New business density in Western Africa in 2024 — 2.11 per 1,000. Since 2011, the indicator has risen by 230.3%.
2011–2024 · per 1,000 people aged 15–64
How the value compares with the world and the groups this territory belongs to: Western Africa
| Year | per 1,000 | Change | Change, % |
|---|---|---|---|
| 2024 | 2.11 | −0.28 | −11.61% |
| 2023 | 2.39 | +0.86 | +56.22% |
| 2022 | 1.53 | +0.25 | +19.37% |
| 2021 | 1.28 | +0.23 | +21.53% |
| 2020 | 1.05 | +0.02 | +1.7% |
| 2019 | 1.04 | +0.04 | +4.17% |
| 2018 | 0.99 | +0.11 | +12.71% |
| 2017 | 0.88 | +0.06 | +7.95% |
| 2016 | 0.82 | +0.1 | +14.51% |
| 2015 | 0.71 | +0.04 | +5.69% |
| 2014 | 0.67 | +0.02 | +2.94% |
| 2013 | 0.66 | −0.02 | −2.28% |
| 2012 | 0.67 | +0.03 | +5.06% |
| 2011 | 0.64 | — | — |
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.