New business density — all countries

New business density — Tonga

New business density in Tonga in 2024 — 0.7 per 1,000. Ranked 110 in the world out of 134. Since 2006, the indicator has fallen by 61.3%.

2024 0.7 per 1,000 +31.54% vs 2023
World rank 110of 134
Period maximum 2.41 per 1,0002007
Period minimum 0.34 per 1,0002020

Trend over time

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

New business density — Tonga, 2006–2024012320062008201020122014201620182020202220242006: 1.8 per 1,0002007: 2.41 per 1,0002008: 1.71 per 1,0002009: 1.74 per 1,0002010: 2.28 per 1,0002011: 1.9 per 1,0002012: 1.88 per 1,0002013: 1.84 per 1,0002014: 1.07 per 1,0002015: 1.17 per 1,0002016: 1.58 per 1,0002017: 0.54 per 1,0002018: 0.59 per 1,0002019: 1.31 per 1,0002020: 0.34 per 1,0002021: 0.51 per 1,0002022: 0.51 per 1,0002023: 0.53 per 1,0002024: 0.7 per 1,000
Change over the period: −1.1 (−61.29%) Average annual rate: -5.14 %

Comparison, 2024

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

Tonga 0.7 per 1,000
World 5.15 per 1,000
East Asia & Pacific 10.73 per 1,000
Upper-middle-income countries computed 9.96 per 1,000
New business density — Tonga, by year Tonga All countries CSV XLSX
Year per 1,000 Change Change, %
2024 0.7 +0.17 +31.54%
2023 0.53 +0.02 +3.81%
2022 0.51 +0 +0.55%
2021 0.51 +0.16 +47.83%
2020 0.34 −0.97 −73.81%
2019 1.31 +0.72 +121.52%
2018 0.59 +0.05 +8.7%
2017 0.54 −1.04 −65.63%
2016 1.58 +0.41 +35.47%
2015 1.17 +0.1 +9.37%
2014 1.07 −0.77 −41.84%
2013 1.84 −0.05 −2.44%
2012 1.88 −0.02 −0.87%
2011 1.9 −0.38 −16.84%
2010 2.28 +0.55 +31.65%
2009 1.74 +0.02 +1.36%
2008 1.71 −0.7 −28.93%
2007 2.41 +0.61 +33.87%
2006 1.8

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.