New businesses registered — all countries

New businesses registered — OPEC

New businesses registered in OPEC in 2020 — 197,495 companies. Since 2006, the indicator has risen by 210.9%.

2020 197,495 companies +19.13% vs 2019
World rank
Period maximum 197,495 companies2020
Period minimum 63,522 companies2006

Trend over time

2006–2020 · companies

New businesses registered — OPEC, 2006–2020050,000100,000150,000200,000200620082010201220142016201820202006: 63,522 companies2007: 76,554 companies2008: 99,931 companies2009: 96,262 companies2010: 95,804 companies2011: 107,754 companies2012: 123,003 companies2013: 120,607 companies2014: 123,307 companies2015: 124,964 companies2016: 131,617 companies2017: 142,433 companies2018: 161,208 companies2019: 165,779 companies2020: 197,495 companies
Change over the period: +133,973 (+210.91%) Average annual rate: 8.44 %

Comparison, 2020

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

OPEC 197,495 companies
World computed 5.99M companies
New businesses registered — OPEC, by year OPEC All countries CSV XLSX
Year companies Change Change, %
2020 197,495 +31,716 +19.13%
2019 165,779 +4,571 +2.84%
2018 161,208 +18,775 +13.18%
2017 142,433 +10,816 +8.22%
2016 131,617 +6,653 +5.32%
2015 124,964 +1,657 +1.34%
2014 123,307 +2,700 +2.24%
2013 120,607 −2,396 −1.95%
2012 123,003 +15,249 +14.15%
2011 107,754 +11,950 +12.47%
2010 95,804 −458 −0.48%
2009 96,262 −3,669 −3.67%
2008 99,931 +23,377 +30.54%
2007 76,554 +13,032 +20.52%
2006 63,522

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.