New business density — all countries

New business density — Panama

New business density in Panama in 2022 — 4.52 per 1,000. Ranked 50 in the world out of 154. Since 2013, the indicator has fallen by 62.9%.

2022 4.52 per 1,000 −12.71% vs 2021
World rank 50of 154
Period maximum 12.19 per 1,0002013
Period minimum 3.61 per 1,0002020

Trend over time

2013–2022 · per 1,000 people aged 15–64

New business density — Panama, 2013–202205101520132014201520162017201820192020202120222013: 12.19 per 1,0002014: 11.69 per 1,0002015: 10.35 per 1,0002016: 7.54 per 1,0002017: 5.84 per 1,0002018: 4.87 per 1,0002019: 5.1 per 1,0002020: 3.61 per 1,0002021: 5.18 per 1,0002022: 4.52 per 1,000
Change over the period: −7.67 (−62.91%) Average annual rate: -10.43 %

Comparison, 2022

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

Panama 4.52 per 1,000
World 4.89 per 1,000
Latin America & Caribbean 3.42 per 1,000
Central America computed 1.05 per 1,000
High-income countries computed 5.1 per 1,000
New business density — Panama, by year Panama All countries CSV XLSX
Year per 1,000 Change Change, %
2022 4.52 −0.66 −12.71%
2021 5.18 +1.57 +43.33%
2020 3.61 −1.48 −29.08%
2019 5.1 +0.23 +4.72%
2018 4.87 −0.97 −16.68%
2017 5.84 −1.7 −22.53%
2016 7.54 −2.81 −27.18%
2015 10.35 −1.33 −11.4%
2014 11.69 −0.5 −4.14%
2013 12.19

Central America, 2022

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.