New business density in East Asia & Pacific
East Asia & Pacific: New business density was 10.73 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
10.73 new registrations per 1,000 people ages 15-64
Change on year
down 19.6%
Rank
4th
of 45 groups
All-time high
13.34 new registrations per 1,000 people ages 15-64
in 2023
All-time low
2.99 new registrations per 1,000 people ages 15-64
in 2008
Years of data
17
2008–2024
New business density in East Asia & Pacific, 2008–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
East Asia & Pacific recorded 10.73 new registrations per 1,000 people ages 15-64 for new business density in 2024.
The figure is down 19.6% on the previous year and up 40.4% over ten years.
Over the whole period, new business density in East Asia & Pacific peaked at 13.34 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 2.99 new registrations per 1,000 people ages 15-64, in 2008.
That places East Asia & Pacific 4th out of 45 groups with data for 2024, putting it 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, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2008 | 2.99 new registrations per 1,000 people ages 15-64 | — |
| 2009 | 3.74 new registrations per 1,000 people ages 15-64 | +25.3% |
| 2010 | 4.35 new registrations per 1,000 people ages 15-64 | +16.4% |
| 2011 | 4.56 new registrations per 1,000 people ages 15-64 | +4.8% |
| 2012 | 4.6 new registrations per 1,000 people ages 15-64 | +0.8% |
| 2013 | 5.14 new registrations per 1,000 people ages 15-64 | +11.8% |
| 2014 | 7.64 new registrations per 1,000 people ages 15-64 | +48.6% |
| 2015 | 8.67 new registrations per 1,000 people ages 15-64 | +13.5% |
| 2016 | 9.83 new registrations per 1,000 people ages 15-64 | +13.3% |
| 2017 | 9.32 new registrations per 1,000 people ages 15-64 | -5.1% |
| 2018 | 9.36 new registrations per 1,000 people ages 15-64 | +0.4% |
| 2019 | 8.98 new registrations per 1,000 people ages 15-64 | -4.0% |
| 2020 | 9.6 new registrations per 1,000 people ages 15-64 | +6.9% |
| 2021 | 12.66 new registrations per 1,000 people ages 15-64 | +31.9% |
| 2022 | 10.61 new registrations per 1,000 people ages 15-64 | -16.2% |
| 2023 | 13.34 new registrations per 1,000 people ages 15-64 | +25.8% |
| 2024 | 10.73 new registrations per 1,000 people ages 15-64 | -19.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.36 new registrations per 1,000 people ages 15-64 | 2.99 new registrations per 1,000 people ages 15-64 | 3.74 new registrations per 1,000 people ages 15-64 | 2 |
| 2010s | 7.24 new registrations per 1,000 people ages 15-64 | 4.35 new registrations per 1,000 people ages 15-64 | 9.83 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 11.39 new registrations per 1,000 people ages 15-64 | 9.6 new registrations per 1,000 people ages 15-64 | 13.34 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near East Asia & Pacific
- 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
- 7 Luxembourg 19.61 new registrations per 1,000 people ages 15-64 compare
More private sector data for East Asia & Pacific
- Merchandise trade 50.6% (2025)
- Food imports 7.4% (2024)
- Manufactures imports 60.7% (2024)
- Merchandise imports 7.80 trillion current US$ (2025)
- Food exports 4.4% (2024)
- Manufactures exports 81.4% (2024)
- Merchandise exports 9.23 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 3,860 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2742 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 9.24 % change on previous year (2025)
Frequently asked questions
- What is new business density in East Asia & Pacific?
- New business density in East Asia & Pacific was 10.73 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?
- The highest recorded value was 13.34 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in East Asia & Pacific?
- The lowest recorded value was 2.99 new registrations per 1,000 people ages 15-64 in 2008.
- How does East Asia & Pacific rank for new business density?
- East Asia & Pacific ranks 4th out of 45 groups with data for 2024.
- Is new business density rising or falling in East Asia & Pacific?
- Over the last ten years it is up 40.4%. The long-run trend across the full record is rising.
- Where does this East Asia & Pacific 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.