New business density in Australia
Australia: New business density was 18.06 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
New business density in Australia, 2006–2024
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 Australia is 18.06 new registrations per 1,000 people ages 15-64, measured in 2024. That is the highest value across all 19 years on record.
The figure is up 8.6% on the previous year and up 26.7% over ten years.
Over the whole period, new business density in Australia peaked at 18.06 new registrations per 1,000 people ages 15-64 in 2024 and was at its lowest, 9.7 new registrations per 1,000 people ages 15-64, in 2006.
That places Australia 10th out of 177 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Australia, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 9.7 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 11.2 new registrations per 1,000 people ages 15-64 | +15.5% |
| 2008 | 9.89 new registrations per 1,000 people ages 15-64 | -11.8% |
| 2009 | 9.97 new registrations per 1,000 people ages 15-64 | +0.8% |
| 2010 | 10.72 new registrations per 1,000 people ages 15-64 | +7.6% |
| 2011 | 11.1 new registrations per 1,000 people ages 15-64 | +3.5% |
| 2012 | 12.1 new registrations per 1,000 people ages 15-64 | +9.0% |
| 2013 | 13.08 new registrations per 1,000 people ages 15-64 | +8.1% |
| 2014 | 14.25 new registrations per 1,000 people ages 15-64 | +8.9% |
| 2015 | 15.29 new registrations per 1,000 people ages 15-64 | +7.3% |
| 2016 | 15.24 new registrations per 1,000 people ages 15-64 | -0.3% |
| 2017 | 15.4 new registrations per 1,000 people ages 15-64 | +1.1% |
| 2018 | 14.39 new registrations per 1,000 people ages 15-64 | -6.5% |
| 2019 | 13.48 new registrations per 1,000 people ages 15-64 | -6.3% |
| 2020 | 14.16 new registrations per 1,000 people ages 15-64 | +5.0% |
| 2021 | 17.94 new registrations per 1,000 people ages 15-64 | +26.7% |
| 2022 | 16.13 new registrations per 1,000 people ages 15-64 | -10.1% |
| 2023 | 16.63 new registrations per 1,000 people ages 15-64 | +3.1% |
| 2024 | 18.06 new registrations per 1,000 people ages 15-64 | +8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.19 new registrations per 1,000 people ages 15-64 | 9.7 new registrations per 1,000 people ages 15-64 | 11.2 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 13.51 new registrations per 1,000 people ages 15-64 | 10.72 new registrations per 1,000 people ages 15-64 | 15.4 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 16.58 new registrations per 1,000 people ages 15-64 | 14.16 new registrations per 1,000 people ages 15-64 | 18.06 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Australia
- 7 Luxembourg 19.61 new registrations per 1,000 people ages 15-64 compare
- 8 United Kingdom of Great Britain and Northern Ireland 19.19 new registrations per 1,000 people ages 15-64 compare
- 9 Saint Kitts and Nevis 18.72 new registrations per 1,000 people ages 15-64 compare
- 11 Montenegro 17.86 new registrations per 1,000 people ages 15-64 compare
- 12 New Zealand 16.05 new registrations per 1,000 people ages 15-64 compare
- 13 China 15.59 new registrations per 1,000 people ages 15-64 compare
More private sector data for Australia
- Merchandise trade 36.0% (2025)
- Food imports 6.5% (2025)
- Manufactures imports 74.3% (2025)
- Merchandise imports 310.63 billion current US$ (2025)
- Food exports 13.7% (2025)
- Manufactures exports 9.8% (2025)
- Merchandise exports 337.58 billion current US$ (2025)
- Merchandise exports (current US$), per capita 12,225 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1877 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -0.9521 % change on previous year (2025)
Frequently asked questions
- What is new business density in Australia?
- New business density in Australia was 18.06 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 Australia?
- The highest recorded value was 18.06 new registrations per 1,000 people ages 15-64 in 2024.
- What is the lowest new business density recorded in Australia?
- The lowest recorded value was 9.7 new registrations per 1,000 people ages 15-64 in 2006.
- How does Australia rank for new business density?
- Australia ranks 10th out of 177 countries with data for 2024.
- Is new business density rising or falling in Australia?
- Over the last ten years it is up 26.7%. The long-run trend across the full record is rising.
- Where does this Australia 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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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.