New businesses registered — all countries

New businesses registered — Eastern Asia

New businesses registered in Eastern Asia in 2023 — 686,121 companies. Since 2008, the indicator has risen by 161.6%.

2023 686,121 companies +16.11% vs 2022
World rank
Period maximum 686,121 companies2023
Period minimum 262,296 companies2008

Trend over time

2008–2023 · companies

New businesses registered — Eastern Asia, 2008–2023200,000400,000600,000800,0002008201020122014201620182020202220232008: 262,296 companies2009: 296,608 companies2010: 348,720 companies2011: 376,773 companies2012: 388,796 companies2013: 436,872 companies2014: 518,509 companies2015: 532,660 companies2016: 576,099 companies2017: 581,238 companies2018: 582,190 companies2019: 548,842 companies2020: 560,580 companies2021: 671,430 companies2022: 590,902 companies2023: 686,121 companies
Change over the period: +423,825 (+161.58%) Average annual rate: 6.62 %
New businesses registered — Eastern Asia, by year Eastern Asia All countries CSV XLSX
Year companies Change Change, %
2023 686,121 +95,219 +16.11%
2022 590,902 −80,528 −11.99%
2021 671,430 +110,850 +19.77%
2020 560,580 +11,738 +2.14%
2019 548,842 −33,348 −5.73%
2018 582,190 +952 +0.16%
2017 581,238 +5,139 +0.89%
2016 576,099 +43,439 +8.16%
2015 532,660 +14,151 +2.73%
2014 518,509 +81,637 +18.69%
2013 436,872 +48,076 +12.37%
2012 388,796 +12,023 +3.19%
2011 376,773 +28,053 +8.04%
2010 348,720 +52,112 +17.57%
2009 296,608 +34,312 +13.08%
2008 262,296

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.