New business density — all countries

New business density — Solomon Islands

New business density in the Solomon Islands in 2018 — 1.09 per 1,000. Ranked 110 in the world out of 173. Since 2006, the indicator has risen by 724.4%.

2018 1.09 per 1,000 +28.31% vs 2017
World rank 110of 173
Period maximum 1.09 per 1,0002018
Period minimum 0.13 per 1,0002009

Trend over time

2006–2018 · per 1,000 people aged 15–64

New business density — Solomon Islands, 2006–201800.511.520062008201020122014201620182006: 0.13 per 1,0002007: 0.17 per 1,0002008: 0.16 per 1,0002009: 0.13 per 1,0002010: 0.29 per 1,0002011: 0.31 per 1,0002012: 0.34 per 1,0002013: 0.34 per 1,0002014: 0.39 per 1,0002015: 0.52 per 1,0002016: 0.53 per 1,0002017: 0.85 per 1,0002018: 1.09 per 1,000
Change over the period: +0.96 (+724.44%) Average annual rate: 19.22 %

Comparison, 2018

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

Solomon Islands 1.09 per 1,000
World 4.3 per 1,000
East Asia & Pacific 9.36 per 1,000
Melanesia computed 0.85 per 1,000
Lower-middle-income countries computed 0.42 per 1,000
New business density — Solomon Islands, by year Solomon Islands All countries CSV XLSX
Year per 1,000 Change Change, %
2018 1.09 +0.24 +28.31%
2017 0.85 +0.32 +60.96%
2016 0.53 +0.01 +2.32%
2015 0.52 +0.12 +31.19%
2014 0.39 +0.05 +14.46%
2013 0.34 +0 +1.35%
2012 0.34 +0.03 +7.94%
2011 0.31 +0.03 +9.64%
2010 0.29 +0.15 +117.03%
2009 0.13 −0.03 −17.14%
2008 0.16 −0.01 −5.97%
2007 0.17 +0.04 +28.11%
2006 0.13

Melanesia, 2018

The same indicator for neighboring countries — with links to their pages

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.