What is the difference in new business density between Nigeria and Uganda?

0.04 new registrations per 1,000 people ages 15-64, with Nigeria ahead.

How many years of comparable data are there for Nigeria and Uganda?

17 years are reported by both, from 2006 to 2022.

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.

Nigeria vs Uganda: New business density

Nigeria

1.12 new registrations per 1,000 people ages 15-64

in 2022

Uganda

1.08 new registrations per 1,000 people ages 15-64

in 2024

Nigeria rank

124th

Uganda rank

126th

New business density over time

Nigeria
Uganda

How they compare

Nigeria currently reports 1.12 new registrations per 1,000 people ages 15-64 against 1.08 new registrations per 1,000 people ages 15-64 in Uganda, a difference of 0.04 new registrations per 1,000 people ages 15-64.

The two have swapped places 5 times across 17 shared years of data; in 2006 it was Uganda ahead.

Nigeria ranks 124th and Uganda ranks 126th of 177 countries.

Across the 3 decades both report, Nigeria averaged higher in 2 and Uganda in 1.

Head to head by decade

Decade	Nigeria	Uganda	Difference	Ahead
2000s	0.6358 new registrations per 1,000 people ages 15-64	0.5603 new registrations per 1,000 people ages 15-64	0.0754 new registrations per 1,000 people ages 15-64	Nigeria
2010s	0.7702 new registrations per 1,000 people ages 15-64	0.9122 new registrations per 1,000 people ages 15-64	0.142 new registrations per 1,000 people ages 15-64	Uganda
2020s	1.02 new registrations per 1,000 people ages 15-64	0.8615 new registrations per 1,000 people ages 15-64	0.1549 new registrations per 1,000 people ages 15-64	Nigeria

Averages of every year both report within each decade.

Frequently asked questions

Which has higher new business density, Nigeria or Uganda?: Nigeria, at 1.12 new registrations per 1,000 people ages 15-64 against 1.08 new registrations per 1,000 people ages 15-64 in Uganda as of 2022.
What is the difference in new business density between Nigeria and Uganda?: 0.04 new registrations per 1,000 people ages 15-64, with Nigeria ahead.
How many years of comparable data are there for Nigeria and Uganda?: 17 years are reported by both, from 2006 to 2022.
How do Nigeria and Uganda rank globally for new business density?: Nigeria ranks 124th and Uganda ranks 126th 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

Share, cite or embed this page

Cite this page

Nigeria vs Uganda: New business density. Statizoid, drawing on Entrepreneurship Database, World Bank (WB). Retrieved 10 September 2026, from https://private-sector.statizoid.com/compare/new-business-density-new-registrations-per-1-000-people-ages-15-64/nigeria/uganda/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (World Bank Open Data); please keep the attribution.

<a href="https://private-sector.statizoid.com/compare/new-business-density-new-registrations-per-1-000-people-ages-15-64/nigeria/uganda/">Nigeria vs Uganda: New business density</a> — Statizoid

About this data

Indicator: New business density (new registrations per 1,000 people ages 15-64)
Unit: new registrations per 1,000 people ages 15-64
Source: Entrepreneurship Database, World Bank (WB)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 222 places, 3,644 data points, 2006–2024
Last refreshed: 03 September 2026

The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.