New business density — all countries

New business density — OPEC

New business density in OPEC in 2020 — 0.75 per 1,000. Since 2006, the indicator has risen by 62.1%.

2020 0.75 per 1,000 −10.76% vs 2019
World rank
Period maximum 0.84 per 1,0002019
Period minimum 0.46 per 1,0002006

Trend over time

2006–2020 · per 1,000 people aged 15–64

New business density — OPEC, 2006–20200.40.50.60.70.80.9200620082010201220142016201820202006: 0.46 per 1,0002007: 0.54 per 1,0002008: 0.69 per 1,0002009: 0.64 per 1,0002010: 0.62 per 1,0002011: 0.68 per 1,0002012: 0.75 per 1,0002013: 0.71 per 1,0002014: 0.71 per 1,0002015: 0.7 per 1,0002016: 0.71 per 1,0002017: 0.75 per 1,0002018: 0.84 per 1,0002019: 0.84 per 1,0002020: 0.75 per 1,000
Change over the period: +0.29 (+62.07%) Average annual rate: 3.51 %

Comparison, 2020

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

OPEC 0.75 per 1,000
World 4.35 per 1,000
New business density — OPEC, by year OPEC All countries CSV XLSX
Year per 1,000 Change Change, %
2020 0.75 −0.09 −10.76%
2019 0.84 +0.01 +0.66%
2018 0.84 +0.08 +11.05%
2017 0.75 +0.04 +5.89%
2016 0.71 +0.02 +2.39%
2015 0.7 −0.01 −1.7%
2014 0.71 −0 −0.56%
2013 0.71 −0.04 −5.14%
2012 0.75 +0.07 +10.56%
2011 0.68 +0.06 +9.02%
2010 0.62 −0.02 −2.88%
2009 0.64 −0.05 −6.7%
2008 0.69 +0.14 +26.39%
2007 0.54 +0.08 +17.06%
2006 0.46

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.