Bulgaria vs Latin America & Caribbean (excluding high income): New business density
New business density over time
- Bulgaria
- Latin America & Caribbean (excluding high income)
How they compare
Bulgaria currently reports 10.46 new registrations per 1,000 people ages 15-64 against 3.62 new registrations per 1,000 people ages 15-64 in Latin America & Caribbean (excluding high income), a difference of 6.84 new registrations per 1,000 people ages 15-64.
That makes Bulgaria's figure about 2.9 times Latin America & Caribbean (excluding high income)'s.
Across all 17 years both countries report, Bulgaria has been ahead every year.
Bulgaria ranks 24th and Latin America & Caribbean (excluding high income) ranks 21st of 177 countries.
Bulgaria has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Bulgaria | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 6.75 new registrations per 1,000 people ages 15-64 | 1.8 new registrations per 1,000 people ages 15-64 | 4.95 new registrations per 1,000 people ages 15-64 | Bulgaria |
| 2010s | 8.94 new registrations per 1,000 people ages 15-64 | 1.91 new registrations per 1,000 people ages 15-64 | 7.02 new registrations per 1,000 people ages 15-64 | Bulgaria |
| 2020s | 9.6 new registrations per 1,000 people ages 15-64 | 3.11 new registrations per 1,000 people ages 15-64 | 6.49 new registrations per 1,000 people ages 15-64 | Bulgaria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Bulgaria or Latin America & Caribbean (excluding high income)?
- Bulgaria, at 10.46 new registrations per 1,000 people ages 15-64 against 3.62 new registrations per 1,000 people ages 15-64 in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in new business density between Bulgaria and Latin America & Caribbean (excluding high income)?
- 6.84 new registrations per 1,000 people ages 15-64, with Bulgaria ahead.
- How many years of comparable data are there for Bulgaria and Latin America & Caribbean (excluding high income)?
- 17 years are reported by both, from 2008 to 2024.
- How do Bulgaria and Latin America & Caribbean (excluding high income) rank globally for new business density?
- Bulgaria ranks 24th and Latin America & Caribbean (excluding high income) ranks 21st of 177 countries.
- Where does this data come from?
- Entrepreneurship Database, World Bank (WB), published as New business density (new registrations per 1,000 people ages 15-64). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.