New business density — all countries

New business density — Rwanda

New business density in Rwanda in 2024 — 2.72 per 1,000. Ranked 64 in the world out of 134. Since 2006, the indicator has risen by 5,466.3%.

2024 2.72 per 1,000 +20.11% vs 2023
World rank 64of 134
Period maximum 2.72 per 1,0002024
Period minimum 0.05 per 1,0002006

Trend over time

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

New business density — Rwanda, 2006–2024012320062008201020122014201620182020202220242006: 0.05 per 1,0002007: 0.06 per 1,0002008: 0.08 per 1,0002009: 0.24 per 1,0002010: 0.64 per 1,0002011: 1.04 per 1,0002012: 1.42 per 1,0002013: 1.51 per 1,0002014: 1.58 per 1,0002015: 1.52 per 1,0002016: 1.51 per 1,0002017: 1.46 per 1,0002018: 1.49 per 1,0002019: 1.72 per 1,0002020: 2.15 per 1,0002021: 2.26 per 1,0002022: 2.32 per 1,0002023: 2.26 per 1,0002024: 2.72 per 1,000
Change over the period: +2.67 (+5,466.25%) Average annual rate: 25.02 %

Comparison, 2024

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

Rwanda 2.72 per 1,000
World 5.15 per 1,000
Sub-Saharan Africa computed 2.26 per 1,000
Eastern Africa computed 1.1 per 1,000
New business density — Rwanda, by year Rwanda All countries CSV XLSX
Year per 1,000 Change Change, %
2024 2.72 +0.45 +20.11%
2023 2.26 −0.06 −2.5%
2022 2.32 +0.06 +2.56%
2021 2.26 +0.11 +5.25%
2020 2.15 +0.42 +24.61%
2019 1.72 +0.23 +15.61%
2018 1.49 +0.04 +2.48%
2017 1.46 −0.05 −3.64%
2016 1.51 −0.01 −0.63%
2015 1.52 −0.06 −3.78%
2014 1.58 +0.07 +4.68%
2013 1.51 +0.09 +6.17%
2012 1.42 +0.38 +37.04%
2011 1.04 +0.39 +61.18%
2010 0.64 +0.41 +170.09%
2009 0.24 +0.16 +196.26%
2008 0.08 +0.02 +33.25%
2007 0.06 +0.01 +23.67%
2006 0.05

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.