New business density — all countries

New business density — South Asia

New business density in South Asia in 2024 — 0.16 per 1,000. Since 2006, the indicator has risen by 117.3%.

2024 0.16 per 1,000 +2.51% vs 2023
World rank
Period maximum 0.18 per 1,0002022
Period minimum 0.08 per 1,0002006

Trend over time

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

New business density — South Asia, 2006–20240.050.10.150.220062008201020122014201620182020202220242006: 0.08 per 1,0002007: 0.09 per 1,0002008: 0.11 per 1,0002009: 0.09 per 1,0002010: 0.12 per 1,0002011: 0.13 per 1,0002012: 0.14 per 1,0002013: 0.12 per 1,0002014: 0.1 per 1,0002015: 0.11 per 1,0002016: 0.13 per 1,0002017: 0.14 per 1,0002018: 0.15 per 1,0002019: 0.15 per 1,0002020: 0.17 per 1,0002021: 0.18 per 1,0002022: 0.18 per 1,0002023: 0.16 per 1,0002024: 0.16 per 1,000
Change over the period: +0.09 (+117.27%) Average annual rate: 4.41 %

Comparison, 2024

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

South Asia 0.16 per 1,000
World 5.15 per 1,000
New business density — South Asia, by year South Asia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 0.16 +0 +2.51%
2023 0.16 −0.02 −13.31%
2022 0.18 +0 +0.53%
2021 0.18 +0.02 +9.94%
2020 0.17 +0.02 +11.74%
2019 0.15 −0 −2%
2018 0.15 +0.01 +9.1%
2017 0.14 +0.01 +11.82%
2016 0.13 +0.02 +14.58%
2015 0.11 +0.01 +11.21%
2014 0.1 −0.02 −17.11%
2013 0.12 −0.02 −13.53%
2012 0.14 +0 +1.82%
2011 0.13 +0.01 +10.14%
2010 0.12 +0.03 +31.13%
2009 0.09 −0.01 −12.61%
2008 0.11 +0.01 +13.98%
2007 0.09 +0.02 +23.8%
2006 0.08

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.