New business density — all countries

New business density — Western Asia

New business density in Western Asia in 2024 — 2.86 per 1,000. Since 2006, the indicator has risen by 162.1%.

2024 2.86 per 1,000 +27.79% vs 2023
World rank
Period maximum 2.86 per 1,0002024
Period minimum 0.96 per 1,0002009

Trend over time

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

New business density — Western Asia, 2006–2024012320062008201020122014201620182020202220242006: 1.09 per 1,0002007: 1.18 per 1,0002008: 1.11 per 1,0002009: 0.96 per 1,0002010: 1.06 per 1,0002011: 1.12 per 1,0002012: 1 per 1,0002013: 1.11 per 1,0002014: 1.19 per 1,0002015: 1.25 per 1,0002016: 1.32 per 1,0002017: 1.48 per 1,0002018: 1.64 per 1,0002019: 1.55 per 1,0002020: 1.47 per 1,0002021: 1.54 per 1,0002022: 1.84 per 1,0002023: 2.24 per 1,0002024: 2.86 per 1,000
Change over the period: +1.77 (+162.14%) Average annual rate: 5.5 %

Comparison, 2024

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

Western Asia 2.86 per 1,000
World 5.15 per 1,000
New business density — Western Asia, by year Western Asia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 2.86 +0.62 +27.79%
2023 2.24 +0.4 +21.54%
2022 1.84 +0.3 +19.58%
2021 1.54 +0.07 +4.96%
2020 1.47 −0.08 −5.22%
2019 1.55 −0.09 −5.51%
2018 1.64 +0.16 +10.71%
2017 1.48 +0.15 +11.68%
2016 1.32 +0.07 +5.64%
2015 1.25 +0.07 +5.62%
2014 1.19 +0.07 +6.44%
2013 1.11 +0.11 +11.02%
2012 1 −0.11 −10.16%
2011 1.12 +0.06 +5.57%
2010 1.06 +0.1 +10.84%
2009 0.96 −0.16 −14.07%
2008 1.11 −0.07 −5.83%
2007 1.18 +0.09 +8.26%
2006 1.09

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.