Nigeria vs Saint Lucia: New business density
Nigeria
1.12 new registrations per 1,000 people ages 15-64
in 2022
Saint Lucia
1.06 new registrations per 1,000 people ages 15-64
in 2024
Nigeria rank
124th
Saint Lucia rank
127th
New business density over time
- Nigeria
- Saint Lucia
How they compare
Nigeria currently reports 1.12 new registrations per 1,000 people ages 15-64 against 1.06 new registrations per 1,000 people ages 15-64 in Saint Lucia, a difference of 0.06 new registrations per 1,000 people ages 15-64.
That makes Nigeria's figure about 1.1 times Saint Lucia's.
Across all 17 years both countries report, Saint Lucia has been ahead every year.
Nigeria ranks 124th and Saint Lucia ranks 127th of 177 countries.
Saint Lucia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Nigeria | Saint Lucia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.6358 new registrations per 1,000 people ages 15-64 | 5.01 new registrations per 1,000 people ages 15-64 | 4.37 new registrations per 1,000 people ages 15-64 | Saint Lucia |
| 2010s | 0.7702 new registrations per 1,000 people ages 15-64 | 2.95 new registrations per 1,000 people ages 15-64 | 2.18 new registrations per 1,000 people ages 15-64 | Saint Lucia |
| 2020s | 1.02 new registrations per 1,000 people ages 15-64 | 2.27 new registrations per 1,000 people ages 15-64 | 1.25 new registrations per 1,000 people ages 15-64 | Saint Lucia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Nigeria or Saint Lucia?
- Nigeria, at 1.12 new registrations per 1,000 people ages 15-64 against 1.06 new registrations per 1,000 people ages 15-64 in Saint Lucia as of 2022.
- What is the difference in new business density between Nigeria and Saint Lucia?
- 0.06 new registrations per 1,000 people ages 15-64, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Saint Lucia?
- 17 years are reported by both, from 2006 to 2022.
- How do Nigeria and Saint Lucia rank globally for new business density?
- Nigeria ranks 124th and Saint Lucia ranks 127th 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.