New business density in Barbados
Barbados: New business density was 8.11 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
New business density in Barbados, 2015–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Barbados stood at 8.11 new registrations per 1,000 people ages 15-64. That is the highest value across all 10 years on record.
The figure is up 5.0% on the previous year and up 39.0% over ten years.
Over the whole period, new business density in Barbados peaked at 8.11 new registrations per 1,000 people ages 15-64 in 2024 and was at its lowest, 4.52 new registrations per 1,000 people ages 15-64, in 2018.
Barbados ranks 32nd of 177 countries on this measure, in the top quarter.
New business density in Barbados, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2015 | 5.83 new registrations per 1,000 people ages 15-64 | — |
| 2016 | 5.56 new registrations per 1,000 people ages 15-64 | -4.6% |
| 2017 | 4.97 new registrations per 1,000 people ages 15-64 | -10.6% |
| 2018 | 4.52 new registrations per 1,000 people ages 15-64 | -9.1% |
| 2019 | 4.95 new registrations per 1,000 people ages 15-64 | +9.5% |
| 2020 | 4.94 new registrations per 1,000 people ages 15-64 | -0.3% |
| 2021 | 5.28 new registrations per 1,000 people ages 15-64 | +6.9% |
| 2022 | 5.47 new registrations per 1,000 people ages 15-64 | +3.7% |
| 2023 | 7.73 new registrations per 1,000 people ages 15-64 | +41.3% |
| 2024 | 8.11 new registrations per 1,000 people ages 15-64 | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.17 new registrations per 1,000 people ages 15-64 | 4.52 new registrations per 1,000 people ages 15-64 | 5.83 new registrations per 1,000 people ages 15-64 | 5 |
| 2020s | 6.3 new registrations per 1,000 people ages 15-64 | 4.94 new registrations per 1,000 people ages 15-64 | 8.11 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Barbados
- 29 Norway 8.32 new registrations per 1,000 people ages 15-64 compare
- 30 Côte d'Ivoire 8.28 new registrations per 1,000 people ages 15-64 compare
- 31 Mongolia 8.26 new registrations per 1,000 people ages 15-64 compare
- 33 Georgia 7.62 new registrations per 1,000 people ages 15-64 compare
- 34 Romania 7.47 new registrations per 1,000 people ages 15-64 compare
- 35 Sweden 7.08 new registrations per 1,000 people ages 15-64 compare
More private sector data for Barbados
- Merchandise trade 33.1% (2025)
- Food imports 22.7% (2024)
- Manufactures imports 52.6% (2024)
- Merchandise imports 2.23 billion current US$ (2025)
- Food exports 43.5% (2024)
- Manufactures exports 39.9% (2024)
- Merchandise exports 428.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,514 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0534 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -7.16 % change on previous year (2025)
Frequently asked questions
- What is new business density in Barbados?
- New business density in Barbados was 8.11 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 Barbados?
- The highest recorded value was 8.11 new registrations per 1,000 people ages 15-64 in 2024.
- What is the lowest new business density recorded in Barbados?
- The lowest recorded value was 4.52 new registrations per 1,000 people ages 15-64 in 2018.
- How does Barbados rank for new business density?
- Barbados ranks 32nd out of 177 countries with data for 2024.
- Is new business density rising or falling in Barbados?
- Over the last ten years it is up 39.0%. The long-run trend across the full record is rising.
- Where does this Barbados 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.