New businesses registered — all countries

New businesses registered — Gambia

New businesses registered in the Gambia in 2024 — 2,196 companies. Ranked 109 in the world out of 134. Since 2014, the indicator has risen by 40.9%.

2024 2,196 companies −10.33% vs 2023
World rank 109of 134
Period maximum 3,703 companies2020
Period minimum 1,013 companies2015

Trend over time

2014–2024 · companies

New businesses registered — Gambia, 2014–202401,0002,0003,0004,000201420152016201720182019202020212022202320242014: 1,559 companies2015: 1,013 companies2016: 1,103 companies2017: 1,936 companies2018: 2,480 companies2019: 1,881 companies2020: 3,703 companies2021: 3,388 companies2022: 2,905 companies2023: 2,449 companies2024: 2,196 companies
Change over the period: +637 (+40.86%) Average annual rate: 3.49 %

Comparison, 2024

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

Gambia 2,196 companies
Sub-Saharan Africa computed 905,245 companies
Western Africa computed 106,759 companies
New businesses registered — Gambia, by year Gambia All countries CSV XLSX
Year companies Change Change, %
2024 2,196 −253 −10.33%
2023 2,449 −456 −15.7%
2022 2,905 −483 −14.26%
2021 3,388 −315 −8.51%
2020 3,703 +1,822 +96.86%
2019 1,881 −599 −24.15%
2018 2,480 +544 +28.1%
2017 1,936 +833 +75.52%
2016 1,103 +90 +8.88%
2015 1,013 −546 −35.02%
2014 1,559

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.