New businesses registered — all countries

New businesses registered — Benin

New businesses registered in Benin in 2024 — 5,522 companies. Ranked 91 in the world out of 134. Since 2006, the indicator has risen by 4,083.3%.

2024 5,522 companies −8.62% vs 2023
World rank 91of 134
Period maximum 6,043 companies2023
Period minimum 132 companies2006

Trend over time

2006–2024 · companies

New businesses registered — Benin, 2006–202402,0004,0006,0008,00020062008201020122014201620182020202220242006: 132 companies2007: 172 companies2008: 175 companies2009: 206 companies2010: 199 companies2011: 287 companies2012: 767 companies2013: 1,060 companies2014: 1,512 companies2015: 3,110 companies2016: 3,201 companies2017: 3,377 companies2018: 3,315 companies2019: 3,632 companies2020: 4,256 companies2021: 5,985 companies2022: 5,560 companies2023: 6,043 companies2024: 5,522 companies
Change over the period: +5,390 (+4,083.33%) Average annual rate: 23.05 %

Comparison, 2024

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

Benin 5,522 companies
Sub-Saharan Africa computed 905,245 companies
Western Africa computed 106,759 companies
New businesses registered — Benin, by year Benin All countries CSV XLSX
Year companies Change Change, %
2024 5,522 −521 −8.62%
2023 6,043 +483 +8.69%
2022 5,560 −425 −7.1%
2021 5,985 +1,729 +40.63%
2020 4,256 +624 +17.18%
2019 3,632 +317 +9.56%
2018 3,315 −62 −1.84%
2017 3,377 +176 +5.5%
2016 3,201 +91 +2.93%
2015 3,110 +1,598 +105.69%
2014 1,512 +452 +42.64%
2013 1,060 +293 +38.2%
2012 767 +480 +167.25%
2011 287 +88 +44.22%
2010 199 −7 −3.4%
2009 206 +31 +17.71%
2008 175 +3 +1.74%
2007 172 +40 +30.3%
2006 132

About the indicator

The number of newly registered limited liability companies over a year. Only they are counted: sole proprietorships, partnerships and cooperatives do not enter, so in countries where small business prefers simpler legal forms the indicator understates entrepreneurial activity.

Important: Limited liability companies only. Registration is not the start of activity: some registered companies never begin to operate.

Source: World Development Indicators (World Bank), license CC BY 4.0.