Caribbean Small States vs South Africa: New business density
Caribbean Small States
3.37 new registrations per 1,000 people ages 15-64
in 2020
South Africa
11.46 new registrations per 1,000 people ages 15-64
in 2024
Caribbean Small States rank
22nd
South Africa rank
21st
New business density over time
- Caribbean Small States
- South Africa
How they compare
South Africa currently reports 11.46 new registrations per 1,000 people ages 15-64 against 3.37 new registrations per 1,000 people ages 15-64 in Caribbean Small States, a difference of 8.09 new registrations per 1,000 people ages 15-64.
That makes South Africa's figure about 3.4 times Caribbean Small States's.
Across all 15 years both countries report, South Africa has been ahead every year.
Caribbean Small States ranks 22nd and South Africa ranks 21st of 45 groups.
South Africa has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Caribbean Small States | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.52 new registrations per 1,000 people ages 15-64 | 8.6 new registrations per 1,000 people ages 15-64 | 6.08 new registrations per 1,000 people ages 15-64 | South Africa |
| 2010s | 3.07 new registrations per 1,000 people ages 15-64 | 8.28 new registrations per 1,000 people ages 15-64 | 5.21 new registrations per 1,000 people ages 15-64 | South Africa |
| 2020s | 3.37 new registrations per 1,000 people ages 15-64 | 12.11 new registrations per 1,000 people ages 15-64 | 8.73 new registrations per 1,000 people ages 15-64 | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Caribbean Small States or South Africa?
- South Africa, at 11.46 new registrations per 1,000 people ages 15-64 against 3.37 new registrations per 1,000 people ages 15-64 in Caribbean Small States as of 2024.
- What is the difference in new business density between Caribbean Small States and South Africa?
- 8.09 new registrations per 1,000 people ages 15-64, with South Africa ahead.
- How many years of comparable data are there for Caribbean Small States and South Africa?
- 15 years are reported by both, from 2006 to 2020.
- How do Caribbean Small States and South Africa rank globally for new business density?
- Caribbean Small States ranks 22nd and South Africa ranks 21st of 45 groups.
- 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.