New business density in Cayman Islands
Cayman Islands: New business density was 201 new registrations per 1,000 people ages 15-64 in 2024. ▼ Falling
Latest (2024)
201 new registrations per 1,000 people ages 15-64
Change on year
up 15.2%
World rank
1st
of 177 countries
All-time high
377.04 new registrations per 1,000 people ages 15-64
in 2007
All-time low
174.54 new registrations per 1,000 people ages 15-64
in 2023
Years of data
19
2006–2024
New business density in Cayman Islands, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Cayman Islands stood at 201 new registrations per 1,000 people ages 15-64.
The figure is up 15.2% on the previous year and down 16.3% over ten years.
Over the whole period, new business density in Cayman Islands peaked at 377.04 new registrations per 1,000 people ages 15-64 in 2007 and was at its lowest, 174.54 new registrations per 1,000 people ages 15-64, in 2023.
Cayman Islands ranks 1st of 177 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 19 years of available data.
New business density in Cayman Islands, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 336.04 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 377.04 new registrations per 1,000 people ages 15-64 | +12.2% |
| 2008 | 304.23 new registrations per 1,000 people ages 15-64 | -19.3% |
| 2009 | 195.54 new registrations per 1,000 people ages 15-64 | -35.7% |
| 2010 | 197.17 new registrations per 1,000 people ages 15-64 | +0.8% |
| 2011 | 213.36 new registrations per 1,000 people ages 15-64 | +8.2% |
| 2012 | 205.78 new registrations per 1,000 people ages 15-64 | -3.6% |
| 2013 | 210.94 new registrations per 1,000 people ages 15-64 | +2.5% |
| 2014 | 240.09 new registrations per 1,000 people ages 15-64 | +13.8% |
| 2015 | 252.57 new registrations per 1,000 people ages 15-64 | +5.2% |
| 2016 | 232.47 new registrations per 1,000 people ages 15-64 | -8.0% |
| 2017 | 265.46 new registrations per 1,000 people ages 15-64 | +14.2% |
| 2018 | 325.32 new registrations per 1,000 people ages 15-64 | +22.5% |
| 2019 | 250.26 new registrations per 1,000 people ages 15-64 | -23.1% |
| 2020 | 224.49 new registrations per 1,000 people ages 15-64 | -10.3% |
| 2021 | 314.78 new registrations per 1,000 people ages 15-64 | +40.2% |
| 2022 | 218.22 new registrations per 1,000 people ages 15-64 | -30.7% |
| 2023 | 174.54 new registrations per 1,000 people ages 15-64 | -20.0% |
| 2024 | 201 new registrations per 1,000 people ages 15-64 | +15.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 303.21 new registrations per 1,000 people ages 15-64 | 195.54 new registrations per 1,000 people ages 15-64 | 377.04 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 239.34 new registrations per 1,000 people ages 15-64 | 197.17 new registrations per 1,000 people ages 15-64 | 325.32 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 226.61 new registrations per 1,000 people ages 15-64 | 174.54 new registrations per 1,000 people ages 15-64 | 314.78 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Cayman Islands
- 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
More private sector data for Cayman Islands
- Merchandise trade 26.4% (2024)
- Food imports 21.3% (2024)
- Manufactures imports 58.8% (2024)
- Merchandise imports 2.11 billion current US$ (2025)
- Food exports 3.8% (2024)
- Manufactures exports 26.0% (2024)
- Merchandise exports 25.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 329.62 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0088 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate -63.24 % change on previous year (2025)
Frequently asked questions
- What is new business density in Cayman Islands?
- New business density in Cayman Islands was 201 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 Cayman Islands?
- The highest recorded value was 377.04 new registrations per 1,000 people ages 15-64 in 2007.
- What is the lowest new business density recorded in Cayman Islands?
- The lowest recorded value was 174.54 new registrations per 1,000 people ages 15-64 in 2023.
- How does Cayman Islands rank for new business density?
- Cayman Islands ranks 1st out of 177 countries with data for 2024.
- Is new business density rising or falling in Cayman Islands?
- Over the last ten years it is down 16.3%. The long-run trend across the full record is falling.
- Where does this Cayman Islands 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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CSV · JSON — 19 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.