New business density — all countries

New business density — Sub-Saharan Africa

New business density in Sub-Saharan Africa in 2024 — 2.26 per 1,000. Since 2011, the indicator has risen by 102.5%.

2024 2.26 per 1,000 +5.21% vs 2023
World rank
Period maximum 2.26 per 1,0002024
Period minimum 1.12 per 1,0002011

Trend over time

2011–2024 · per 1,000 people aged 15–64

New business density — Sub-Saharan Africa, 2011–202411.522.5201120132015201720192021202320242011: 1.12 per 1,0002012: 1.31 per 1,0002013: 1.19 per 1,0002014: 1.12 per 1,0002015: 1.36 per 1,0002016: 1.4 per 1,0002017: 1.41 per 1,0002018: 1.46 per 1,0002019: 1.58 per 1,0002020: 1.68 per 1,0002021: 1.81 per 1,0002022: 1.86 per 1,0002023: 2.15 per 1,0002024: 2.26 per 1,000
Change over the period: +1.14 (+102.49%) Average annual rate: 5.58 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Sub-Saharan Africa

Sub-Saharan Africa 2.26 per 1,000
World 5.15 per 1,000
New business density — Sub-Saharan Africa, by year Sub-Saharan Africa All countries CSV XLSX
Year per 1,000 Change Change, %
2024 2.26 +0.11 +5.21%
2023 2.15 +0.29 +15.31%
2022 1.86 +0.06 +3.12%
2021 1.81 +0.12 +7.25%
2020 1.68 +0.11 +6.66%
2019 1.58 +0.12 +8.11%
2018 1.46 +0.05 +3.55%
2017 1.41 +0.01 +0.53%
2016 1.4 +0.04 +3.17%
2015 1.36 +0.24 +21.44%
2014 1.12 −0.07 −5.66%
2013 1.19 −0.12 −9.17%
2012 1.31 +0.19 +17.11%
2011 1.12

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.