New business density — all countries

New business density — Vanuatu

New business density in Vanuatu in 2018 — 1.58 per 1,000. Ranked 92 in the world out of 173. Since 2006, the indicator has risen by 270.6%.

2018 1.58 per 1,000 +50.4% vs 2017
World rank 92of 173
Period maximum 1.58 per 1,0002018
Period minimum 0.17 per 1,0002009

Trend over time

2006–2018 · per 1,000 people aged 15–64

New business density — Vanuatu, 2006–201800.511.5220062008201020122014201620182006: 0.43 per 1,0002007: 0.56 per 1,0002008: 0.5 per 1,0002009: 0.17 per 1,0002010: 0.62 per 1,0002011: 0.52 per 1,0002012: 0.48 per 1,0002013: 0.36 per 1,0002014: 0.58 per 1,0002015: 0.54 per 1,0002016: 0.83 per 1,0002017: 1.05 per 1,0002018: 1.58 per 1,000
Change over the period: +1.16 (+270.61%) Average annual rate: 11.53 %

Comparison, 2018

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

Vanuatu 1.58 per 1,000
World 4.3 per 1,000
East Asia & Pacific 9.36 per 1,000
Melanesia computed 0.85 per 1,000
Lower-middle-income countries computed 0.42 per 1,000
New business density — Vanuatu, by year Vanuatu All countries CSV XLSX
Year per 1,000 Change Change, %
2018 1.58 +0.53 +50.4%
2017 1.05 +0.22 +26.72%
2016 0.83 +0.29 +53.81%
2015 0.54 −0.04 −7.37%
2014 0.58 +0.22 +60.02%
2013 0.36 −0.12 −24.3%
2012 0.48 −0.04 −7.28%
2011 0.52 −0.1 −16.74%
2010 0.62 +0.45 +268.82%
2009 0.17 −0.33 −66.17%
2008 0.5 −0.06 −11.12%
2007 0.56 +0.13 +31.59%
2006 0.43

Melanesia, 2018

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.