Singapore vs South Africa: New business density
Singapore
11.59 new registrations per 1,000 people ages 15-64
in 2024
South Africa
11.46 new registrations per 1,000 people ages 15-64
in 2024
Singapore rank
20th
South Africa rank
21st
New business density over time
- Singapore
- South Africa
How they compare
Singapore currently reports 11.59 new registrations per 1,000 people ages 15-64 against 11.46 new registrations per 1,000 people ages 15-64 in South Africa, a difference of 0.13 new registrations per 1,000 people ages 15-64.
The two have swapped places 3 times across 19 shared years of data; in 2006 it was South Africa ahead.
Singapore ranks 20th and South Africa ranks 21st of 177 countries.
Across the 3 decades both report, Singapore averaged higher in 1 and South Africa in 2.
Head to head by decade
| Decade | Singapore | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 6.26 new registrations per 1,000 people ages 15-64 | 8.6 new registrations per 1,000 people ages 15-64 | 2.34 new registrations per 1,000 people ages 15-64 | South Africa |
| 2010s | 8.31 new registrations per 1,000 people ages 15-64 | 8.28 new registrations per 1,000 people ages 15-64 | 0.031 new registrations per 1,000 people ages 15-64 | Singapore |
| 2020s | 10.96 new registrations per 1,000 people ages 15-64 | 11.01 new registrations per 1,000 people ages 15-64 | 0.041 new registrations per 1,000 people ages 15-64 | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, Singapore or South Africa?
- Singapore, at 11.59 new registrations per 1,000 people ages 15-64 against 11.46 new registrations per 1,000 people ages 15-64 in South Africa as of 2024.
- What is the difference in new business density between Singapore and South Africa?
- 0.13 new registrations per 1,000 people ages 15-64, with Singapore ahead.
- How many years of comparable data are there for Singapore and South Africa?
- 19 years are reported by both, from 2006 to 2024.
- How do Singapore and South Africa rank globally for new business density?
- Singapore ranks 20th and South Africa ranks 21st 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.