New business density in Benin
Benin: New business density was 0.6901 new registrations per 1,000 people ages 15-64 in 2024. ◆ Volatile
Latest (2024)
0.6901 new registrations per 1,000 people ages 15-64
Change on year
down 11.3%
World rank
140th
of 176 countries
All-time high
0.8179 new registrations per 1,000 people ages 15-64
in 2021
All-time low
0.0289 new registrations per 1,000 people ages 15-64
in 2006
Years of data
19
2006–2024
New business density in Benin, 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 Benin is 0.6901 new registrations per 1,000 people ages 15-64, measured in 2024.
The figure is down 11.3% on the previous year and up 169.2% over ten years.
Over the whole period, new business density in Benin peaked at 0.8179 new registrations per 1,000 people ages 15-64 in 2021 and was at its lowest, 0.0289 new registrations per 1,000 people ages 15-64, in 2006.
That places Benin 140th out of 176 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
New business density in Benin, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.0289 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.0365 new registrations per 1,000 people ages 15-64 | +26.3% |
| 2008 | 0.036 new registrations per 1,000 people ages 15-64 | -1.5% |
| 2009 | 0.041 new registrations per 1,000 people ages 15-64 | +13.9% |
| 2010 | 0.0383 new registrations per 1,000 people ages 15-64 | -6.6% |
| 2011 | 0.0535 new registrations per 1,000 people ages 15-64 | +39.6% |
| 2012 | 0.1384 new registrations per 1,000 people ages 15-64 | +158.9% |
| 2013 | 0.1854 new registrations per 1,000 people ages 15-64 | +34.0% |
| 2014 | 0.2564 new registrations per 1,000 people ages 15-64 | +38.3% |
| 2015 | 0.5111 new registrations per 1,000 people ages 15-64 | +99.4% |
| 2016 | 0.51 new registrations per 1,000 people ages 15-64 | -0.2% |
| 2017 | 0.5217 new registrations per 1,000 people ages 15-64 | +2.3% |
| 2018 | 0.4966 new registrations per 1,000 people ages 15-64 | -4.8% |
| 2019 | 0.5276 new registrations per 1,000 people ages 15-64 | +6.2% |
| 2020 | 0.5996 new registrations per 1,000 people ages 15-64 | +13.6% |
| 2021 | 0.8179 new registrations per 1,000 people ages 15-64 | +36.4% |
| 2022 | 0.7372 new registrations per 1,000 people ages 15-64 | -9.9% |
| 2023 | 0.7776 new registrations per 1,000 people ages 15-64 | +5.5% |
| 2024 | 0.6901 new registrations per 1,000 people ages 15-64 | -11.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0356 new registrations per 1,000 people ages 15-64 | 0.0289 new registrations per 1,000 people ages 15-64 | 0.041 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 0.3239 new registrations per 1,000 people ages 15-64 | 0.0383 new registrations per 1,000 people ages 15-64 | 0.5276 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 0.7245 new registrations per 1,000 people ages 15-64 | 0.5996 new registrations per 1,000 people ages 15-64 | 0.8179 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Benin
- 137 Sierra Leone 0.7321 new registrations per 1,000 people ages 15-64 compare
- 138 Samoa 0.7178 new registrations per 1,000 people ages 15-64 compare
- 139 Tonga 0.6965 new registrations per 1,000 people ages 15-64 compare
- 141 Guinea 0.6853 new registrations per 1,000 people ages 15-64 compare
- 142 Djibouti 0.6756 new registrations per 1,000 people ages 15-64 compare
- 143 Jordan 0.669 new registrations per 1,000 people ages 15-64 compare
More private sector data for Benin
- Merchandise trade 36.4% (2025)
- Food imports 33.3% (2024)
- Manufactures imports 50.1% (2024)
- Merchandise imports 4.95 billion current US$ (2025)
- Food exports 39.7% (2024)
- Manufactures exports 7.4% (2024)
- Merchandise exports 3.99 billion current US$ (2025)
- Merchandise exports (current US$), per capita 269.2 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1623 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -0.8946 % change on previous year (2025)
Frequently asked questions
- What is new business density in Benin?
- New business density in Benin was 0.6901 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 Benin?
- The highest recorded value was 0.8179 new registrations per 1,000 people ages 15-64 in 2021.
- What is the lowest new business density recorded in Benin?
- The lowest recorded value was 0.0289 new registrations per 1,000 people ages 15-64 in 2006.
- How does Benin rank for new business density?
- Benin ranks 140th out of 176 countries with data for 2024.
- Is new business density rising or falling in Benin?
- Over the last ten years it is up 169.2%. The long-run trend across the full record is volatile.
- Where does this Benin 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.