New business density — all countries

New business density — Saint Vincent and the Grenadines

New business density in Saint Vincent and the Grenadines in 2020 — 4.66 per 1,000. Ranked 42 in the world out of 166. Since 2006, the indicator has risen by 111.4%.

2020 4.66 per 1,000 +14.46% vs 2019
World rank 42of 166
Period maximum 5.89 per 1,0002018
Period minimum 1.66 per 1,0002016

Trend over time

2006–2020 · per 1,000 people aged 15–64

New business density — Saint Vincent and the Grenadines, 2006–20200246200620082010201220142016201820202006: 2.2 per 1,0002007: 2.9 per 1,0002008: 2.3 per 1,0002009: 1.81 per 1,0002010: 1.92 per 1,0002011: 1.86 per 1,0002012: 1.76 per 1,0002013: 1.85 per 1,0002014: 1.74 per 1,0002015: 1.67 per 1,0002016: 1.66 per 1,0002017: 2.47 per 1,0002018: 5.89 per 1,0002019: 4.07 per 1,0002020: 4.66 per 1,000
Change over the period: +2.45 (+111.36%) Average annual rate: 5.49 %

Comparison, 2020

How the value compares with the world and the groups this territory belongs to: Saint Vincent and the Grenadines

Saint Vincent and the Grenadines 4.66 per 1,000
World 4.35 per 1,000
Latin America & Caribbean 2.69 per 1,000
Upper-middle-income countries computed 8.85 per 1,000
New business density — Saint Vincent and the Grenadines, by year Saint Vincent and the Grenadines All countries CSV XLSX
Year per 1,000 Change Change, %
2020 4.66 +0.59 +14.46%
2019 4.07 −1.82 −30.86%
2018 5.89 +3.41 +138.09%
2017 2.47 +0.81 +49.05%
2016 1.66 −0.01 −0.45%
2015 1.67 −0.08 −4.49%
2014 1.74 −0.11 −5.75%
2013 1.85 +0.09 +4.95%
2012 1.76 −0.09 −4.95%
2011 1.86 −0.06 −3.3%
2010 1.92 +0.11 +6.22%
2009 1.81 −0.5 −21.62%
2008 2.3 −0.6 −20.63%
2007 2.9 +0.7 +31.76%
2006 2.2

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.