Nigeria vs Sri Lanka: New business density
Nigeria
1.12 new registrations per 1,000 people ages 15-64
in 2022
Sri Lanka
1.19 new registrations per 1,000 people ages 15-64
in 2022
Nigeria rank
124th
Sri Lanka rank
121st
New business density over time
- Nigeria
- Sri Lanka
How they compare
Sri Lanka currently reports 1.19 new registrations per 1,000 people ages 15-64 against 1.12 new registrations per 1,000 people ages 15-64 in Nigeria, a difference of 0.07 new registrations per 1,000 people ages 15-64.
That makes Sri Lanka's figure about 1.1 times Nigeria's.
The two have swapped places 1 time across 13 shared years of data; in 2008 it was Nigeria ahead.
Nigeria ranks 124th and Sri Lanka ranks 121st of 177 countries.
Across the 3 decades both report, Nigeria averaged higher in 2 and Sri Lanka in 1.
Head to head by decade
| Decade | Nigeria | Sri Lanka | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.7669 new registrations per 1,000 people ages 15-64 | 0.3009 new registrations per 1,000 people ages 15-64 | 0.466 new registrations per 1,000 people ages 15-64 | Nigeria |
| 2010s | 0.7663 new registrations per 1,000 people ages 15-64 | 0.5445 new registrations per 1,000 people ages 15-64 | 0.2219 new registrations per 1,000 people ages 15-64 | Nigeria |
| 2020s | 1.1 new registrations per 1,000 people ages 15-64 | 1.21 new registrations per 1,000 people ages 15-64 | 0.1128 new registrations per 1,000 people ages 15-64 | Sri Lanka |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Nigeria or Sri Lanka?
- Sri Lanka, at 1.19 new registrations per 1,000 people ages 15-64 against 1.12 new registrations per 1,000 people ages 15-64 in Nigeria as of 2022.
- What is the difference in new business density between Nigeria and Sri Lanka?
- 0.07 new registrations per 1,000 people ages 15-64, with Sri Lanka ahead.
- How many years of comparable data are there for Nigeria and Sri Lanka?
- 13 years are reported by both, from 2008 to 2022.
- How do Nigeria and Sri Lanka rank globally for new business density?
- Nigeria ranks 124th and Sri Lanka ranks 121st 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.