New businesses registered — all countries

New businesses registered — Cabo Verde

New businesses registered in Cabo Verde in 2024 — 7,719 companies. Ranked 80 in the world out of 134. Since 2008, the indicator has risen by 1,545.8%.

2024 7,719 companies +22.37% vs 2023
World rank 80of 134
Period maximum 9,191 companies2021
Period minimum 469 companies2008

Trend over time

2008–2024 · companies

New businesses registered — Cabo Verde, 2008–202402,5005,0007,50010,0002008201020122014201620182020202220242008: 469 companies2009: 804 companies2010: 923 companies2011: 1,181 companies2012: 991 companies2013: 1,041 companies2014: 1,086 companies2015: 1,372 companies2016: 3,327 companies2017: 4,483 companies2018: 5,974 companies2019: 6,093 companies2020: 4,855 companies2021: 9,191 companies2022: 7,491 companies2023: 6,308 companies2024: 7,719 companies
Change over the period: +7,250 (+1,545.84%) Average annual rate: 19.13 %

Comparison, 2024

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

Cabo Verde 7,719 companies
Sub-Saharan Africa computed 905,245 companies
Western Africa computed 106,759 companies
New businesses registered — Cabo Verde, by year Cabo Verde All countries CSV XLSX
Year companies Change Change, %
2024 7,719 +1,411 +22.37%
2023 6,308 −1,183 −15.79%
2022 7,491 −1,700 −18.5%
2021 9,191 +4,336 +89.31%
2020 4,855 −1,238 −20.32%
2019 6,093 +119 +1.99%
2018 5,974 +1,491 +33.26%
2017 4,483 +1,156 +34.75%
2016 3,327 +1,955 +142.49%
2015 1,372 +286 +26.34%
2014 1,086 +45 +4.32%
2013 1,041 +50 +5.05%
2012 991 −190 −16.09%
2011 1,181 +258 +27.95%
2010 923 +119 +14.8%
2009 804 +335 +71.43%
2008 469

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.