New business density — all countries

New business density — Senegal

New business density in Senegal in 2024 — 1.22 per 1,000. Ranked 96 in the world out of 134. Since 2006, the indicator has risen by 225.7%.

2024 1.22 per 1,000 −1.73% vs 2023
World rank 96of 134
Period maximum 1.3 per 1,0002021
Period minimum 0.34 per 1,0002014

Trend over time

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

New business density — Senegal, 2006–202400.511.520062008201020122014201620182020202220242006: 0.37 per 1,0002007: 0.87 per 1,0002008: 0.6 per 1,0002009: 0.75 per 1,0002010: 0.56 per 1,0002011: 0.55 per 1,0002012: 0.54 per 1,0002013: 0.56 per 1,0002014: 0.34 per 1,0002015: 0.54 per 1,0002016: 0.85 per 1,0002017: 0.89 per 1,0002018: 0.96 per 1,0002019: 0.92 per 1,0002020: 0.94 per 1,0002021: 1.3 per 1,0002022: 1.23 per 1,0002023: 1.24 per 1,0002024: 1.22 per 1,000
Change over the period: +0.85 (+225.65%) Average annual rate: 6.78 %

Comparison, 2024

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

Senegal 1.22 per 1,000
World 5.15 per 1,000
Sub-Saharan Africa computed 2.26 per 1,000
Western Africa computed 2.11 per 1,000
New business density — Senegal, by year Senegal All countries CSV XLSX
Year per 1,000 Change Change, %
2024 1.22 −0.02 −1.73%
2023 1.24 +0.01 +0.76%
2022 1.23 −0.06 −4.97%
2021 1.3 +0.36 +38.34%
2020 0.94 +0.02 +2.22%
2019 0.92 −0.05 −4.93%
2018 0.96 +0.08 +8.63%
2017 0.89 +0.04 +4.23%
2016 0.85 +0.31 +57.06%
2015 0.54 +0.2 +59.29%
2014 0.34 −0.22 −39.67%
2013 0.56 +0.02 +3.71%
2012 0.54 −0.01 −1.31%
2011 0.55 −0 −0.9%
2010 0.56 −0.19 −25.64%
2009 0.75 +0.15 +24.44%
2008 0.6 −0.27 −31.07%
2007 0.87 +0.5 +132.84%
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.