New businesses registered — all countries

New businesses registered — Philippines

New businesses registered in the Philippines in 2024 — 39,146 companies. Ranked 35 in the world out of 134. Since 2006, the indicator has risen by 193.8%.

2024 39,146 companies +7.75% vs 2023
World rank 35of 134
Period maximum 39,146 companies2024
Period minimum 11,435 companies2009

Trend over time

2006–2024 · companies

New businesses registered — Philippines, 2006–2024010,00020,00030,00040,00020062008201020122014201620182020202220242006: 13,325 companies2007: 12,285 companies2008: 13,470 companies2009: 11,435 companies2010: 11,714 companies2011: 17,495 companies2012: 18,515 companies2013: 20,231 companies2014: 21,066 companies2015: 21,453 companies2016: 22,412 companies2017: 24,379 companies2018: 20,092 companies2019: 21,835 companies2020: 15,161 companies2021: 27,032 companies2022: 30,507 companies2023: 36,329 companies2024: 39,146 companies
Change over the period: +25,821 (+193.78%) Average annual rate: 6.17 %

Comparison, 2024

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

Philippines 39,146 companies
South-Eastern Asia computed 570,794 companies
New businesses registered — Philippines, by year Philippines All countries CSV XLSX
Year companies Change Change, %
2024 39,146 +2,817 +7.75%
2023 36,329 +5,822 +19.08%
2022 30,507 +3,475 +12.86%
2021 27,032 +11,871 +78.3%
2020 15,161 −6,674 −30.57%
2019 21,835 +1,743 +8.68%
2018 20,092 −4,287 −17.58%
2017 24,379 +1,967 +8.78%
2016 22,412 +959 +4.47%
2015 21,453 +387 +1.84%
2014 21,066 +835 +4.13%
2013 20,231 +1,716 +9.27%
2012 18,515 +1,020 +5.83%
2011 17,495 +5,781 +49.35%
2010 11,714 +279 +2.44%
2009 11,435 −2,035 −15.11%
2008 13,470 +1,185 +9.65%
2007 12,285 −1,040 −7.8%
2006 13,325

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.