Iceland vs Latin America & the Caribbean (IDA & IBRD countries): New business density
New business density over time
- Iceland
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Iceland currently reports 10.86 new registrations per 1,000 people ages 15-64 against 3.65 new registrations per 1,000 people ages 15-64 in Latin America & the Caribbean (IDA & IBRD countries), a difference of 7.21 new registrations per 1,000 people ages 15-64.
That makes Iceland's figure about 3.0 times Latin America & the Caribbean (IDA & IBRD countries)'s.
Across all 19 years both countries report, Iceland has been ahead every year.
Iceland ranks 23rd and Latin America & the Caribbean (IDA & IBRD countries) ranks 20th of 177 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 14.51 new registrations per 1,000 people ages 15-64 | 1.71 new registrations per 1,000 people ages 15-64 | 12.8 new registrations per 1,000 people ages 15-64 | Iceland |
| 2010s | 9.61 new registrations per 1,000 people ages 15-64 | 2.1 new registrations per 1,000 people ages 15-64 | 7.51 new registrations per 1,000 people ages 15-64 | Iceland |
| 2020s | 11.59 new registrations per 1,000 people ages 15-64 | 3.33 new registrations per 1,000 people ages 15-64 | 8.26 new registrations per 1,000 people ages 15-64 | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Iceland or Latin America & the Caribbean (IDA & IBRD countries)?
- Iceland, at 10.86 new registrations per 1,000 people ages 15-64 against 3.65 new registrations per 1,000 people ages 15-64 in Latin America & the Caribbean (IDA & IBRD countries) as of 2024.
- What is the difference in new business density between Iceland and Latin America & the Caribbean (IDA & IBRD countries)?
- 7.21 new registrations per 1,000 people ages 15-64, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latin America & the Caribbean (IDA & IBRD countries)?
- 19 years are reported by both, from 2006 to 2024.
- How do Iceland and Latin America & the Caribbean (IDA & IBRD countries) rank globally for new business density?
- Iceland ranks 23rd and Latin America & the Caribbean (IDA & IBRD countries) ranks 20th 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.