New business density — all countries

New business density — Uganda

New business density in Uganda in 2024 — 1.08 per 1,000. Ranked 98 in the world out of 134. Since 2006, the indicator has risen by 108.8%.

2024 1.08 per 1,000 +3.66% vs 2023
World rank 98of 134
Period maximum 1.23 per 1,0002016
Period minimum 0.52 per 1,0002006

Trend over time

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

New business density — Uganda, 2006–20240.40.60.811.21.420062008201020122014201620182020202220242006: 0.52 per 1,0002007: 0.53 per 1,0002008: 0.57 per 1,0002009: 0.63 per 1,0002010: 0.67 per 1,0002011: 0.9 per 1,0002012: 0.57 per 1,0002013: 0.92 per 1,0002014: 0.87 per 1,0002015: 0.86 per 1,0002016: 1.23 per 1,0002017: 0.96 per 1,0002018: 1.07 per 1,0002019: 1.08 per 1,0002020: 0.97 per 1,0002021: 0.86 per 1,0002022: 0.75 per 1,0002023: 1.04 per 1,0002024: 1.08 per 1,000
Change over the period: +0.56 (+108.82%) Average annual rate: 4.18 %

Comparison, 2024

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

Uganda 1.08 per 1,000
World 5.15 per 1,000
Sub-Saharan Africa computed 2.26 per 1,000
Eastern Africa computed 1.1 per 1,000
New business density — Uganda, by year Uganda All countries CSV XLSX
Year per 1,000 Change Change, %
2024 1.08 +0.04 +3.66%
2023 1.04 +0.29 +39.2%
2022 0.75 −0.11 −13.04%
2021 0.86 −0.11 −11.62%
2020 0.97 −0.1 −9.44%
2019 1.08 +0 +0.26%
2018 1.07 +0.12 +12.19%
2017 0.96 −0.27 −22.23%
2016 1.23 +0.37 +43.39%
2015 0.86 −0.01 −1.21%
2014 0.87 −0.05 −5.47%
2013 0.92 +0.35 +61.34%
2012 0.57 −0.33 −36.96%
2011 0.9 +0.23 +35.11%
2010 0.67 +0.04 +6.89%
2009 0.63 +0.05 +9.5%
2008 0.57 +0.04 +8.31%
2007 0.53 +0.01 +1.9%
2006 0.52

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.