New businesses registered — all countries

New businesses registered — Guinea

New businesses registered in Guinea in 2024 — 5,626 companies. Ranked 90 in the world out of 134. Since 2014, the indicator has risen by 610.4%.

2024 5,626 companies −42.04% vs 2023
World rank 90of 134
Period maximum 9,706 companies2023
Period minimum 792 companies2014

Trend over time

2014–2024 · companies

New businesses registered — Guinea, 2014–202402,5005,0007,50010,000201420152016201720182019202020212022202320242014: 792 companies2015: 1,427 companies2016: 1,852 companies2017: 2,346 companies2018: 2,811 companies2019: 3,287 companies2020: 3,277 companies2021: 4,477 companies2022: 4,755 companies2023: 9,706 companies2024: 5,626 companies
Change over the period: +4,834 (+610.35%) Average annual rate: 21.66 %

Comparison, 2024

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

Guinea 5,626 companies
Sub-Saharan Africa computed 905,245 companies
Western Africa computed 106,759 companies
New businesses registered — Guinea, by year Guinea All countries CSV XLSX
Year companies Change Change, %
2024 5,626 −4,080 −42.04%
2023 9,706 +4,951 +104.12%
2022 4,755 +278 +6.21%
2021 4,477 +1,200 +36.62%
2020 3,277 −10 −0.3%
2019 3,287 +476 +16.93%
2018 2,811 +465 +19.82%
2017 2,346 +494 +26.67%
2016 1,852 +425 +29.78%
2015 1,427 +635 +80.18%
2014 792

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.