New business density in Cape Verde
Cape Verde: New business density was 21.76 new registrations per 1,000 people ages 15-64 in 2024. ◆ Volatile
New business density in Cape Verde, 2008–2024
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 Cape Verde is 21.76 new registrations per 1,000 people ages 15-64, measured in 2024.
Compared with earlier readings it is up 20.8% on the previous year and up 575.0% over ten years.
Over the whole period, new business density in Cape Verde peaked at 27.01 new registrations per 1,000 people ages 15-64 in 2021 and was at its lowest, 1.54 new registrations per 1,000 people ages 15-64, in 2008.
That places Cape Verde 5th out of 177 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
New business density in Cape Verde, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2008 | 1.54 new registrations per 1,000 people ages 15-64 | — |
| 2009 | 2.57 new registrations per 1,000 people ages 15-64 | +67.0% |
| 2010 | 2.88 new registrations per 1,000 people ages 15-64 | +12.2% |
| 2011 | 3.62 new registrations per 1,000 people ages 15-64 | +25.7% |
| 2012 | 2.99 new registrations per 1,000 people ages 15-64 | -17.2% |
| 2013 | 3.11 new registrations per 1,000 people ages 15-64 | +4.0% |
| 2014 | 3.22 new registrations per 1,000 people ages 15-64 | +3.5% |
| 2015 | 4.05 new registrations per 1,000 people ages 15-64 | +25.7% |
| 2016 | 9.81 new registrations per 1,000 people ages 15-64 | +142.0% |
| 2017 | 13.22 new registrations per 1,000 people ages 15-64 | +34.8% |
| 2018 | 17.63 new registrations per 1,000 people ages 15-64 | +33.4% |
| 2019 | 18.01 new registrations per 1,000 people ages 15-64 | +2.1% |
| 2020 | 14.37 new registrations per 1,000 people ages 15-64 | -20.2% |
| 2021 | 27.01 new registrations per 1,000 people ages 15-64 | +87.9% |
| 2022 | 21.67 new registrations per 1,000 people ages 15-64 | -19.7% |
| 2023 | 18.01 new registrations per 1,000 people ages 15-64 | -16.9% |
| 2024 | 21.76 new registrations per 1,000 people ages 15-64 | +20.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.05 new registrations per 1,000 people ages 15-64 | 1.54 new registrations per 1,000 people ages 15-64 | 2.57 new registrations per 1,000 people ages 15-64 | 2 |
| 2010s | 7.85 new registrations per 1,000 people ages 15-64 | 2.88 new registrations per 1,000 people ages 15-64 | 18.01 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 20.56 new registrations per 1,000 people ages 15-64 | 14.37 new registrations per 1,000 people ages 15-64 | 27.01 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Cape Verde
- 2 Isle of Man 33.58 new registrations per 1,000 people ages 15-64 compare
- 3 Hong Kong, China 28.85 new registrations per 1,000 people ages 15-64 compare
- 4 Estonia 26.76 new registrations per 1,000 people ages 15-64 compare
- 6 United States Virgin Islands 19.96 new registrations per 1,000 people ages 15-64 compare
- 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
More private sector data for Cape Verde
- Merchandise trade 70.0% (2025)
- Food imports 32.6% (2024)
- Manufactures imports 50.8% (2024)
- Merchandise imports 2.04 billion current US$ (2025)
- Food exports 86.4% (2024)
- Manufactures exports 13.6% (2024)
- Merchandise exports 96.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 182.05 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0314 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 23.08 % change on previous year (2025)
Frequently asked questions
- What is new business density in Cape Verde?
- New business density in Cape Verde was 21.76 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 Cape Verde?
- The highest recorded value was 27.01 new registrations per 1,000 people ages 15-64 in 2021.
- What is the lowest new business density recorded in Cape Verde?
- The lowest recorded value was 1.54 new registrations per 1,000 people ages 15-64 in 2008.
- How does Cape Verde rank for new business density?
- Cape Verde ranks 5th out of 177 countries with data for 2024.
- Is new business density rising or falling in Cape Verde?
- Over the last ten years it is up 575.0%. The long-run trend across the full record is volatile.
- Where does this Cape Verde 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.