New business density — all countries

New business density — South America

New business density in South America in 2023 — 4.51 per 1,000. Since 2013, the indicator has risen by 76.8%.

2023 4.51 per 1,000 +3.54% vs 2022
World rank
Period maximum 4.51 per 1,0002023
Period minimum 2.41 per 1,0002016

Trend over time

2013–2023 · per 1,000 people aged 15–64

New business density — South America, 2013–20232345201320142015201620172018201920202021202220232013: 2.55 per 1,0002014: 2.48 per 1,0002015: 2.43 per 1,0002016: 2.41 per 1,0002017: 2.62 per 1,0002018: 2.79 per 1,0002019: 3.12 per 1,0002020: 3.36 per 1,0002021: 4.47 per 1,0002022: 4.36 per 1,0002023: 4.51 per 1,000
Change over the period: +1.96 (+76.8%) Average annual rate: 5.86 %

Comparison, 2023

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

South America 4.51 per 1,000
World 6.12 per 1,000
New business density — South America, by year South America All countries CSV XLSX
Year per 1,000 Change Change, %
2023 4.51 +0.15 +3.54%
2022 4.36 −0.11 −2.47%
2021 4.47 +1.11 +32.99%
2020 3.36 +0.24 +7.79%
2019 3.12 +0.33 +11.76%
2018 2.79 +0.17 +6.67%
2017 2.62 +0.21 +8.52%
2016 2.41 −0.02 −0.68%
2015 2.43 −0.05 −2.13%
2014 2.48 −0.07 −2.87%
2013 2.55

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.