New business density — all countries

New business density — Saint Kitts and Nevis

New business density in Saint Kitts and Nevis in 2024 — 18.72 per 1,000. Ranked 10 in the world out of 134. Since 2006, the indicator has risen by 48.2%.

2024 18.72 per 1,000 −34.61% vs 2023
World rank 10of 134
Period maximum 28.63 per 1,0002023
Period minimum 5.99 per 1,0002011

Trend over time

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

New business density — Saint Kitts and Nevis, 2006–2024010203020062008201020122014201620182020202220242006: 12.63 per 1,0002007: 10.71 per 1,0002008: 11.71 per 1,0002009: 8.81 per 1,0002010: 9.36 per 1,0002011: 5.99 per 1,0002012: 6.08 per 1,0002013: 6.86 per 1,0002014: 6.64 per 1,0002015: 6.19 per 1,0002016: 22.56 per 1,0002017: 19.19 per 1,0002018: 19.05 per 1,0002019: 13.45 per 1,0002020: 14.83 per 1,0002021: 21.35 per 1,0002022: 21.92 per 1,0002023: 28.63 per 1,0002024: 18.72 per 1,000
Change over the period: +6.09 (+48.21%) Average annual rate: 2.21 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Saint Kitts and Nevis

Saint Kitts and Nevis 18.72 per 1,000
World 5.15 per 1,000
Latin America & Caribbean 3.68 per 1,000
New business density — Saint Kitts and Nevis, by year Saint Kitts and Nevis All countries CSV XLSX
Year per 1,000 Change Change, %
2024 18.72 −9.91 −34.61%
2023 28.63 +6.7 +30.57%
2022 21.92 +0.58 +2.7%
2021 21.35 +6.52 +43.95%
2020 14.83 +1.38 +10.26%
2019 13.45 −5.6 −29.4%
2018 19.05 −0.14 −0.72%
2017 19.19 −3.37 −14.92%
2016 22.56 +16.37 +264.4%
2015 6.19 −0.45 −6.74%
2014 6.64 −0.23 −3.29%
2013 6.86 +0.79 +12.95%
2012 6.08 +0.09 +1.46%
2011 5.99 −3.37 −36.04%
2010 9.36 +0.55 +6.29%
2009 8.81 −2.9 −24.76%
2008 11.71 +1 +9.32%
2007 10.71 −1.92 −15.2%
2006 12.63

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.