New business density — all countries

New business density — World

New business density in the world in 2024 — 5.15 per 1,000. Since 2008, the indicator has risen by 151.7%.

2024 5.15 per 1,000 −15.86% vs 2023
World rank
Period maximum 6.12 per 1,0002023
Period minimum 2.05 per 1,0002008

Trend over time

2008–2024 · per 1,000 people aged 15–64

New business density — World, 2008–2024024682008201020122014201620182020202220242008: 2.05 per 1,0002009: 2.15 per 1,0002010: 2.41 per 1,0002011: 2.49 per 1,0002012: 2.56 per 1,0002013: 2.75 per 1,0002014: 3.64 per 1,0002015: 4.04 per 1,0002016: 4.47 per 1,0002017: 4.25 per 1,0002018: 4.3 per 1,0002019: 4.2 per 1,0002020: 4.35 per 1,0002021: 5.63 per 1,0002022: 4.89 per 1,0002023: 6.12 per 1,0002024: 5.15 per 1,000
Change over the period: +3.1 (+151.7%) Average annual rate: 5.94 %

Comparison, 2024

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

World 5.15 per 1,000
World 5.15 per 1,000
New business density — World, by year World All countries CSV XLSX
Year per 1,000 Change Change, %
2024 5.15 −0.97 −15.86%
2023 6.12 +1.23 +25.19%
2022 4.89 −0.74 −13.09%
2021 5.63 +1.28 +29.42%
2020 4.35 +0.15 +3.63%
2019 4.2 −0.1 −2.38%
2018 4.3 +0.05 +1.16%
2017 4.25 −0.22 −4.89%
2016 4.47 +0.42 +10.43%
2015 4.04 +0.4 +10.98%
2014 3.64 +0.89 +32.54%
2013 2.75 +0.18 +7.2%
2012 2.56 +0.07 +2.93%
2011 2.49 +0.08 +3.4%
2010 2.41 +0.26 +11.84%
2009 2.15 +0.11 +5.29%
2008 2.05

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.