New businesses registered — all countries

New businesses registered — Lower-middle-income countries

New businesses registered in lower-middle-income countries in 2022 — 927,740 companies. Since 2006, the indicator has risen by 326.3%.

2022 927,740 companies +7.47% vs 2021
World rank
Period maximum 927,740 companies2022
Period minimum 217,621 companies2006

Trend over time

2006–2022 · companies

New businesses registered — Lower-middle-income countries, 2006–20220250,000500,000750,0001M2006200820102012201420162018202020222006: 217,621 companies2007: 303,335 companies2008: 340,360 companies2009: 301,986 companies2010: 352,024 companies2011: 449,429 companies2012: 461,670 companies2013: 477,751 companies2014: 463,694 companies2015: 503,578 companies2016: 567,492 companies2017: 676,662 companies2018: 707,679 companies2019: 739,220 companies2020: 795,785 companies2021: 863,215 companies2022: 927,740 companies
Change over the period: +710,119 (+326.31%) Average annual rate: 9.49 %

Comparison, 2022

How the value compares with the world and the groups this territory belongs to: Lower-middle-income countries

Lower-middle-income countries 927,740 companies
World computed 6.87M companies
New businesses registered — Lower-middle-income countries, by year Lower-middle-income countries All countries CSV XLSX
Year companies Change Change, %
2022 927,740 +64,525 +7.47%
2021 863,215 +67,430 +8.47%
2020 795,785 +56,565 +7.65%
2019 739,220 +31,541 +4.46%
2018 707,679 +31,017 +4.58%
2017 676,662 +109,170 +19.24%
2016 567,492 +63,914 +12.69%
2015 503,578 +39,884 +8.6%
2014 463,694 −14,057 −2.94%
2013 477,751 +16,081 +3.48%
2012 461,670 +12,241 +2.72%
2011 449,429 +97,405 +27.67%
2010 352,024 +50,038 +16.57%
2009 301,986 −38,374 −11.27%
2008 340,360 +37,025 +12.21%
2007 303,335 +85,714 +39.39%
2006 217,621

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.