New businesses registered — all countries

New businesses registered — Rwanda

New businesses registered in Rwanda in 2024 — 22,734 companies. Ranked 48 in the world out of 134. Since 2006, the indicator has risen by 9,104%.

2024 22,734 companies +23.27% vs 2023
World rank 48of 134
Period maximum 22,734 companies2024
Period minimum 247 companies2006

Trend over time

2006–2024 · companies

New businesses registered — Rwanda, 2006–2024010,00020,00030,00020062008201020122014201620182020202220242006: 247 companies2007: 314 companies2008: 430 companies2009: 1,310 companies2010: 3,641 companies2011: 6,039 companies2012: 8,511 companies2013: 9,291 companies2014: 9,998 companies2015: 9,887 companies2016: 10,099 companies2017: 10,005 companies2018: 10,547 companies2019: 12,552 companies2020: 16,105 companies2021: 17,442 companies2022: 18,401 companies2023: 18,443 companies2024: 22,734 companies
Change over the period: +22,487 (+9,104.05%) Average annual rate: 28.56 %

Comparison, 2024

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

Rwanda 22,734 companies
Sub-Saharan Africa computed 905,245 companies
Eastern Africa computed 224,523 companies
New businesses registered — Rwanda, by year Rwanda All countries CSV XLSX
Year companies Change Change, %
2024 22,734 +4,291 +23.27%
2023 18,443 +42 +0.23%
2022 18,401 +959 +5.5%
2021 17,442 +1,337 +8.3%
2020 16,105 +3,553 +28.31%
2019 12,552 +2,005 +19.01%
2018 10,547 +542 +5.42%
2017 10,005 −94 −0.93%
2016 10,099 +212 +2.14%
2015 9,887 −111 −1.11%
2014 9,998 +707 +7.61%
2013 9,291 +780 +9.16%
2012 8,511 +2,472 +40.93%
2011 6,039 +2,398 +65.86%
2010 3,641 +2,331 +177.94%
2009 1,310 +880 +204.65%
2008 430 +116 +36.94%
2007 314 +67 +27.13%
2006 247

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.