New business density — all countries

New business density — United States Virgin Islands

New business density in the United States Virgin Islands in 2024 — 19.96 per 1,000. Ranked 7 in the world out of 134. Since 2019, the indicator has risen by 16.6%.

2024 19.96 per 1,000 −14.33% vs 2023
World rank 7of 134
Period maximum 24.42 per 1,0002021
Period minimum 17.12 per 1,0002019

Trend over time

2019–2024 · per 1,000 people aged 15–64

New business density — United States Virgin Islands, 2019–20241618202224262019202020212022202320242019: 17.12 per 1,0002020: 17.41 per 1,0002021: 24.42 per 1,0002022: 23.64 per 1,0002023: 23.3 per 1,0002024: 19.96 per 1,000
Change over the period: +2.84 (+16.6%) Average annual rate: 3.12 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: United States Virgin Islands

United States Virgin Islands 19.96 per 1,000
World 5.15 per 1,000
Latin America & Caribbean 3.68 per 1,000
New business density — United States Virgin Islands, by year United States Virgin Islands All countries CSV XLSX
Year per 1,000 Change Change, %
2024 19.96 −3.34 −14.33%
2023 23.3 −0.34 −1.44%
2022 23.64 −0.78 −3.18%
2021 24.42 +7 +40.2%
2020 17.41 +0.3 +1.73%
2019 17.12

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.