New businesses registered — all countries

New businesses registered — Maldives

New businesses registered in the Maldives in 2023 — 1,928 companies. Ranked 114 in the world out of 140. Since 2006, the indicator has risen by 111.9%.

2023 1,928 companies +18.5% vs 2022
World rank 114of 140
Period maximum 1,928 companies2023
Period minimum 720 companies2013

Trend over time

2006–2023 · companies

New businesses registered — Maldives, 2006–20235001,0001,5002,00020062008201020122014201620182020202220232006: 910 companies2007: 1,015 companies2008: 1,073 companies2009: 893 companies2010: 755 companies2011: 823 companies2012: 765 companies2013: 720 companies2014: 1,063 companies2015: 1,184 companies2016: 1,252 companies2017: 1,262 companies2018: 1,092 companies2019: 1,285 companies2020: 1,153 companies2021: 1,380 companies2022: 1,627 companies2023: 1,928 companies
Change over the period: +1,018 (+111.87%) Average annual rate: 4.52 %

Comparison, 2023

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

Maldives 1,928 companies
Upper-middle-income countries computed 2.71M companies
New businesses registered — Maldives, by year Maldives All countries CSV XLSX
Year companies Change Change, %
2023 1,928 +301 +18.5%
2022 1,627 +247 +17.9%
2021 1,380 +227 +19.69%
2020 1,153 −132 −10.27%
2019 1,285 +193 +17.67%
2018 1,092 −170 −13.47%
2017 1,262 +10 +0.8%
2016 1,252 +68 +5.74%
2015 1,184 +121 +11.38%
2014 1,063 +343 +47.64%
2013 720 −45 −5.88%
2012 765 −58 −7.05%
2011 823 +68 +9.01%
2010 755 −138 −15.45%
2009 893 −180 −16.78%
2008 1,073 +58 +5.71%
2007 1,015 +105 +11.54%
2006 910

Southern Asia, 2023

The same indicator for neighboring countries — with links to their pages

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.