New businesses registered — all countries

New businesses registered — Saudi Arabia

New businesses registered in Saudi Arabia in 2024 — 141,067 companies. Ranked 11 in the world out of 134. Since 2006, the indicator has risen by 2,564.7%.

2024 141,067 companies +198.75% vs 2023
World rank 11of 134
Period maximum 141,067 companies2024
Period minimum 5,294 companies2006

Trend over time

2006–2024 · companies

New businesses registered — Saudi Arabia, 2006–2024050,000100,000150,00020062008201020122014201620182020202220242006: 5,294 companies2007: 6,604 companies2008: 7,947 companies2009: 7,917 companies2010: 9,044 companies2011: 10,463 companies2012: 12,881 companies2013: 14,688 companies2014: 16,223 companies2015: 18,468 companies2016: 17,262 companies2017: 18,420 companies2018: 20,729 companies2019: 24,945 companies2020: 22,648 companies2021: 30,011 companies2022: 32,768 companies2023: 47,219 companies2024: 141,067 companies
Change over the period: +135,773 (+2,564.66%) Average annual rate: 20.01 %

Comparison, 2024

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

Saudi Arabia 141,067 companies
Western Asia computed 350,232 companies
New businesses registered — Saudi Arabia, by year Saudi Arabia All countries CSV XLSX
Year companies Change Change, %
2024 141,067 +93,848 +198.75%
2023 47,219 +14,451 +44.1%
2022 32,768 +2,757 +9.19%
2021 30,011 +7,363 +32.51%
2020 22,648 −2,297 −9.21%
2019 24,945 +4,216 +20.34%
2018 20,729 +2,309 +12.54%
2017 18,420 +1,158 +6.71%
2016 17,262 −1,206 −6.53%
2015 18,468 +2,245 +13.84%
2014 16,223 +1,535 +10.45%
2013 14,688 +1,807 +14.03%
2012 12,881 +2,418 +23.11%
2011 10,463 +1,419 +15.69%
2010 9,044 +1,127 +14.24%
2009 7,917 −30 −0.38%
2008 7,947 +1,343 +20.34%
2007 6,604 +1,310 +24.74%
2006 5,294

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.