New business density — all countries

New business density — Papua New Guinea

New business density in Papua New Guinea in 2020 — 0.67 per 1,000. Ranked 124 in the world out of 166. Since 2018, the indicator has risen by 0.5%.

2020 0.67 per 1,000 +3.64% vs 2019
World rank 124of 166
Period maximum 0.67 per 1,0002020
Period minimum 0.65 per 1,0002019

Trend over time

2018–2020 · per 1,000 people aged 15–64

New business density — Papua New Guinea, 2018–20200.640.650.660.670.682018201920202018: 0.67 per 1,0002019: 0.65 per 1,0002020: 0.67 per 1,000
Change over the period: +0 (+0.53%) Average annual rate: 0.26 %

Comparison, 2020

How the value compares with the world and the groups this territory belongs to: Papua New Guinea

Papua New Guinea 0.67 per 1,000
World 4.35 per 1,000
East Asia & Pacific 9.6 per 1,000
Lower-middle-income countries computed 0.47 per 1,000
New business density — Papua New Guinea, by year Papua New Guinea All countries CSV XLSX
Year per 1,000 Change Change, %
2020 0.67 +0.02 +3.64%
2019 0.65 −0.02 −3%
2018 0.67

Melanesia, 2020

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

FJ Fiji 1.89 PG Papua New Guinea 0.67

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.