Korea vs Nigeria: New businesses registered
Korea
128,455 number
in 2023
Nigeria
136,961 number
in 2022
Korea rank
15th
Nigeria rank
12th
New businesses registered over time
- Korea
- Nigeria
How they compare
Nigeria currently reports 136,961 number against 128,455 number in Korea, a difference of 8,506 number.
That makes Nigeria's figure about 1.1 times Korea's.
Across all 17 years both countries report, Korea has been ahead every year.
Korea ranks 15th and Nigeria ranks 12th of 176 countries.
Korea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Korea | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 74,217 number | 52,469 number | 21,748 number | Korea |
| 2010s | 112,401 number | 76,636 number | 35,765 number | Korea |
| 2020s | 152,370 number | 121,643 number | 30,727 number | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new businesses registered, Korea or Nigeria?
- Nigeria, at 136,961 number against 128,455 number in Korea as of 2022.
- What is the difference in new businesses registered between Korea and Nigeria?
- 8,506 number, with Nigeria ahead.
- How many years of comparable data are there for Korea and Nigeria?
- 17 years are reported by both, from 2006 to 2022.
- How do Korea and Nigeria rank globally for new businesses registered?
- Korea ranks 15th and Nigeria ranks 12th of 176 countries.
- Where does this data come from?
- Entrepreneurship Database, World Bank (WB), published as New businesses registered (number). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.