New business density in Bhutan
Bhutan: New business density was 0.0714 new registrations per 1,000 people ages 15-64 in 2022. ◆ Volatile
Latest (2022)
0.0714 new registrations per 1,000 people ages 15-64
Change on year
down 12.4%
World rank
172nd
of 177 countries
All-time high
0.1491 new registrations per 1,000 people ages 15-64
in 2012
All-time low
0.0232 new registrations per 1,000 people ages 15-64
in 2007
Years of data
17
2006–2022
New business density in Bhutan, 2006–2022
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2022, new business density in Bhutan stood at 0.0714 new registrations per 1,000 people ages 15-64.
The figure is down 12.4% on the previous year and down 52.1% over ten years.
Over the whole period, new business density in Bhutan peaked at 0.1491 new registrations per 1,000 people ages 15-64 in 2012 and was at its lowest, 0.0232 new registrations per 1,000 people ages 15-64, in 2007.
That places Bhutan 172nd out of 177 countries with data for 2022, 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 Bhutan, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.0237 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.0232 new registrations per 1,000 people ages 15-64 | -2.3% |
| 2008 | 0.0408 new registrations per 1,000 people ages 15-64 | +76.1% |
| 2009 | 0.0266 new registrations per 1,000 people ages 15-64 | -34.7% |
| 2010 | 0.0327 new registrations per 1,000 people ages 15-64 | +22.6% |
| 2011 | 0.047 new registrations per 1,000 people ages 15-64 | +44.0% |
| 2012 | 0.1491 new registrations per 1,000 people ages 15-64 | +217.1% |
| 2013 | 0.0475 new registrations per 1,000 people ages 15-64 | -68.1% |
| 2014 | 0.0488 new registrations per 1,000 people ages 15-64 | +2.7% |
| 2015 | 0.0701 new registrations per 1,000 people ages 15-64 | +43.6% |
| 2016 | 0.0947 new registrations per 1,000 people ages 15-64 | +35.1% |
| 2017 | 0.1319 new registrations per 1,000 people ages 15-64 | +39.3% |
| 2018 | 0.0819 new registrations per 1,000 people ages 15-64 | -37.9% |
| 2019 | 0.0935 new registrations per 1,000 people ages 15-64 | +14.2% |
| 2020 | 0.0772 new registrations per 1,000 people ages 15-64 | -17.4% |
| 2021 | 0.0815 new registrations per 1,000 people ages 15-64 | +5.5% |
| 2022 | 0.0714 new registrations per 1,000 people ages 15-64 | -12.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0286 new registrations per 1,000 people ages 15-64 | 0.0232 new registrations per 1,000 people ages 15-64 | 0.0408 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 0.0797 new registrations per 1,000 people ages 15-64 | 0.0327 new registrations per 1,000 people ages 15-64 | 0.1491 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 0.0767 new registrations per 1,000 people ages 15-64 | 0.0714 new registrations per 1,000 people ages 15-64 | 0.0815 new registrations per 1,000 people ages 15-64 | 3 |
Countries ranked near Bhutan
- 169 Congo, Democratic Republic of the 0.1096 new registrations per 1,000 people ages 15-64 compare
- 170 Niger 0.0998 new registrations per 1,000 people ages 15-64 compare
- 171 Central African Republic 0.0991 new registrations per 1,000 people ages 15-64 compare
- 173 Haiti 0.0653 new registrations per 1,000 people ages 15-64 compare
- 174 Bangladesh 0.0648 new registrations per 1,000 people ages 15-64 compare
- 175 Liberia 0.052 new registrations per 1,000 people ages 15-64 compare
More private sector data for Bhutan
- Merchandise trade 83.3% (2025)
- Food imports 11.4% (2025)
- Manufactures imports 70.4% (2025)
- Merchandise imports 2.18 billion current US$ (2025)
- Food exports 5.9% (2025)
- Manufactures exports 58.7% (2025)
- Merchandise exports 800.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,004 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2235 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.1 % change on previous year (2025)
Frequently asked questions
- What is new business density in Bhutan?
- New business density in Bhutan was 0.0714 new registrations per 1,000 people ages 15-64 in 2022, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Bhutan?
- The highest recorded value was 0.1491 new registrations per 1,000 people ages 15-64 in 2012.
- What is the lowest new business density recorded in Bhutan?
- The lowest recorded value was 0.0232 new registrations per 1,000 people ages 15-64 in 2007.
- How does Bhutan rank for new business density?
- Bhutan ranks 172nd out of 177 countries with data for 2022.
- Is new business density rising or falling in Bhutan?
- Over the last ten years it is down 52.1%. The long-run trend across the full record is volatile.
- Where does this Bhutan 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.
Download this data
CSV · JSON — 17 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.