New business density — all countries

New business density — Philippines

New business density in the Philippines in 2024 — 0.51 per 1,000. Ranked 118 in the world out of 134. Since 2006, the indicator has risen by 104%.

2024 0.51 per 1,000 +6.05% vs 2023
World rank 118of 134
Period maximum 0.51 per 1,0002024
Period minimum 0.2 per 1,0002010

Trend over time

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

New business density — Philippines, 2006–20240.10.20.30.40.50.620062008201020122014201620182020202220242006: 0.25 per 1,0002007: 0.22 per 1,0002008: 0.24 per 1,0002009: 0.2 per 1,0002010: 0.2 per 1,0002011: 0.29 per 1,0002012: 0.3 per 1,0002013: 0.32 per 1,0002014: 0.33 per 1,0002015: 0.32 per 1,0002016: 0.33 per 1,0002017: 0.35 per 1,0002018: 0.29 per 1,0002019: 0.31 per 1,0002020: 0.21 per 1,0002021: 0.37 per 1,0002022: 0.41 per 1,0002023: 0.48 per 1,0002024: 0.51 per 1,000
Change over the period: +0.26 (+103.95%) Average annual rate: 4.04 %

Comparison, 2024

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

Philippines 0.51 per 1,000
World 5.15 per 1,000
East Asia & Pacific 10.73 per 1,000
South-Eastern Asia computed 1.31 per 1,000
New business density — Philippines, by year Philippines All countries CSV XLSX
Year per 1,000 Change Change, %
2024 0.51 +0.03 +6.05%
2023 0.48 +0.07 +17.23%
2022 0.41 +0.04 +11.11%
2021 0.37 +0.16 +75.3%
2020 0.21 −0.1 −31.77%
2019 0.31 +0.02 +6.85%
2018 0.29 −0.07 −19.05%
2017 0.35 +0.02 +6.68%
2016 0.33 +0.01 +2.36%
2015 0.32 −0 −0.24%
2014 0.33 +0.01 +1.97%
2013 0.32 +0.02 +6.68%
2012 0.3 +0.01 +3.23%
2011 0.29 +0.09 +45.65%
2010 0.2 −0 −0.21%
2009 0.2 −0.04 −16.99%
2008 0.24 +0.02 +7.24%
2007 0.22 −0.02 −9.83%
2006 0.25

South-Eastern Asia, 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.