New business density — all countries

New business density — Turks and Caicos Islands

New business density in the Turks and Caicos Islands in 2024 — 23.74 per 1,000. Ranked 5 in the world out of 134. Since 2022, the indicator has fallen by 23.8%.

2024 23.74 per 1,000 −8.95% vs 2023
World rank 5of 134
Period maximum 31.15 per 1,0002022
Period minimum 23.74 per 1,0002024

Trend over time

2022–2024 · per 1,000 people aged 15–64

New business density — Turks and Caicos Islands, 2022–20242224262830322022202320242022: 31.15 per 1,0002023: 26.08 per 1,0002024: 23.74 per 1,000
Change over the period: −7.41 (−23.79%) Average annual rate: -12.7 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Turks and Caicos Islands

Turks and Caicos Islands 23.74 per 1,000
World 5.15 per 1,000
Latin America & Caribbean 3.68 per 1,000
New business density — Turks and Caicos Islands, by year Turks and Caicos Islands All countries CSV XLSX
Year per 1,000 Change Change, %
2024 23.74 −2.33 −8.95%
2023 26.08 −5.08 −16.3%
2022 31.15

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.