New business density in Ecuador
Ecuador: New business density was 1.59 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
1.59 new registrations per 1,000 people ages 15-64
Change on year
down 4.5%
World rank
106th
of 176 countries
All-time high
1.66 new registrations per 1,000 people ages 15-64
in 2023
All-time low
0.4203 new registrations per 1,000 people ages 15-64
in 2006
Years of data
19
2006–2024
New business density in Ecuador, 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 Ecuador stood at 1.59 new registrations per 1,000 people ages 15-64.
Compared with earlier readings it is down 4.5% on the previous year and up 110.7% over ten years.
Over the whole period, new business density in Ecuador peaked at 1.66 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 0.4203 new registrations per 1,000 people ages 15-64, in 2006.
That places Ecuador 106th out of 176 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Ecuador, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.4203 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.4263 new registrations per 1,000 people ages 15-64 | +1.4% |
| 2008 | 0.4893 new registrations per 1,000 people ages 15-64 | +14.8% |
| 2009 | 0.4719 new registrations per 1,000 people ages 15-64 | -3.6% |
| 2010 | 0.5776 new registrations per 1,000 people ages 15-64 | +22.4% |
| 2011 | 0.6368 new registrations per 1,000 people ages 15-64 | +10.2% |
| 2012 | 0.6765 new registrations per 1,000 people ages 15-64 | +6.2% |
| 2013 | 0.7297 new registrations per 1,000 people ages 15-64 | +7.9% |
| 2014 | 0.7525 new registrations per 1,000 people ages 15-64 | +3.1% |
| 2015 | 0.7073 new registrations per 1,000 people ages 15-64 | -6.0% |
| 2016 | 0.6159 new registrations per 1,000 people ages 15-64 | -12.9% |
| 2017 | 0.6939 new registrations per 1,000 people ages 15-64 | +12.7% |
| 2018 | 0.746 new registrations per 1,000 people ages 15-64 | +7.5% |
| 2019 | 0.8273 new registrations per 1,000 people ages 15-64 | +10.9% |
| 2020 | 0.8892 new registrations per 1,000 people ages 15-64 | +7.5% |
| 2021 | 1.33 new registrations per 1,000 people ages 15-64 | +49.4% |
| 2022 | 1.57 new registrations per 1,000 people ages 15-64 | +18.3% |
| 2023 | 1.66 new registrations per 1,000 people ages 15-64 | +5.6% |
| 2024 | 1.59 new registrations per 1,000 people ages 15-64 | -4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.452 new registrations per 1,000 people ages 15-64 | 0.4203 new registrations per 1,000 people ages 15-64 | 0.4893 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 0.6963 new registrations per 1,000 people ages 15-64 | 0.5776 new registrations per 1,000 people ages 15-64 | 0.8273 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 1.41 new registrations per 1,000 people ages 15-64 | 0.8892 new registrations per 1,000 people ages 15-64 | 1.66 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Ecuador
- 103 Kenya 1.73 new registrations per 1,000 people ages 15-64 compare
- 104 Ukraine 1.65 new registrations per 1,000 people ages 15-64 compare
- 105 Bosnia and Herzegovina 1.64 new registrations per 1,000 people ages 15-64 compare
- 107 Vanuatu 1.58 new registrations per 1,000 people ages 15-64 compare
- 108 Gabon 1.57 new registrations per 1,000 people ages 15-64 compare
- 109 Laos 1.57 new registrations per 1,000 people ages 15-64 compare
More private sector data for Ecuador
- Merchandise trade 53.6% (2025)
- Food imports 12.2% (2024)
- Manufactures imports 59.2% (2024)
- Merchandise imports 32.65 billion current US$ (2025)
- Food exports 53.7% (2024)
- Manufactures exports 4.9% (2024)
- Merchandise exports 37.15 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,031 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2851 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.93 % change on previous year (2025)
Frequently asked questions
- What is new business density in Ecuador?
- New business density in Ecuador was 1.59 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 Ecuador?
- The highest recorded value was 1.66 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in Ecuador?
- The lowest recorded value was 0.4203 new registrations per 1,000 people ages 15-64 in 2006.
- How does Ecuador rank for new business density?
- Ecuador ranks 106th out of 176 countries with data for 2024.
- Is new business density rising or falling in Ecuador?
- Over the last ten years it is up 110.7%. The long-run trend across the full record is rising.
- Where does this Ecuador 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.