New business density — all countries

New business density — Uruguay

New business density in Uruguay in 2024 — 3.23 per 1,000. Ranked 58 in the world out of 134. Since 2006, the indicator has risen by 62.7%.

2024 3.23 per 1,000 +4.56% vs 2023
World rank 58of 134
Period maximum 3.69 per 1,0002012
Period minimum 1.5 per 1,0002019

Trend over time

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

New business density — Uruguay, 2006–2024123420062008201020122014201620182020202220242006: 1.99 per 1,0002007: 2.27 per 1,0002008: 2.1 per 1,0002009: 1.53 per 1,0002010: 2.1 per 1,0002011: 2.35 per 1,0002012: 3.69 per 1,0002013: 2.83 per 1,0002014: 2.88 per 1,0002015: 1.51 per 1,0002016: 1.79 per 1,0002017: 1.85 per 1,0002018: 1.52 per 1,0002019: 1.5 per 1,0002020: 2.29 per 1,0002021: 2.66 per 1,0002022: 3.16 per 1,0002023: 3.09 per 1,0002024: 3.23 per 1,000
Change over the period: +1.25 (+62.67%) Average annual rate: 2.74 %

Comparison, 2024

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

Uruguay 3.23 per 1,000
World 5.15 per 1,000
Latin America & Caribbean 3.68 per 1,000
New business density — Uruguay, by year Uruguay All countries CSV XLSX
Year per 1,000 Change Change, %
2024 3.23 +0.14 +4.56%
2023 3.09 −0.07 −2.18%
2022 3.16 +0.5 +18.91%
2021 2.66 +0.37 +15.93%
2020 2.29 +0.79 +52.68%
2019 1.5 −0.02 −1.09%
2018 1.52 −0.33 −17.96%
2017 1.85 +0.06 +3.25%
2016 1.79 +0.29 +19.05%
2015 1.51 −1.38 −47.78%
2014 2.88 +0.05 +1.86%
2013 2.83 −0.86 −23.33%
2012 3.69 +1.34 +57.1%
2011 2.35 +0.25 +12%
2010 2.1 +0.57 +37.52%
2009 1.53 −0.57 −27.2%
2008 2.1 −0.18 −7.77%
2007 2.27 +0.28 +14.34%
2006 1.99

South America, 2024

The same indicator for neighboring countries — with links to their pages

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.