New businesses registered — all countries

New businesses registered — Madagascar

New businesses registered in Madagascar in 2024 — 2,206 companies. Ranked 108 in the world out of 134. Since 2014, the indicator has risen by 41.7%.

2024 2,206 companies +5.05% vs 2023
World rank 108of 134
Period maximum 2,206 companies2024
Period minimum 1,424 companies2016

Trend over time

2014–2024 · companies

New businesses registered — Madagascar, 2014–20241,4001,6001,8002,0002,2002,400201420152016201720182019202020212022202320242014: 1,557 companies2015: 1,429 companies2016: 1,424 companies2017: 1,749 companies2018: 1,737 companies2019: 2,032 companies2020: 1,602 companies2021: 1,769 companies2022: 1,929 companies2023: 2,100 companies2024: 2,206 companies
Change over the period: +649 (+41.68%) Average annual rate: 3.55 %

Comparison, 2024

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

Madagascar 2,206 companies
Sub-Saharan Africa computed 905,245 companies
Eastern Africa computed 224,523 companies
New businesses registered — Madagascar, by year Madagascar All countries CSV XLSX
Year companies Change Change, %
2024 2,206 +106 +5.05%
2023 2,100 +171 +8.86%
2022 1,929 +160 +9.04%
2021 1,769 +167 +10.42%
2020 1,602 −430 −21.16%
2019 2,032 +295 +16.98%
2018 1,737 −12 −0.69%
2017 1,749 +325 +22.82%
2016 1,424 −5 −0.35%
2015 1,429 −128 −8.22%
2014 1,557

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.