Latin America & Caribbean vs Singapore: New business density
Latin America & Caribbean
3.68 new registrations per 1,000 people ages 15-64
in 2024
Singapore
11.59 new registrations per 1,000 people ages 15-64
in 2024
Latin America & Caribbean rank
19th
Singapore rank
20th
New business density over time
- Latin America & Caribbean
- Singapore
How they compare
Singapore currently reports 11.59 new registrations per 1,000 people ages 15-64 against 3.68 new registrations per 1,000 people ages 15-64 in Latin America & Caribbean, a difference of 7.91 new registrations per 1,000 people ages 15-64.
That makes Singapore's figure about 3.1 times Latin America & Caribbean's.
Across all 19 years both countries report, Singapore has been ahead every year.
Latin America & Caribbean ranks 19th and Singapore ranks 20th of 45 groups.
Singapore has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.75 new registrations per 1,000 people ages 15-64 | 6.26 new registrations per 1,000 people ages 15-64 | 4.52 new registrations per 1,000 people ages 15-64 | Singapore |
| 2010s | 2.14 new registrations per 1,000 people ages 15-64 | 8.31 new registrations per 1,000 people ages 15-64 | 6.17 new registrations per 1,000 people ages 15-64 | Singapore |
| 2020s | 3.37 new registrations per 1,000 people ages 15-64 | 10.96 new registrations per 1,000 people ages 15-64 | 7.6 new registrations per 1,000 people ages 15-64 | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Latin America & Caribbean or Singapore?
- Singapore, at 11.59 new registrations per 1,000 people ages 15-64 against 3.68 new registrations per 1,000 people ages 15-64 in Latin America & Caribbean as of 2024.
- What is the difference in new business density between Latin America & Caribbean and Singapore?
- 7.91 new registrations per 1,000 people ages 15-64, with Singapore ahead.
- How many years of comparable data are there for Latin America & Caribbean and Singapore?
- 19 years are reported by both, from 2006 to 2024.
- How do Latin America & Caribbean and Singapore rank globally for new business density?
- Latin America & Caribbean ranks 19th and Singapore ranks 20th 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.