New business density — all countries

New business density — United Kingdom

New business density in the United Kingdom in 2024 — 19.19 per 1,000. Ranked 9 in the world out of 134. Since 2006, the indicator has risen by 91%.

2024 19.19 per 1,000 −4.77% vs 2023
World rank 9of 134
Period maximum 20.15 per 1,0002023
Period minimum 8.85 per 1,0002009

Trend over time

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

New business density — United Kingdom, 2006–202451015202520062008201020122014201620182020202220242006: 10.05 per 1,0002007: 11.14 per 1,0002008: 8.86 per 1,0002009: 8.85 per 1,0002010: 9.69 per 1,0002011: 10.93 per 1,0002012: 11.85 per 1,0002013: 12.56 per 1,0002014: 14.03 per 1,0002015: 14.6 per 1,0002016: 15.77 per 1,0002017: 15 per 1,0002018: 15.75 per 1,0002019: 16.18 per 1,0002020: 18.3 per 1,0002021: 18.04 per 1,0002022: 18.43 per 1,0002023: 20.15 per 1,0002024: 19.19 per 1,000
Change over the period: +9.14 (+90.97%) Average annual rate: 3.66 %

Comparison, 2024

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

United Kingdom 19.19 per 1,000
World 5.15 per 1,000
Europe & Central Asia 4.89 per 1,000
Northern Europe computed 14.89 per 1,000
New business density — United Kingdom, by year United Kingdom All countries CSV XLSX
Year per 1,000 Change Change, %
2024 19.19 −0.96 −4.77%
2023 20.15 +1.72 +9.36%
2022 18.43 +0.39 +2.15%
2021 18.04 −0.26 −1.44%
2020 18.3 +2.12 +13.11%
2019 16.18 +0.43 +2.74%
2018 15.75 +0.75 +4.97%
2017 15 −0.77 −4.87%
2016 15.77 +1.17 +8.03%
2015 14.6 +0.57 +4.03%
2014 14.03 +1.48 +11.77%
2013 12.56 +0.71 +5.95%
2012 11.85 +0.92 +8.46%
2011 10.93 +1.24 +12.75%
2010 9.69 +0.84 +9.44%
2009 8.85 −0.01 −0.1%
2008 8.86 −2.28 −20.47%
2007 11.14 +1.1 +10.91%
2006 10.05

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.