New business density — all countries

New business density — Melanesia

New business density in Melanesia in 2018 — 0.85 per 1,000. Since 2006, the indicator has fallen by 92.7%.

2018 0.85 per 1,000 −47.28% vs 2017
World rank
Period maximum 11.65 per 1,0002006
Period minimum 0.27 per 1,0002008

Trend over time

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

New business density — Melanesia, 2006–201805101520062008201020122014201620182006: 11.65 per 1,0002007: 0.31 per 1,0002008: 0.27 per 1,0002009: 0.57 per 1,0002010: 0.78 per 1,0002011: 0.75 per 1,0002012: 0.72 per 1,0002013: 0.89 per 1,0002014: 1.02 per 1,0002015: 1.13 per 1,0002016: 1.37 per 1,0002017: 1.62 per 1,0002018: 0.85 per 1,000
Change over the period: −10.8 (−92.67%) Average annual rate: -19.57 %

Comparison, 2018

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

Melanesia 0.85 per 1,000
World 4.3 per 1,000
New business density — Melanesia, by year Melanesia All countries CSV XLSX
Year per 1,000 Change Change, %
2018 0.85 −0.77 −47.28%
2017 1.62 +0.25 +17.96%
2016 1.37 +0.24 +21.45%
2015 1.13 +0.11 +10.52%
2014 1.02 +0.13 +14.31%
2013 0.89 +0.17 +23.61%
2012 0.72 −0.03 −3.69%
2011 0.75 −0.03 −4.06%
2010 0.78 +0.21 +37.05%
2009 0.57 +0.3 +110.14%
2008 0.27 −0.04 −12.42%
2007 0.31 −11.34 −97.33%
2006 11.65

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.