Iceland vs South Africa: New business density
Iceland
10.86 new registrations per 1,000 people ages 15-64
in 2024
South Africa
11.46 new registrations per 1,000 people ages 15-64
in 2024
Iceland rank
23rd
South Africa rank
21st
New business density over time
- Iceland
- South Africa
How they compare
South Africa currently reports 11.46 new registrations per 1,000 people ages 15-64 against 10.86 new registrations per 1,000 people ages 15-64 in Iceland, a difference of 0.6 new registrations per 1,000 people ages 15-64.
That makes South Africa's figure about 1.1 times Iceland's.
The two have swapped places 3 times across 19 shared years of data; in 2006 it was Iceland ahead.
Iceland ranks 23rd and South Africa ranks 21st of 177 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 14.51 new registrations per 1,000 people ages 15-64 | 8.6 new registrations per 1,000 people ages 15-64 | 5.91 new registrations per 1,000 people ages 15-64 | Iceland |
| 2010s | 9.61 new registrations per 1,000 people ages 15-64 | 8.28 new registrations per 1,000 people ages 15-64 | 1.33 new registrations per 1,000 people ages 15-64 | Iceland |
| 2020s | 11.59 new registrations per 1,000 people ages 15-64 | 11.01 new registrations per 1,000 people ages 15-64 | 0.5852 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 South Africa?
- South Africa, at 11.46 new registrations per 1,000 people ages 15-64 against 10.86 new registrations per 1,000 people ages 15-64 in Iceland as of 2024.
- What is the difference in new business density between Iceland and South Africa?
- 0.6 new registrations per 1,000 people ages 15-64, with South Africa ahead.
- How many years of comparable data are there for Iceland and South Africa?
- 19 years are reported by both, from 2006 to 2024.
- How do Iceland and South Africa rank globally for new business density?
- Iceland ranks 23rd and South Africa 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.