New businesses registered — all countries

New businesses registered — Guinea-Bissau

New businesses registered in Guinea-Bissau in 2024 — 598 companies. Ranked 120 in the world out of 134. Since 2012, the indicator has risen by 73.3%.

2024 598 companies +14.12% vs 2023
World rank 120of 134
Period maximum 692 companies2017
Period minimum 324 companies2019

Trend over time

2012–2024 · companies

New businesses registered — Guinea-Bissau, 2012–202430040050060070020122014201620182020202220242012: 345 companies2013: 413 companies2014: 441 companies2015: 562 companies2016: 639 companies2017: 692 companies2018: 445 companies2019: 324 companies2020: 405 companies2021: 636 companies2022: 530 companies2023: 524 companies2024: 598 companies
Change over the period: +253 (+73.33%) Average annual rate: 4.69 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Guinea-Bissau

Guinea-Bissau 598 companies
Sub-Saharan Africa computed 905,245 companies
Western Africa computed 106,759 companies
New businesses registered — Guinea-Bissau, by year Guinea-Bissau All countries CSV XLSX
Year companies Change Change, %
2024 598 +74 +14.12%
2023 524 −6 −1.13%
2022 530 −106 −16.67%
2021 636 +231 +57.04%
2020 405 +81 +25%
2019 324 −121 −27.19%
2018 445 −247 −35.69%
2017 692 +53 +8.29%
2016 639 +77 +13.7%
2015 562 +121 +27.44%
2014 441 +28 +6.78%
2013 413 +68 +19.71%
2012 345

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.