New business density (new registrations per 1,000 people ages 15-64) in Canada
Canada: New business density (new registrations per 1,000 people ages 15-64) was 5.17 new registrations per 1,000 people ages 15-64 in 2022. ▲ Rising
Latest (2022)
5.17 new registrations per 1,000 people ages 15-64
Change on year
down 3.1%
World rank
51st
of 177 countries
All-time high
5.33 new registrations per 1,000 people ages 15-64
in 2021
All-time low
0.2042 new registrations per 1,000 people ages 15-64
in 2017
Years of data
6
2017–2022
New business density in Canada, 2017–2022
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Canada recorded 5.17 new registrations per 1,000 people ages 15-64 for new business density in 2022.
The figure is down 3.1% on the previous year and up 2,430.5% over ten years.
That places Canada 51st out of 177 countries with data for 2022, putting it in the middle of the range.
New business density (new registrations per 1,000 people ages 15-64) in Canada, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2017 | 0.2042 new registrations per 1,000 people ages 15-64 | — |
| 2018 | 3.51 new registrations per 1,000 people ages 15-64 | +1618.5% |
| 2019 | 3.67 new registrations per 1,000 people ages 15-64 | +4.5% |
| 2020 | 4.31 new registrations per 1,000 people ages 15-64 | +17.6% |
| 2021 | 5.33 new registrations per 1,000 people ages 15-64 | +23.6% |
| 2022 | 5.17 new registrations per 1,000 people ages 15-64 | -3.1% |
Canada compared with similar countries
- Canada's 5.17 new registrations per 1,000 people ages 15-64 is below the median for high income countries, which is 5.68 new registrations per 1,000 people ages 15-64, 91% of the median. (63 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.46 new registrations per 1,000 people ages 15-64 | 0.2042 new registrations per 1,000 people ages 15-64 | 3.67 new registrations per 1,000 people ages 15-64 | 3 |
| 2020s | 4.94 new registrations per 1,000 people ages 15-64 | 4.31 new registrations per 1,000 people ages 15-64 | 5.33 new registrations per 1,000 people ages 15-64 | 3 |
Countries ranked near Canada
- 48 Puerto Rico 5.33 new registrations per 1,000 people ages 15-64
- 49 Belgium 5.31 new registrations per 1,000 people ages 15-64 compare
- 50 North Macedonia 5.18 new registrations per 1,000 people ages 15-64 compare
- 52 Peru 4.9 new registrations per 1,000 people ages 15-64 compare
- 53 Moldova 4.89 new registrations per 1,000 people ages 15-64 compare
- 54 Maldives 4.85 new registrations per 1,000 people ages 15-64 compare
More private sector data for Canada
- Merchandise trade 48.8% (2025)
- Food imports 9.5% (2025)
- Manufactures imports 74.9% (2025)
- Merchandise imports 577.44 billion current US$ (2025)
- Commercial service imports 168.75 billion current US$ (2025)
- Food exports 13.6% (2025)
- Manufactures exports 40.3% (2025)
- Merchandise exports 554.68 billion current US$ (2025)
- Commercial service exports 170.93 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,317 current US$ per person (2025)
Frequently asked questions
- What is new business density in Canada?
- New business density in Canada was 5.17 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 Canada?
- The highest recorded value was 5.33 new registrations per 1,000 people ages 15-64 in 2021.
- What is the lowest new business density recorded in Canada?
- The lowest recorded value was 0.2042 new registrations per 1,000 people ages 15-64 in 2017.
- How does Canada rank for new business density?
- Canada ranks 51st out of 177 countries with data for 2022.
- Is new business density rising or falling in Canada?
- Over the last ten years it is up 2,430.5%. The long-run trend across the full record is rising.
- Where does this Canada 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.