New business density in Africa Eastern and Southern
Africa Eastern and Southern: New business density was 2.42 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
New business density in Africa Eastern and Southern, 2013–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
The most recent figure for new business density in Africa Eastern and Southern is 2.42 new registrations per 1,000 people ages 15-64, measured in 2024. That is the highest value across all 12 years on record.
Compared with earlier readings it is up 11.6% on the previous year and up 62.5% over ten years.
Over the whole period, new business density in Africa Eastern and Southern peaked at 2.42 new registrations per 1,000 people ages 15-64 in 2024 and was at its lowest, 1.49 new registrations per 1,000 people ages 15-64, in 2014.
Africa Eastern and Southern ranks 25th of 45 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
New business density in Africa Eastern and Southern, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2013 | 1.66 new registrations per 1,000 people ages 15-64 | — |
| 2014 | 1.49 new registrations per 1,000 people ages 15-64 | -10.3% |
| 2015 | 1.89 new registrations per 1,000 people ages 15-64 | +26.6% |
| 2016 | 1.89 new registrations per 1,000 people ages 15-64 | -0.2% |
| 2017 | 1.82 new registrations per 1,000 people ages 15-64 | -3.5% |
| 2018 | 1.83 new registrations per 1,000 people ages 15-64 | +0.6% |
| 2019 | 2.05 new registrations per 1,000 people ages 15-64 | +11.9% |
| 2020 | 2.22 new registrations per 1,000 people ages 15-64 | +8.5% |
| 2021 | 2.28 new registrations per 1,000 people ages 15-64 | +2.5% |
| 2022 | 2.2 new registrations per 1,000 people ages 15-64 | -3.6% |
| 2023 | 2.17 new registrations per 1,000 people ages 15-64 | -1.1% |
| 2024 | 2.42 new registrations per 1,000 people ages 15-64 | +11.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.8 new registrations per 1,000 people ages 15-64 | 1.49 new registrations per 1,000 people ages 15-64 | 2.05 new registrations per 1,000 people ages 15-64 | 7 |
| 2020s | 2.26 new registrations per 1,000 people ages 15-64 | 2.17 new registrations per 1,000 people ages 15-64 | 2.42 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Africa Eastern and Southern
- 22 Portugal 11 new registrations per 1,000 people ages 15-64 compare
- 23 Iceland 10.86 new registrations per 1,000 people ages 15-64 compare
- 24 Bulgaria 10.46 new registrations per 1,000 people ages 15-64 compare
- 25 Chile 9.09 new registrations per 1,000 people ages 15-64 compare
- 26 Malta 8.47 new registrations per 1,000 people ages 15-64 compare
- 27 Kosovo 8.35 new registrations per 1,000 people ages 15-64 compare
- 27 Kosovo (UNSCR 1244) 8.35 new registrations per 1,000 people ages 15-64 compare
More private sector data for Africa Eastern and Southern
- Merchandise trade 45.4% (2025)
- Food imports 10.9% (2024)
- Manufactures imports 60.3% (2024)
- Merchandise imports 337.80 billion current US$ (2025)
- Food exports 14.5% (2024)
- Manufactures exports 26.0% (2024)
- Merchandise exports 282.56 billion current US$ (2025)
- Merchandise exports (current US$), per capita 358.19 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.208 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 5.18 % change on previous year (2025)
Frequently asked questions
- What is new business density in Africa Eastern and Southern?
- New business density in Africa Eastern and Southern was 2.42 new registrations per 1,000 people ages 15-64 in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Africa Eastern and Southern?
- The highest recorded value was 2.42 new registrations per 1,000 people ages 15-64 in 2024.
- What is the lowest new business density recorded in Africa Eastern and Southern?
- The lowest recorded value was 1.49 new registrations per 1,000 people ages 15-64 in 2014.
- How does Africa Eastern and Southern rank for new business density?
- Africa Eastern and Southern ranks 25th out of 45 groups with data for 2024.
- Is new business density rising or falling in Africa Eastern and Southern?
- Over the last ten years it is up 62.5%. The long-run trend across the full record is rising.
- Where does this Africa Eastern and Southern data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New business density (new registrations per 1,000 people ages 15-64). Statizoid updates them automatically from the source API.
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About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.