New business density — all countries

New business density — Upper-middle-income countries

New business density in upper-middle-income countries in 2024 — 9.96 per 1,000. Since 2006, the indicator has risen by 583%.

2024 9.96 per 1,000 −19.28% vs 2023
World rank
Period maximum 12.34 per 1,0002023
Period minimum 1.46 per 1,0002006

Trend over time

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

New business density — Upper-middle-income countries, 2006–202405101520062008201020122014201620182020202220242006: 1.46 per 1,0002007: 1.57 per 1,0002008: 3.01 per 1,0002009: 3.63 per 1,0002010: 4.12 per 1,0002011: 4.41 per 1,0002012: 4.45 per 1,0002013: 4.86 per 1,0002014: 7.06 per 1,0002015: 8.02 per 1,0002016: 9.05 per 1,0002017: 8.61 per 1,0002018: 8.7 per 1,0002019: 8.26 per 1,0002020: 8.85 per 1,0002021: 11.56 per 1,0002022: 9.8 per 1,0002023: 12.34 per 1,0002024: 9.96 per 1,000
Change over the period: +8.5 (+582.97%) Average annual rate: 11.26 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Upper-middle-income countries

Upper-middle-income countries 9.96 per 1,000
World 5.15 per 1,000
New business density — Upper-middle-income countries, by year Upper-middle-income countries All countries CSV XLSX
Year per 1,000 Change Change, %
2024 9.96 −2.38 −19.28%
2023 12.34 +2.55 +26.02%
2022 9.8 −1.76 −15.25%
2021 11.56 +2.71 +30.64%
2020 8.85 +0.59 +7.1%
2019 8.26 −0.44 −5.01%
2018 8.7 +0.09 +1.01%
2017 8.61 −0.44 −4.84%
2016 9.05 +1.03 +12.85%
2015 8.02 +0.96 +13.61%
2014 7.06 +2.2 +45.22%
2013 4.86 +0.41 +9.16%
2012 4.45 +0.04 +0.85%
2011 4.41 +0.29 +7.14%
2010 4.12 +0.49 +13.59%
2009 3.63 +0.62 +20.45%
2008 3.01 +1.44 +91.25%
2007 1.57 +0.12 +7.93%
2006 1.46

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.