New business density — all countries

New business density — Sierra Leone

New business density in Sierra Leone in 2024 — 0.73 per 1,000. Ranked 109 in the world out of 134. Since 2006, the indicator has risen by 554.4%.

2024 0.73 per 1,000 −7.58% vs 2023
World rank 109of 134
Period maximum 0.79 per 1,0002023
Period minimum 0.11 per 1,0002006

Trend over time

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

New business density — Sierra Leone, 2006–202400.20.40.60.820062008201020122014201620182020202220242006: 0.11 per 1,0002007: 0.12 per 1,0002008: 0.18 per 1,0002009: 0.21 per 1,0002010: 0.27 per 1,0002011: 0.24 per 1,0002012: 0.3 per 1,0002013: 0.29 per 1,0002014: 0.18 per 1,0002015: 0.25 per 1,0002016: 0.27 per 1,0002017: 0.35 per 1,0002018: 0.51 per 1,0002019: 0.53 per 1,0002020: 0.62 per 1,0002021: 0.72 per 1,0002022: 0.66 per 1,0002023: 0.79 per 1,0002024: 0.73 per 1,000
Change over the period: +0.62 (+554.36%) Average annual rate: 11 %

Comparison, 2024

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

Sierra Leone 0.73 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 — Sierra Leone, by year Sierra Leone All countries CSV XLSX
Year per 1,000 Change Change, %
2024 0.73 −0.06 −7.58%
2023 0.79 +0.14 +20.61%
2022 0.66 −0.06 −8.77%
2021 0.72 +0.1 +15.62%
2020 0.62 +0.09 +17.85%
2019 0.53 +0.01 +2.74%
2018 0.51 +0.17 +48.62%
2017 0.35 +0.07 +27.6%
2016 0.27 +0.02 +6.49%
2015 0.25 +0.07 +40.23%
2014 0.18 −0.11 −36.77%
2013 0.29 −0.02 −5.05%
2012 0.3 +0.06 +24.87%
2011 0.24 −0.03 −10.87%
2010 0.27 +0.06 +27.6%
2009 0.21 +0.04 +20.32%
2008 0.18 +0.05 +43.96%
2007 0.12 +0.01 +9.9%
2006 0.11

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.