New business density in Ethiopia
Ethiopia: New business density was 0.6072 new registrations per 1,000 people ages 15-64 in 2024. ◆ Volatile
New business density in Ethiopia, 2011–2024
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 Ethiopia is 0.6072 new registrations per 1,000 people ages 15-64, measured in 2024.
That represents a change of down 1.7% on the previous year and up 184.3% over ten years.
Over the whole period, new business density in Ethiopia peaked at 0.6178 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 0.1562 new registrations per 1,000 people ages 15-64, in 2016.
That places Ethiopia 145th out of 177 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
New business density in Ethiopia, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2011 | 0.1845 new registrations per 1,000 people ages 15-64 | — |
| 2012 | 0.1749 new registrations per 1,000 people ages 15-64 | -5.2% |
| 2013 | 0.198 new registrations per 1,000 people ages 15-64 | +13.2% |
| 2014 | 0.2135 new registrations per 1,000 people ages 15-64 | +7.8% |
| 2015 | 0.2346 new registrations per 1,000 people ages 15-64 | +9.9% |
| 2016 | 0.1562 new registrations per 1,000 people ages 15-64 | -33.4% |
| 2017 | 0.1859 new registrations per 1,000 people ages 15-64 | +19.0% |
| 2018 | 0.1742 new registrations per 1,000 people ages 15-64 | -6.3% |
| 2019 | 0.2189 new registrations per 1,000 people ages 15-64 | +25.6% |
| 2020 | 0.2605 new registrations per 1,000 people ages 15-64 | +19.0% |
| 2021 | 0.283 new registrations per 1,000 people ages 15-64 | +8.6% |
| 2022 | 0.4789 new registrations per 1,000 people ages 15-64 | +69.2% |
| 2023 | 0.6178 new registrations per 1,000 people ages 15-64 | +29.0% |
| 2024 | 0.6072 new registrations per 1,000 people ages 15-64 | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.1934 new registrations per 1,000 people ages 15-64 | 0.1562 new registrations per 1,000 people ages 15-64 | 0.2346 new registrations per 1,000 people ages 15-64 | 9 |
| 2020s | 0.4495 new registrations per 1,000 people ages 15-64 | 0.2605 new registrations per 1,000 people ages 15-64 | 0.6178 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Ethiopia
- 142 Guinea 0.6853 new registrations per 1,000 people ages 15-64 compare
- 143 Djibouti 0.6756 new registrations per 1,000 people ages 15-64 compare
- 144 Jordan 0.669 new registrations per 1,000 people ages 15-64 compare
- 146 Japan 0.5756 new registrations per 1,000 people ages 15-64 compare
- 147 Argentina 0.5246 new registrations per 1,000 people ages 15-64 compare
- 148 Philippines 0.5071 new registrations per 1,000 people ages 15-64 compare
More private sector data for Ethiopia
- Merchandise trade 24.2% (2025)
- Food imports 13.8% (2023)
- Manufactures imports 69.2% (2023)
- Merchandise imports 23.01 billion current US$ (2025)
- Food exports 80.4% (2023)
- Manufactures exports 9.2% (2023)
- Merchandise exports 7.58 billion current US$ (2025)
- Merchandise exports (current US$), per capita 55.99 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.06 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 38.61 % change on previous year (2025)
Frequently asked questions
- What is new business density in Ethiopia?
- New business density in Ethiopia was 0.6072 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 Ethiopia?
- The highest recorded value was 0.6178 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in Ethiopia?
- The lowest recorded value was 0.1562 new registrations per 1,000 people ages 15-64 in 2016.
- How does Ethiopia rank for new business density?
- Ethiopia ranks 145th out of 177 countries with data for 2024.
- Is new business density rising or falling in Ethiopia?
- Over the last ten years it is up 184.3%. The long-run trend across the full record is volatile.
- Where does this Ethiopia 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.