New business density — all countries

New business density — Tanzania

New business density in Tanzania in 2018 — 0.17 per 1,000. Ranked 156 in the world out of 173. Since 2006, the indicator has fallen by 2.9%.

2018 0.17 per 1,000 −21.67% vs 2017
World rank 156of 173
Period maximum 0.34 per 1,0002013
Period minimum 0.17 per 1,0002018

Trend over time

2006–2018 · per 1,000 people aged 15–64

New business density — Tanzania, 2006–20180.150.20.250.30.3520062008201020122014201620182006: 0.18 per 1,0002007: 0.2 per 1,0002008: 0.23 per 1,0002009: 0.22 per 1,0002010: 0.29 per 1,0002011: 0.32 per 1,0002012: 0.33 per 1,0002013: 0.34 per 1,0002014: 0.33 per 1,0002015: 0.33 per 1,0002016: 0.29 per 1,0002017: 0.22 per 1,0002018: 0.17 per 1,000
Change over the period: −0.01 (−2.87%) Average annual rate: -0.24 %

Comparison, 2018

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

Tanzania 0.17 per 1,000
World 4.3 per 1,000
Sub-Saharan Africa 1.46 per 1,000
Eastern Africa computed 0.65 per 1,000
Lower-middle-income countries computed 0.42 per 1,000
New business density — Tanzania, by year Tanzania All countries CSV XLSX
Year per 1,000 Change Change, %
2018 0.17 −0.05 −21.67%
2017 0.22 −0.07 −24.8%
2016 0.29 −0.03 −9.99%
2015 0.33 −0.01 −2.3%
2014 0.33 −0.01 −2.12%
2013 0.34 +0.01 +3.17%
2012 0.33 +0.01 +3.6%
2011 0.32 +0.03 +8.65%
2010 0.29 +0.07 +32.3%
2009 0.22 −0.01 −3.63%
2008 0.23 +0.03 +17.46%
2007 0.2 +0.02 +10.15%
2006 0.18

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.