New business density — all countries

New business density — Puerto Rico

New business density in Puerto Rico in 2020 — 5.33 per 1,000. Ranked 37 in the world out of 166. Since 2015, the indicator has risen by 156.1%.

2020 5.33 per 1,000 +9.26% vs 2019
World rank 37of 166
Period maximum 5.33 per 1,0002020
Period minimum 2.08 per 1,0002015

Trend over time

2015–2020 · per 1,000 people aged 15–64

New business density — Puerto Rico, 2015–2020234562015201620172018201920202015: 2.08 per 1,0002016: 2.45 per 1,0002017: 2.62 per 1,0002018: 4.01 per 1,0002019: 4.88 per 1,0002020: 5.33 per 1,000
Change over the period: +3.25 (+156.1%) Average annual rate: 20.69 %

Comparison, 2020

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

Puerto Rico 5.33 per 1,000
World 4.35 per 1,000
Latin America & Caribbean 2.69 per 1,000
High-income countries computed 4.51 per 1,000
New business density — Puerto Rico, by year Puerto Rico All countries CSV XLSX
Year per 1,000 Change Change, %
2020 5.33 +0.45 +9.26%
2019 4.88 +0.87 +21.72%
2018 4.01 +1.38 +52.79%
2017 2.62 +0.17 +7.12%
2016 2.45 +0.37 +17.65%
2015 2.08

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.