New business density — all countries

New business density — Myanmar

New business density in Myanmar in 2018 — 0.39 per 1,000. Ranked 143 in the world out of 173. Since 2006, the indicator has risen by 2,212.7%.

2018 0.39 per 1,000 +84.29% vs 2017
World rank 143of 173
Period maximum 0.39 per 1,0002018
Period minimum 0.02 per 1,0002006

Trend over time

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

New business density — Myanmar, 2006–201800.10.20.30.420062008201020122014201620182006: 0.02 per 1,0002007: 0.02 per 1,0002008: 0.02 per 1,0002009: 0.02 per 1,0002010: 0.04 per 1,0002011: 0.06 per 1,0002012: 0.09 per 1,0002013: 0.12 per 1,0002014: 0.13 per 1,0002015: 0.14 per 1,0002016: 0.19 per 1,0002017: 0.21 per 1,0002018: 0.39 per 1,000
Change over the period: +0.38 (+2,212.69%) Average annual rate: 29.92 %

Comparison, 2018

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

Myanmar 0.39 per 1,000
World 4.3 per 1,000
East Asia & Pacific 9.36 per 1,000
South-Eastern Asia computed 0.85 per 1,000
Lower-middle-income countries computed 0.42 per 1,000
New business density — Myanmar, by year Myanmar All countries CSV XLSX
Year per 1,000 Change Change, %
2018 0.39 +0.18 +84.29%
2017 0.21 +0.02 +12.34%
2016 0.19 +0.05 +38.44%
2015 0.14 +0.01 +4.29%
2014 0.13 +0.01 +9.61%
2013 0.12 +0.03 +30.72%
2012 0.09 +0.03 +56.26%
2011 0.06 +0.02 +61.81%
2010 0.04 +0.01 +54.74%
2009 0.02 +0 +6.34%
2008 0.02 +0.01 +29.42%
2007 0.02 +0 +0.28%
2006 0.02

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.