Cape Verde vs Upper middle income: New business density
Cape Verde
21.76 new registrations per 1,000 people ages 15-64
in 2024
Upper middle income
9.26 new registrations per 1,000 people ages 15-64
in 2024
Cape Verde rank
5th
Upper middle income rank
6th
New business density over time
- Cape Verde
- Upper middle income
How they compare
Cape Verde currently reports 21.76 new registrations per 1,000 people ages 15-64 against 9.26 new registrations per 1,000 people ages 15-64 in Upper middle income, a difference of 12.5 new registrations per 1,000 people ages 15-64.
That makes Cape Verde's figure about 2.4 times Upper middle income's.
The two have swapped places 1 time across 17 shared years of data; in 2008 it was Upper middle income ahead.
Cape Verde ranks 5th and Upper middle income ranks 6th of 177 countries.
Across the 3 decades both report, Cape Verde averaged higher in 2 and Upper middle income in 1.
Head to head by decade
| Decade | Cape Verde | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.05 new registrations per 1,000 people ages 15-64 | 3.12 new registrations per 1,000 people ages 15-64 | 1.07 new registrations per 1,000 people ages 15-64 | Upper middle income |
| 2010s | 7.85 new registrations per 1,000 people ages 15-64 | 6.21 new registrations per 1,000 people ages 15-64 | 1.64 new registrations per 1,000 people ages 15-64 | Cape Verde |
| 2020s | 20.56 new registrations per 1,000 people ages 15-64 | 9.69 new registrations per 1,000 people ages 15-64 | 10.88 new registrations per 1,000 people ages 15-64 | Cape Verde |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Cape Verde or Upper middle income?
- Cape Verde, at 21.76 new registrations per 1,000 people ages 15-64 against 9.26 new registrations per 1,000 people ages 15-64 in Upper middle income as of 2024.
- What is the difference in new business density between Cape Verde and Upper middle income?
- 12.5 new registrations per 1,000 people ages 15-64, with Cape Verde ahead.
- How many years of comparable data are there for Cape Verde and Upper middle income?
- 17 years are reported by both, from 2008 to 2024.
- How do Cape Verde and Upper middle income rank globally for new business density?
- Cape Verde ranks 5th and Upper middle income ranks 6th 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.