New business density — all countries

New business density — Eastern Asia

New business density in Eastern Asia in 2023 — 18.21 per 1,000. Since 2008, the indicator has risen by 401.3%.

2023 18.21 per 1,000 +26.97% vs 2022
World rank
Period maximum 18.21 per 1,0002023
Period minimum 3.63 per 1,0002008

Trend over time

2008–2023 · per 1,000 people aged 15–64

New business density — Eastern Asia, 2008–2023051015202008201020122014201620182020202220232008: 3.63 per 1,0002009: 4.66 per 1,0002010: 5.47 per 1,0002011: 5.95 per 1,0002012: 6 per 1,0002013: 6.75 per 1,0002014: 10.29 per 1,0002015: 11.76 per 1,0002016: 13.44 per 1,0002017: 12.73 per 1,0002018: 12.87 per 1,0002019: 12.09 per 1,0002020: 13.02 per 1,0002021: 17.27 per 1,0002022: 14.34 per 1,0002023: 18.21 per 1,000
Change over the period: +14.58 (+401.26%) Average annual rate: 11.34 %

Comparison, 2023

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

Eastern Asia 18.21 per 1,000
World 6.12 per 1,000
New business density — Eastern Asia, by year Eastern Asia All countries CSV XLSX
Year per 1,000 Change Change, %
2023 18.21 +3.87 +26.97%
2022 14.34 −2.93 −16.97%
2021 17.27 +4.25 +32.62%
2020 13.02 +0.93 +7.72%
2019 12.09 −0.78 −6.09%
2018 12.87 +0.15 +1.17%
2017 12.73 −0.71 −5.28%
2016 13.44 +1.67 +14.21%
2015 11.76 +1.48 +14.34%
2014 10.29 +3.53 +52.34%
2013 6.75 +0.75 +12.55%
2012 6 +0.05 +0.81%
2011 5.95 +0.48 +8.86%
2010 5.47 +0.8 +17.23%
2009 4.66 +1.03 +28.42%
2008 3.63

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.