New businesses registered — all countries

New businesses registered — Puerto Rico

New businesses registered in Puerto Rico in 2020 — 11,218 companies. Ranked 71 in the world out of 166. Since 2015, the indicator has risen by 133.2%.

2020 11,218 companies +8.37% vs 2019
World rank 71of 166
Period maximum 11,218 companies2020
Period minimum 4,811 companies2015

Trend over time

2015–2020 · companies

New businesses registered — Puerto Rico, 2015–20204,0006,0008,00010,00012,0002015201620172018201920202015: 4,811 companies2016: 5,564 companies2017: 5,793 companies2018: 8,477 companies2019: 10,352 companies2020: 11,218 companies
Change over the period: +6,407 (+133.17%) Average annual rate: 18.45 %

Comparison, 2020

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

Puerto Rico 11,218 companies
World computed 5.99M companies
Latin America & Caribbean computed 1.05M companies
High-income countries computed 2.99M companies
New businesses registered — Puerto Rico, by year Puerto Rico All countries CSV XLSX
Year companies Change Change, %
2020 11,218 +866 +8.37%
2019 10,352 +1,875 +22.12%
2018 8,477 +2,684 +46.33%
2017 5,793 +229 +4.12%
2016 5,564 +753 +15.65%
2015 4,811

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.