South Korea vs Spain: New business density (new registrations per 1,000 people ages 15-64)
South Korea
3.51 new registrations per 1,000 people ages 15-64
in 2023
Spain
3.67 new registrations per 1,000 people ages 15-64
in 2024
South Korea rank
66th
Spain rank
65th
New business density (new registrations per 1,000 people ages 15-64) over time
- South Korea
- Spain
How they compare
Spain currently reports 3.67 new registrations per 1,000 people ages 15-64 against 3.51 new registrations per 1,000 people ages 15-64 in South Korea, a difference of 0.16 new registrations per 1,000 people ages 15-64.
The two have swapped places 1 time across 18 shared years of data; in 2006 it was Spain ahead.
South Korea ranks 66th and Spain ranks 65th of 177 countries.
Across the 3 decades both report, South Korea averaged higher in 2 and Spain in 1.
Head to head by decade
| Decade | South Korea | Spain | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.1 new registrations per 1,000 people ages 15-64 | 3.79 new registrations per 1,000 people ages 15-64 | 1.69 new registrations per 1,000 people ages 15-64 | Spain |
| 2010s | 3.03 new registrations per 1,000 people ages 15-64 | 2.95 new registrations per 1,000 people ages 15-64 | 0.0805 new registrations per 1,000 people ages 15-64 | South Korea |
| 2020s | 3.96 new registrations per 1,000 people ages 15-64 | 3.07 new registrations per 1,000 people ages 15-64 | 0.8974 new registrations per 1,000 people ages 15-64 | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, South Korea or Spain?
- Spain, at 3.67 new registrations per 1,000 people ages 15-64 against 3.51 new registrations per 1,000 people ages 15-64 in South Korea as of 2024.
- What is the difference in new business density between South Korea and Spain?
- 0.16 new registrations per 1,000 people ages 15-64, with Spain ahead.
- How many years of comparable data are there for South Korea and Spain?
- 18 years are reported by both, from 2006 to 2023.
- How do South Korea and Spain rank globally for new business density?
- South Korea ranks 66th and Spain ranks 65th 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.