New business density — all countries

New business density — Namibia

New business density in Namibia in 2024 — 6.74 per 1,000. Ranked 38 in the world out of 134. Since 2006, the indicator has risen by 170.2%.

2024 6.74 per 1,000 +2.37% vs 2023
World rank 38of 134
Period maximum 12.32 per 1,0002016
Period minimum 2.49 per 1,0002006

Trend over time

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

New business density — Namibia, 2006–202405101520062008201020122014201620182020202220242006: 2.49 per 1,0002007: 3.42 per 1,0002008: 4.95 per 1,0002009: 5.15 per 1,0002010: 5.22 per 1,0002011: 6.6 per 1,0002012: 8.88 per 1,0002013: 10.77 per 1,0002014: 11.23 per 1,0002015: 11.96 per 1,0002016: 12.32 per 1,0002017: 9.14 per 1,0002018: 8.16 per 1,0002019: 6.56 per 1,0002020: 6.02 per 1,0002021: 7.99 per 1,0002022: 7.21 per 1,0002023: 6.58 per 1,0002024: 6.74 per 1,000
Change over the period: +4.24 (+170.2%) Average annual rate: 5.68 %

Comparison, 2024

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

Namibia 6.74 per 1,000
World 5.15 per 1,000
Sub-Saharan Africa computed 2.26 per 1,000
Southern Africa computed 11.23 per 1,000
Upper-middle-income countries computed 9.96 per 1,000
New business density — Namibia, by year Namibia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 6.74 +0.16 +2.37%
2023 6.58 −0.63 −8.68%
2022 7.21 −0.79 −9.85%
2021 7.99 +1.98 +32.89%
2020 6.02 −0.54 −8.23%
2019 6.56 −1.6 −19.63%
2018 8.16 −0.98 −10.71%
2017 9.14 −3.18 −25.83%
2016 12.32 +0.36 +2.99%
2015 11.96 +0.73 +6.48%
2014 11.23 +0.46 +4.24%
2013 10.77 +1.89 +21.34%
2012 8.88 +2.28 +34.61%
2011 6.6 +1.37 +26.29%
2010 5.22 +0.07 +1.37%
2009 5.15 +0.2 +4.03%
2008 4.95 +1.54 +44.95%
2007 3.42 +0.92 +37.04%
2006 2.49

Southern Africa, 2024

The same indicator for neighboring countries — with links to their pages

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.