Latin America & Caribbean vs South Africa: New business density
Latin America & Caribbean
3.68 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
Latin America & Caribbean rank
19th
South Africa rank
21st
New business density over time
- Latin America & Caribbean
- South Africa
How they compare
South Africa currently reports 11.46 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 7.78 new registrations per 1,000 people ages 15-64.
That makes South Africa's figure about 3.1 times Latin America & Caribbean's.
Across all 19 years both countries report, South Africa has been ahead every year.
Latin America & Caribbean ranks 19th and South Africa ranks 21st of 45 groups.
South Africa has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.75 new registrations per 1,000 people ages 15-64 | 8.6 new registrations per 1,000 people ages 15-64 | 6.85 new registrations per 1,000 people ages 15-64 | South Africa |
| 2010s | 2.14 new registrations per 1,000 people ages 15-64 | 8.28 new registrations per 1,000 people ages 15-64 | 6.14 new registrations per 1,000 people ages 15-64 | South Africa |
| 2020s | 3.37 new registrations per 1,000 people ages 15-64 | 11.01 new registrations per 1,000 people ages 15-64 | 7.64 new registrations per 1,000 people ages 15-64 | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Latin America & Caribbean or South Africa?
- South Africa, at 11.46 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 South Africa?
- 7.78 new registrations per 1,000 people ages 15-64, with South Africa ahead.
- How many years of comparable data are there for Latin America & Caribbean and South Africa?
- 19 years are reported by both, from 2006 to 2024.
- How do Latin America & Caribbean and South Africa rank globally for new business density?
- Latin America & Caribbean ranks 19th and South Africa ranks 21st 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.