New business density — all countries

New business density — Southern Asia

New business density in Southern Asia in 2022 — 0.19 per 1,000. Since 2008, the indicator has risen by 87.6%.

2022 0.19 per 1,000 +0.79% vs 2021
World rank
Period maximum 0.19 per 1,0002020
Period minimum 0.09 per 1,0002009

Trend over time

2008–2022 · per 1,000 people aged 15–64

New business density — Southern Asia, 2008–20220.080.10.130.150.180.2200820102012201420162018202020222008: 0.1 per 1,0002009: 0.09 per 1,0002010: 0.11 per 1,0002011: 0.12 per 1,0002012: 0.13 per 1,0002013: 0.11 per 1,0002014: 0.09 per 1,0002015: 0.1 per 1,0002016: 0.12 per 1,0002017: 0.13 per 1,0002018: 0.15 per 1,0002019: 0.15 per 1,0002020: 0.19 per 1,0002021: 0.18 per 1,0002022: 0.19 per 1,000
Change over the period: +0.09 (+87.59%) Average annual rate: 4.6 %

Comparison, 2022

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

Southern Asia 0.19 per 1,000
World 4.89 per 1,000
New business density — Southern Asia, by year Southern Asia All countries CSV XLSX
Year per 1,000 Change Change, %
2022 0.19 +0 +0.79%
2021 0.18 −0 −0.88%
2020 0.19 +0.04 +26.71%
2019 0.15 −0 −1.02%
2018 0.15 +0.01 +11.09%
2017 0.13 +0.02 +13.35%
2016 0.12 +0.02 +14.75%
2015 0.1 +0.01 +10.73%
2014 0.09 −0.02 −16.16%
2013 0.11 −0.02 −13.21%
2012 0.13 +0 +1.82%
2011 0.12 +0.01 +8.8%
2010 0.11 +0.03 +30.19%
2009 0.09 −0.01 −10.82%
2008 0.1

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.