New businesses registered — all countries

New businesses registered — Papua New Guinea

New businesses registered in Papua New Guinea in 2020 — 4,109 companies. Ranked 105 in the world out of 166. Since 2018, the indicator has risen by 5.9%.

2020 4,109 companies +6.29% vs 2019
World rank 105of 166
Period maximum 4,109 companies2020
Period minimum 3,866 companies2019

Trend over time

2018–2020 · companies

New businesses registered — Papua New Guinea, 2018–20203,8003,9004,0004,1004,2002018201920202018: 3,881 companies2019: 3,866 companies2020: 4,109 companies
Change over the period: +228 (+5.87%) Average annual rate: 2.9 %

Comparison, 2020

How the value compares with the world and the groups this territory belongs to: Papua New Guinea

Papua New Guinea 4,109 companies
World computed 5.99M companies
Lower-middle-income countries computed 795,785 companies
New businesses registered — Papua New Guinea, by year Papua New Guinea All countries CSV XLSX
Year companies Change Change, %
2020 4,109 +243 +6.29%
2019 3,866 −15 −0.39%
2018 3,881

Melanesia, 2020

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

PG Papua New Guinea 4,109 FJ Fiji 1,138

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.