New businesses registered — all countries

New businesses registered — Latin America & Caribbean

New businesses registered in Latin America & Caribbean in 2020 — 1,045,625 companies. Since 2018, the indicator has risen by 14.2%.

2020 1.05M companies +4.83% vs 2019
World rank
Period maximum 1.05M companies2020
Period minimum 915,810 companies2018

Trend over time

2018–2020 · companies

New businesses registered — Latin America & Caribbean, 2018–2020900,000950,0001M1.05M2018201920202018: 915,810 companies2019: 997,417 companies2020: 1,045,625 companies
Change over the period: +129,815 (+14.17%) Average annual rate: 6.85 %

Comparison, 2020

How the value compares with the world and the groups this territory belongs to: Latin America & Caribbean

Latin America & Caribbean 1.05M companies
World computed 5.99M companies
New businesses registered — Latin America & Caribbean, by year Latin America & Caribbean All countries CSV XLSX
Year companies Change Change, %
2020 1.05M +48,208 +4.83%
2019 997,417 +81,607 +8.91%
2018 915,810

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.