New business density in East Asia & Pacific (excluding high income)
East Asia & Pacific (excluding high income): New business density was 11.18 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
11.18 new registrations per 1,000 people ages 15-64
Change on year
down 21.8%
Rank
3rd
of 45 groups
All-time high
14.31 new registrations per 1,000 people ages 15-64
in 2023
All-time low
3.03 new registrations per 1,000 people ages 15-64
in 2008
Years of data
17
2008–2024
New business density in East Asia & Pacific (excluding high income), 2008–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in East Asia & Pacific (excluding high income) stood at 11.18 new registrations per 1,000 people ages 15-64.
Compared with earlier readings it is down 21.8% on the previous year and up 38.9% over ten years.
Over the whole period, new business density in East Asia & Pacific (excluding high income) peaked at 14.31 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 3.03 new registrations per 1,000 people ages 15-64, in 2008.
East Asia & Pacific (excluding high income) ranks 3rd of 45 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
New business density in East Asia & Pacific (excluding high income), year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2008 | 3.03 new registrations per 1,000 people ages 15-64 | — |
| 2009 | 3.87 new registrations per 1,000 people ages 15-64 | +27.5% |
| 2010 | 4.52 new registrations per 1,000 people ages 15-64 | +16.8% |
| 2011 | 4.72 new registrations per 1,000 people ages 15-64 | +4.6% |
| 2012 | 4.74 new registrations per 1,000 people ages 15-64 | +0.3% |
| 2013 | 5.3 new registrations per 1,000 people ages 15-64 | +11.9% |
| 2014 | 8.05 new registrations per 1,000 people ages 15-64 | +51.9% |
| 2015 | 9.19 new registrations per 1,000 people ages 15-64 | +14.1% |
| 2016 | 10.46 new registrations per 1,000 people ages 15-64 | +13.8% |
| 2017 | 9.88 new registrations per 1,000 people ages 15-64 | -5.6% |
| 2018 | 9.92 new registrations per 1,000 people ages 15-64 | +0.4% |
| 2019 | 9.54 new registrations per 1,000 people ages 15-64 | -3.9% |
| 2020 | 10.22 new registrations per 1,000 people ages 15-64 | +7.1% |
| 2021 | 13.55 new registrations per 1,000 people ages 15-64 | +32.6% |
| 2022 | 11.3 new registrations per 1,000 people ages 15-64 | -16.6% |
| 2023 | 14.31 new registrations per 1,000 people ages 15-64 | +26.7% |
| 2024 | 11.18 new registrations per 1,000 people ages 15-64 | -21.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.45 new registrations per 1,000 people ages 15-64 | 3.03 new registrations per 1,000 people ages 15-64 | 3.87 new registrations per 1,000 people ages 15-64 | 2 |
| 2010s | 7.63 new registrations per 1,000 people ages 15-64 | 4.52 new registrations per 1,000 people ages 15-64 | 10.46 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 12.11 new registrations per 1,000 people ages 15-64 | 10.22 new registrations per 1,000 people ages 15-64 | 14.31 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near East Asia & Pacific (excluding high income)
- 1 Cayman Islands 201 new registrations per 1,000 people ages 15-64 compare
- 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
- 5 Cape Verde 21.76 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
More private sector data for East Asia & Pacific (excluding high income)
- Merchandise trade 41.4% (2025)
- Food imports 8.5% (2024)
- Manufactures imports 53.6% (2024)
- Merchandise imports 4.19 trillion current US$ (2025)
- Food exports 5.1% (2024)
- Manufactures exports 85.4% (2024)
- Merchandise exports 5.42 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,528 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2332 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.69 % change on previous year (2025)
Frequently asked questions
- What is new business density in East Asia & Pacific (excluding high income)?
- New business density in East Asia & Pacific (excluding high income) was 11.18 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 East Asia & Pacific (excluding high income)?
- The highest recorded value was 14.31 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in East Asia & Pacific (excluding high income)?
- The lowest recorded value was 3.03 new registrations per 1,000 people ages 15-64 in 2008.
- How does East Asia & Pacific (excluding high income) rank for new business density?
- East Asia & Pacific (excluding high income) ranks 3rd out of 45 groups with data for 2024.
- Is new business density rising or falling in East Asia & Pacific (excluding high income)?
- Over the last ten years it is up 38.9%. The long-run trend across the full record is rising.
- Where does this East Asia & Pacific (excluding high income) 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.