New business density — all countries

New business density — Saudi Arabia

New business density in Saudi Arabia in 2024 — 5.46 per 1,000. Ranked 45 in the world out of 134. Since 2006, the indicator has risen by 1,355.8%.

2024 5.46 per 1,000 +184.66% vs 2023
World rank 45of 134
Period maximum 5.46 per 1,0002024
Period minimum 0.37 per 1,0002006

Trend over time

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

New business density — Saudi Arabia, 2006–2024024620062008201020122014201620182020202220242006: 0.37 per 1,0002007: 0.44 per 1,0002008: 0.5 per 1,0002009: 0.47 per 1,0002010: 0.54 per 1,0002011: 0.59 per 1,0002012: 0.69 per 1,0002013: 0.74 per 1,0002014: 0.79 per 1,0002015: 0.85 per 1,0002016: 0.77 per 1,0002017: 0.82 per 1,0002018: 0.95 per 1,0002019: 1.16 per 1,0002020: 1 per 1,0002021: 1.35 per 1,0002022: 1.4 per 1,0002023: 1.92 per 1,0002024: 5.46 per 1,000
Change over the period: +5.08 (+1,355.78%) Average annual rate: 16.04 %

Comparison, 2024

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

Saudi Arabia 5.46 per 1,000
World 5.15 per 1,000
Western Asia computed 2.86 per 1,000
New business density — Saudi Arabia, by year Saudi Arabia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 5.46 +3.54 +184.66%
2023 1.92 +0.52 +36.76%
2022 1.4 +0.05 +3.78%
2021 1.35 +0.35 +35.46%
2020 1 −0.16 −13.72%
2019 1.16 +0.2 +21.14%
2018 0.95 +0.13 +16.4%
2017 0.82 +0.05 +7.09%
2016 0.77 −0.09 −10.17%
2015 0.85 +0.06 +7.51%
2014 0.79 +0.05 +7.11%
2013 0.74 +0.05 +7.23%
2012 0.69 +0.1 +17.01%
2011 0.59 +0.05 +9.4%
2010 0.54 +0.07 +13.95%
2009 0.47 −0.03 −5.57%
2008 0.5 +0.06 +13.71%
2007 0.44 +0.07 +17.52%
2006 0.37

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.