 per 1,0002018
Period minimum 0.37 per 1,0002018

Trend over time

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

Change over the period: +0 (+0%)

Comparison, 2018

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

Micronesia 0.37 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 — Micronesia, by year Micronesia All countries CSV XLSX
Year per 1,000 Change Change, %
2018 0.37

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.