New business density in Caribbean Small States
Caribbean Small States: New business density was 3.37 new registrations per 1,000 people ages 15-64 in 2020. ▲ Rising
New business density in Caribbean Small States, 2006–2020
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 Caribbean Small States is 3.37 new registrations per 1,000 people ages 15-64, measured in 2020.
Compared with earlier readings it is down 4.4% on the previous year and up 39.2% over ten years.
Over the whole period, new business density in Caribbean Small States peaked at 3.53 new registrations per 1,000 people ages 15-64 in 2019 and was at its lowest, 2.16 new registrations per 1,000 people ages 15-64, in 2009.
Caribbean Small States ranks 22nd of 45 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
New business density in Caribbean Small States, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 2.54 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 2.73 new registrations per 1,000 people ages 15-64 | +7.7% |
| 2008 | 2.66 new registrations per 1,000 people ages 15-64 | -2.7% |
| 2009 | 2.16 new registrations per 1,000 people ages 15-64 | -18.8% |
| 2010 | 2.42 new registrations per 1,000 people ages 15-64 | +12.3% |
| 2011 | 2.8 new registrations per 1,000 people ages 15-64 | +15.4% |
| 2012 | 2.63 new registrations per 1,000 people ages 15-64 | -6.0% |
| 2013 | 2.92 new registrations per 1,000 people ages 15-64 | +11.1% |
| 2014 | 2.99 new registrations per 1,000 people ages 15-64 | +2.2% |
| 2015 | 3.34 new registrations per 1,000 people ages 15-64 | +11.9% |
| 2016 | 3.29 new registrations per 1,000 people ages 15-64 | -1.6% |
| 2017 | 3.26 new registrations per 1,000 people ages 15-64 | -0.7% |
| 2018 | 3.47 new registrations per 1,000 people ages 15-64 | +6.3% |
| 2019 | 3.53 new registrations per 1,000 people ages 15-64 | +1.7% |
| 2020 | 3.37 new registrations per 1,000 people ages 15-64 | -4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.52 new registrations per 1,000 people ages 15-64 | 2.16 new registrations per 1,000 people ages 15-64 | 2.73 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 3.07 new registrations per 1,000 people ages 15-64 | 2.42 new registrations per 1,000 people ages 15-64 | 3.53 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 3.37 new registrations per 1,000 people ages 15-64 | 3.37 new registrations per 1,000 people ages 15-64 | 3.37 new registrations per 1,000 people ages 15-64 | 1 |
Countries ranked near Caribbean Small States
- 19 Belize 13.01 new registrations per 1,000 people ages 15-64 compare
- 20 Singapore 11.59 new registrations per 1,000 people ages 15-64 compare
- 21 South Africa 11.46 new registrations per 1,000 people ages 15-64 compare
- 22 Portugal 11 new registrations per 1,000 people ages 15-64 compare
- 23 Iceland 10.86 new registrations per 1,000 people ages 15-64 compare
- 24 Bulgaria 10.46 new registrations per 1,000 people ages 15-64 compare
- 25 Chile 9.09 new registrations per 1,000 people ages 15-64 compare
More private sector data for Caribbean Small States
- Merchandise trade 70.0% (2025)
- Food imports 17.2% (2024)
- Manufactures imports 63.2% (2024)
- Merchandise imports 31.17 billion current US$ (2025)
- Food exports 13.7% (2024)
- Manufactures exports 45.4% (2024)
- Merchandise exports 30.03 billion current US$ (2025)
- Merchandise exports (current US$), per capita 6,590 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3156 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -3.4 % change on previous year (2025)
Frequently asked questions
- What is new business density in Caribbean Small States?
- New business density in Caribbean Small States was 3.37 new registrations per 1,000 people ages 15-64 in 2020, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Caribbean Small States?
- The highest recorded value was 3.53 new registrations per 1,000 people ages 15-64 in 2019.
- What is the lowest new business density recorded in Caribbean Small States?
- The lowest recorded value was 2.16 new registrations per 1,000 people ages 15-64 in 2009.
- How does Caribbean Small States rank for new business density?
- Caribbean Small States ranks 22nd out of 45 groups with data for 2020.
- Is new business density rising or falling in Caribbean Small States?
- Over the last ten years it is up 39.2%. The long-run trend across the full record is rising.
- Where does this Caribbean Small States 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.