New business density (new registrations per 1,000 people ages 15-64) in Colombia
Colombia: New business density (new registrations per 1,000 people ages 15-64) was 2.22 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
New business density in Colombia, 2013–2024
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 Colombia is 2.22 new registrations per 1,000 people ages 15-64, measured in 2024.
The figure is up 4.4% on the previous year and up 1.9% over ten years.
Over the whole period, new business density in Colombia peaked at 2.26 new registrations per 1,000 people ages 15-64 in 2022 and was at its lowest, 1.88 new registrations per 1,000 people ages 15-64, in 2015.
That places Colombia 90th out of 177 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
New business density (new registrations per 1,000 people ages 15-64) in Colombia, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2013 | 1.94 new registrations per 1,000 people ages 15-64 | — |
| 2014 | 2.18 new registrations per 1,000 people ages 15-64 | +12.4% |
| 2015 | 1.88 new registrations per 1,000 people ages 15-64 | -13.7% |
| 2016 | 2.09 new registrations per 1,000 people ages 15-64 | +10.9% |
| 2017 | 2 new registrations per 1,000 people ages 15-64 | -4.2% |
| 2018 | 1.99 new registrations per 1,000 people ages 15-64 | -0.6% |
| 2019 | 2.12 new registrations per 1,000 people ages 15-64 | +6.7% |
| 2020 | 1.94 new registrations per 1,000 people ages 15-64 | -8.6% |
| 2021 | 2.19 new registrations per 1,000 people ages 15-64 | +13.0% |
| 2022 | 2.26 new registrations per 1,000 people ages 15-64 | +3.2% |
| 2023 | 2.13 new registrations per 1,000 people ages 15-64 | -5.7% |
| 2024 | 2.22 new registrations per 1,000 people ages 15-64 | +4.4% |
Colombia compared with similar countries
- Colombia's 2.22 new registrations per 1,000 people ages 15-64 is above the median for upper middle income countries, which is 2.17 new registrations per 1,000 people ages 15-64, 1.0× the median. (52 countries reporting)
- Colombia's 2.22 new registrations per 1,000 people ages 15-64 is below the median for Latin America & Caribbean, which is 3.07 new registrations per 1,000 people ages 15-64, 72% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.03 new registrations per 1,000 people ages 15-64 | 1.88 new registrations per 1,000 people ages 15-64 | 2.18 new registrations per 1,000 people ages 15-64 | 7 |
| 2020s | 2.15 new registrations per 1,000 people ages 15-64 | 1.94 new registrations per 1,000 people ages 15-64 | 2.26 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Colombia
- 87 East Timor 2.34 new registrations per 1,000 people ages 15-64 compare
- 88 Albania 2.29 new registrations per 1,000 people ages 15-64 compare
- 89 Russia 2.28 new registrations per 1,000 people ages 15-64 compare
- 91 Sao Tome and Principe 2.19 new registrations per 1,000 people ages 15-64 compare
- 92 Kyrgyzstan 2.15 new registrations per 1,000 people ages 15-64 compare
- 93 Kuwait 2.14 new registrations per 1,000 people ages 15-64 compare
More private sector data for Colombia
- Merchandise trade 26.4% (2025)
- Food imports 13.9% (2025)
- Manufactures imports 73.6% (2025)
- Merchandise imports 70.50 billion current US$ (2025)
- Commercial service imports 19.87 billion current US$ (2025)
- Food exports 25.4% (2025)
- Manufactures exports 22.1% (2025)
- Merchandise exports 50.09 billion current US$ (2025)
- Commercial service exports 19.74 billion current US$ (2025)
- Merchandise exports (current US$), per capita 937.49 current US$ per person (2025)
Frequently asked questions
- What is new business density in Colombia?
- New business density in Colombia was 2.22 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 Colombia?
- The highest recorded value was 2.26 new registrations per 1,000 people ages 15-64 in 2022.
- What is the lowest new business density recorded in Colombia?
- The lowest recorded value was 1.88 new registrations per 1,000 people ages 15-64 in 2015.
- How does Colombia rank for new business density?
- Colombia ranks 90th out of 177 countries with data for 2024.
- Is new business density rising or falling in Colombia?
- Over the last ten years it is up 1.9%. The long-run trend across the full record is rising.
- Where does this Colombia 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.