South Korea vs Uruguay: 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
Uruguay
3.23 new registrations per 1,000 people ages 15-64
in 2024
South Korea rank
66th
Uruguay rank
69th
New business density (new registrations per 1,000 people ages 15-64) over time
- South Korea
- Uruguay
How they compare
South Korea currently reports 3.51 new registrations per 1,000 people ages 15-64 against 3.23 new registrations per 1,000 people ages 15-64 in Uruguay, a difference of 0.28 new registrations per 1,000 people ages 15-64.
That makes South Korea's figure about 1.1 times Uruguay's.
The two have swapped places 3 times across 18 shared years of data; in 2006 it was Uruguay ahead.
South Korea ranks 66th and Uruguay ranks 69th of 177 countries.
South Korea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | South Korea | Uruguay | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.1 new registrations per 1,000 people ages 15-64 | 1.97 new registrations per 1,000 people ages 15-64 | 0.1338 new registrations per 1,000 people ages 15-64 | South Korea |
| 2010s | 3.03 new registrations per 1,000 people ages 15-64 | 2.2 new registrations per 1,000 people ages 15-64 | 0.8238 new registrations per 1,000 people ages 15-64 | South Korea |
| 2020s | 3.96 new registrations per 1,000 people ages 15-64 | 2.8 new registrations per 1,000 people ages 15-64 | 1.16 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 Uruguay?
- South Korea, at 3.51 new registrations per 1,000 people ages 15-64 against 3.23 new registrations per 1,000 people ages 15-64 in Uruguay as of 2023.
- What is the difference in new business density between South Korea and Uruguay?
- 0.28 new registrations per 1,000 people ages 15-64, with South Korea ahead.
- How many years of comparable data are there for South Korea and Uruguay?
- 18 years are reported by both, from 2006 to 2023.
- How do South Korea and Uruguay rank globally for new business density?
- South Korea ranks 66th and Uruguay ranks 69th 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.