New business density — all countries

New business density — Trinidad and Tobago

New business density in Trinidad and Tobago in 2020 — 4.49 per 1,000. Ranked 43 in the world out of 166. Since 2006, the indicator has risen by 24.3%.

2020 4.49 per 1,000 −3.21% vs 2019
World rank 43of 166
Period maximum 5.29 per 1,0002015
Period minimum 2.8 per 1,0002009

Trend over time

2006–2020 · per 1,000 people aged 15–64

New business density — Trinidad and Tobago, 2006–202023456200620082010201220142016201820202006: 3.61 per 1,0002007: 3.69 per 1,0002008: 3.61 per 1,0002009: 2.8 per 1,0002010: 3.48 per 1,0002011: 3.93 per 1,0002012: 3.53 per 1,0002013: 4.43 per 1,0002014: 4.79 per 1,0002015: 5.29 per 1,0002016: 4.45 per 1,0002017: 3.98 per 1,0002018: 4.23 per 1,0002019: 4.64 per 1,0002020: 4.49 per 1,000
Change over the period: +0.88 (+24.26%) Average annual rate: 1.56 %

Comparison, 2020

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

Trinidad and Tobago 4.49 per 1,000
World 4.35 per 1,000
Latin America & Caribbean 2.69 per 1,000
High-income countries computed 4.51 per 1,000
New business density — Trinidad and Tobago, by year Trinidad and Tobago All countries CSV XLSX
Year per 1,000 Change Change, %
2020 4.49 −0.15 −3.21%
2019 4.64 +0.41 +9.69%
2018 4.23 +0.24 +6.13%
2017 3.98 −0.47 −10.46%
2016 4.45 −0.84 −15.84%
2015 5.29 +0.5 +10.43%
2014 4.79 +0.36 +8.05%
2013 4.43 +0.9 +25.66%
2012 3.53 −0.4 −10.18%
2011 3.93 +0.44 +12.7%
2010 3.48 +0.69 +24.5%
2009 2.8 −0.82 −22.57%
2008 3.61 −0.08 −2.05%
2007 3.69 +0.08 +2.11%
2006 3.61

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.