Lower middle income vs Namibia: New business density
Lower middle income
0.4975 new registrations per 1,000 people ages 15-64
in 2024
Namibia
6.74 new registrations per 1,000 people ages 15-64
in 2024
Lower middle income rank
38th
Namibia rank
40th
New business density over time
- Lower middle income
- Namibia
How they compare
Namibia currently reports 6.74 new registrations per 1,000 people ages 15-64 against 0.4975 new registrations per 1,000 people ages 15-64 in Lower middle income, a difference of 6.24 new registrations per 1,000 people ages 15-64.
That makes Namibia's figure about 13.5 times Lower middle income's.
Across all 19 years both countries report, Namibia has been ahead every year.
Lower middle income ranks 38th and Namibia ranks 40th of 45 groups.
Namibia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Lower middle income | Namibia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.1926 new registrations per 1,000 people ages 15-64 | 4 new registrations per 1,000 people ages 15-64 | 3.81 new registrations per 1,000 people ages 15-64 | Namibia |
| 2010s | 0.2832 new registrations per 1,000 people ages 15-64 | 9.08 new registrations per 1,000 people ages 15-64 | 8.8 new registrations per 1,000 people ages 15-64 | Namibia |
| 2020s | 0.4852 new registrations per 1,000 people ages 15-64 | 6.91 new registrations per 1,000 people ages 15-64 | 6.42 new registrations per 1,000 people ages 15-64 | Namibia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Lower middle income or Namibia?
- Namibia, at 6.74 new registrations per 1,000 people ages 15-64 against 0.4975 new registrations per 1,000 people ages 15-64 in Lower middle income as of 2024.
- What is the difference in new business density between Lower middle income and Namibia?
- 6.24 new registrations per 1,000 people ages 15-64, with Namibia ahead.
- How many years of comparable data are there for Lower middle income and Namibia?
- 19 years are reported by both, from 2006 to 2024.
- How do Lower middle income and Namibia rank globally for new business density?
- Lower middle income ranks 38th and Namibia ranks 40th 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.