New business density — all countries

New business density — Timor-Leste

New business density in Timor-Leste in 2022 — 2.34 per 1,000. Ranked 80 in the world out of 154. Since 2008, the indicator has risen by 216.5%.

2022 2.34 per 1,000 +39.02% vs 2021
World rank 80of 154
Period maximum 7.61 per 1,0002010
Period minimum 0.74 per 1,0002008

Trend over time

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

New business density — Timor-Leste, 2008–202202468200820102012201420162018202020222008: 0.74 per 1,0002009: 2.06 per 1,0002010: 7.61 per 1,0002011: 3.68 per 1,0002012: 2.73 per 1,0002013: 4.06 per 1,0002014: 4.47 per 1,0002015: 3.07 per 1,0002016: 2.8 per 1,0002017: 2.79 per 1,0002018: 2.15 per 1,0002019: 2.16 per 1,0002020: 1.54 per 1,0002021: 1.68 per 1,0002022: 2.34 per 1,000
Change over the period: +1.6 (+216.49%) Average annual rate: 8.58 %

Comparison, 2022

How the value compares with the world and the groups this territory belongs to: Timor-Leste

Timor-Leste 2.34 per 1,000
World 4.89 per 1,000
East Asia & Pacific 10.61 per 1,000
South-Eastern Asia computed 1.15 per 1,000
Lower-middle-income countries computed 0.57 per 1,000
New business density — Timor-Leste, by year Timor-Leste All countries CSV XLSX
Year per 1,000 Change Change, %
2022 2.34 +0.66 +39.02%
2021 1.68 +0.14 +9.43%
2020 1.54 −0.62 −28.8%
2019 2.16 +0 +0.12%
2018 2.15 −0.63 −22.7%
2017 2.79 −0.01 −0.52%
2016 2.8 −0.27 −8.79%
2015 3.07 −1.4 −31.34%
2014 4.47 +0.41 +10.01%
2013 4.06 +1.34 +49.01%
2012 2.73 −0.95 −25.83%
2011 3.68 −3.93 −51.67%
2010 7.61 +5.55 +270.26%
2009 2.06 +1.32 +178.5%
2008 0.74

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.