New business density — all countries

New business density — Togo

New business density in Togo in 2024 — 1.04 per 1,000. Ranked 100 in the world out of 134. Since 2006, the indicator has risen by 9,273%.

2024 1.04 per 1,000 −7.82% vs 2023
World rank 100of 134
Period maximum 1.13 per 1,0002023
Period minimum 0.01 per 1,0002006

Trend over time

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

New business density — Togo, 2006–202400.511.520062008201020122014201620182020202220242006: 0.01 per 1,0002007: 0.02 per 1,0002008: 0.04 per 1,0002009: 0.18 per 1,0002010: 0.19 per 1,0002011: 0.2 per 1,0002012: 0.22 per 1,0002013: 0.21 per 1,0002014: 0.22 per 1,0002015: 0.29 per 1,0002016: 0.41 per 1,0002017: 0.45 per 1,0002018: 0.65 per 1,0002019: 0.77 per 1,0002020: 0.97 per 1,0002021: 1.07 per 1,0002022: 1.05 per 1,0002023: 1.13 per 1,0002024: 1.04 per 1,000
Change over the period: +1.03 (+9,273.01%) Average annual rate: 28.69 %

Comparison, 2024

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

Togo 1.04 per 1,000
World 5.15 per 1,000
Sub-Saharan Africa computed 2.26 per 1,000
Western Africa computed 2.11 per 1,000
New business density — Togo, by year Togo All countries CSV XLSX
Year per 1,000 Change Change, %
2024 1.04 −0.09 −7.82%
2023 1.13 +0.07 +7.05%
2022 1.05 −0.02 −1.97%
2021 1.07 +0.11 +10.88%
2020 0.97 +0.2 +25.92%
2019 0.77 +0.12 +17.79%
2018 0.65 +0.2 +44.72%
2017 0.45 +0.04 +9.27%
2016 0.41 +0.12 +42.02%
2015 0.29 +0.07 +32.81%
2014 0.22 +0.01 +2.49%
2013 0.21 −0.01 −2.54%
2012 0.22 +0.02 +7.79%
2011 0.2 +0.02 +8.06%
2010 0.19 +0.01 +4.34%
2009 0.18 +0.14 +360.65%
2008 0.04 +0.02 +87.34%
2007 0.02 +0.01 +88.56%
2006 0.01

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.