New businesses registered — all countries

New businesses registered — Singapore

New businesses registered in Singapore in 2024 — 52,248 companies. Ranked 29 in the world out of 134. Since 2006, the indicator has risen by 166.9%.

2024 52,248 companies +2.56% vs 2023
World rank 29of 134
Period maximum 52,248 companies2024
Period minimum 19,575 companies2006

Trend over time

2006–2024 · companies

New businesses registered — Singapore, 2006–202410,00020,00030,00040,00050,00060,00020062008201020122014201620182020202220242006: 19,575 companies2007: 23,850 companies2008: 23,544 companies2009: 24,234 companies2010: 27,483 companies2011: 29,781 companies2012: 31,531 companies2013: 34,766 companies2014: 38,306 companies2015: 34,076 companies2016: 35,020 companies2017: 37,172 companies2018: 43,050 companies2019: 43,762 companies2020: 42,402 companies2021: 45,351 companies2022: 46,617 companies2023: 50,945 companies2024: 52,248 companies
Change over the period: +32,673 (+166.91%) Average annual rate: 5.61 %

Comparison, 2024

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

Singapore 52,248 companies
South-Eastern Asia computed 570,794 companies
New businesses registered — Singapore, by year Singapore All countries CSV XLSX
Year companies Change Change, %
2024 52,248 +1,303 +2.56%
2023 50,945 +4,328 +9.28%
2022 46,617 +1,266 +2.79%
2021 45,351 +2,949 +6.95%
2020 42,402 −1,360 −3.11%
2019 43,762 +712 +1.65%
2018 43,050 +5,878 +15.81%
2017 37,172 +2,152 +6.15%
2016 35,020 +944 +2.77%
2015 34,076 −4,230 −11.04%
2014 38,306 +3,540 +10.18%
2013 34,766 +3,235 +10.26%
2012 31,531 +1,750 +5.88%
2011 29,781 +2,298 +8.36%
2010 27,483 +3,249 +13.41%
2009 24,234 +690 +2.93%
2008 23,544 −306 −1.28%
2007 23,850 +4,275 +21.84%
2006 19,575

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.