New business density — all countries

New business density — Southern Africa

New business density in Southern Africa in 2024 — 11.23 per 1,000. Since 2006, the indicator has risen by 42.6%.

2024 11.23 per 1,000 +19.1% vs 2023
World rank
Period maximum 11.31 per 1,0002020
Period minimum 5.17 per 1,0002011

Trend over time

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

New business density — Southern Africa, 2006–2024468101220062008201020122014201620182020202220242006: 7.87 per 1,0002007: 8.42 per 1,0002008: 8.47 per 1,0002009: 7.49 per 1,0002010: 6.02 per 1,0002011: 5.17 per 1,0002012: 6.89 per 1,0002013: 7.07 per 1,0002014: 7.03 per 1,0002015: 9.52 per 1,0002016: 9.95 per 1,0002017: 9.85 per 1,0002018: 9.74 per 1,0002019: 9.87 per 1,0002020: 11.31 per 1,0002021: 11.11 per 1,0002022: 10.09 per 1,0002023: 9.43 per 1,0002024: 11.23 per 1,000
Change over the period: +3.35 (+42.61%) Average annual rate: 1.99 %

Comparison, 2024

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

Southern Africa 11.23 per 1,000
World 5.15 per 1,000
New business density — Southern Africa, by year Southern Africa All countries CSV XLSX
Year per 1,000 Change Change, %
2024 11.23 +1.8 +19.1%
2023 9.43 −0.67 −6.62%
2022 10.09 −1.02 −9.14%
2021 11.11 −0.2 −1.75%
2020 11.31 +1.44 +14.59%
2019 9.87 +0.13 +1.33%
2018 9.74 −0.11 −1.11%
2017 9.85 −0.1 −1.01%
2016 9.95 +0.42 +4.44%
2015 9.52 +2.49 +35.45%
2014 7.03 −0.03 −0.48%
2013 7.07 +0.17 +2.5%
2012 6.89 +1.73 +33.39%
2011 5.17 −0.85 −14.19%
2010 6.02 −1.47 −19.59%
2009 7.49 −0.98 −11.59%
2008 8.47 +0.05 +0.64%
2007 8.42 +0.55 +6.93%
2006 7.87

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.