New businesses registered — all countries

New businesses registered — Upper-middle-income countries

New businesses registered in upper-middle-income countries in 2024 — 2,816,378 companies. Since 2006, the indicator has risen by 208%.

2024 2.82M companies +3.76% vs 2023
World rank
Period maximum 2.82M companies2024
Period minimum 914,390 companies2006

Trend over time

2006–2024 · companies

New businesses registered — Upper-middle-income countries, 2006–202401M2M3M20062008201020122014201620182020202220242006: 914,390 companies2007: 1,001,233 companies2008: 1,191,474 companies2009: 1,144,451 companies2010: 1,162,096 companies2011: 1,212,882 companies2012: 1,277,865 companies2013: 1,417,279 companies2014: 1,481,819 companies2015: 1,625,385 companies2016: 1,718,830 companies2017: 1,821,636 companies2018: 1,907,367 companies2019: 1,987,021 companies2020: 2,107,063 companies2021: 2,510,990 companies2022: 2,566,995 companies2023: 2,714,371 companies2024: 2,816,378 companies
Change over the period: +1.9M (+208.01%) Average annual rate: 6.45 %
New businesses registered — Upper-middle-income countries, by year Upper-middle-income countries All countries CSV XLSX
Year companies Change Change, %
2024 2.82M +102,007 +3.76%
2023 2.71M +147,376 +5.74%
2022 2.57M +56,005 +2.23%
2021 2.51M +403,927 +19.17%
2020 2.11M +120,042 +6.04%
2019 1.99M +79,654 +4.18%
2018 1.91M +85,731 +4.71%
2017 1.82M +102,806 +5.98%
2016 1.72M +93,445 +5.75%
2015 1.63M +143,566 +9.69%
2014 1.48M +64,540 +4.55%
2013 1.42M +139,414 +10.91%
2012 1.28M +64,983 +5.36%
2011 1.21M +50,786 +4.37%
2010 1.16M +17,645 +1.54%
2009 1.14M −47,023 −3.95%
2008 1.19M +190,241 +19%
2007 1M +86,843 +9.5%
2006 914,390

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.