Latin America & the Caribbean (IDA & IBRD countries) vs Singapore: New business density
New business density over time
- Latin America & the Caribbean (IDA & IBRD countries)
- Singapore
How they compare
Singapore currently reports 11.59 new registrations per 1,000 people ages 15-64 against 3.65 new registrations per 1,000 people ages 15-64 in Latin America & the Caribbean (IDA & IBRD countries), a difference of 7.94 new registrations per 1,000 people ages 15-64.
That makes Singapore's figure about 3.2 times Latin America & the Caribbean (IDA & IBRD countries)'s.
Across all 19 years both countries report, Singapore has been ahead every year.
Latin America & the Caribbean (IDA & IBRD countries) ranks 20th 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 & the Caribbean (IDA & IBRD countries) | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.71 new registrations per 1,000 people ages 15-64 | 6.26 new registrations per 1,000 people ages 15-64 | 4.56 new registrations per 1,000 people ages 15-64 | Singapore |
| 2010s | 2.1 new registrations per 1,000 people ages 15-64 | 8.31 new registrations per 1,000 people ages 15-64 | 6.21 new registrations per 1,000 people ages 15-64 | Singapore |
| 2020s | 3.33 new registrations per 1,000 people ages 15-64 | 10.96 new registrations per 1,000 people ages 15-64 | 7.64 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 & the Caribbean (IDA & IBRD countries) or Singapore?
- Singapore, at 11.59 new registrations per 1,000 people ages 15-64 against 3.65 new registrations per 1,000 people ages 15-64 in Latin America & the Caribbean (IDA & IBRD countries) as of 2024.
- What is the difference in new business density between Latin America & the Caribbean (IDA & IBRD countries) and Singapore?
- 7.94 new registrations per 1,000 people ages 15-64, with Singapore ahead.
- How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Singapore?
- 19 years are reported by both, from 2006 to 2024.
- How do Latin America & the Caribbean (IDA & IBRD countries) and Singapore rank globally for new business density?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 20th 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.