New business density in Gambia
Gambia: New business density was 1.4 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
New business density in Gambia, 2014–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Gambia stood at 1.4 new registrations per 1,000 people ages 15-64.
The figure is down 12.9% on the previous year and up 4.5% over ten years.
Over the whole period, new business density in Gambia peaked at 2.67 new registrations per 1,000 people ages 15-64 in 2020 and was at its lowest, 0.8459 new registrations per 1,000 people ages 15-64, in 2015.
That places Gambia 116th 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 11 years of available data.
New business density in Gambia, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2014 | 1.34 new registrations per 1,000 people ages 15-64 | — |
| 2015 | 0.8459 new registrations per 1,000 people ages 15-64 | -37.0% |
| 2016 | 0.8935 new registrations per 1,000 people ages 15-64 | +5.6% |
| 2017 | 1.52 new registrations per 1,000 people ages 15-64 | +70.4% |
| 2018 | 1.89 new registrations per 1,000 people ages 15-64 | +24.4% |
| 2019 | 1.4 new registrations per 1,000 people ages 15-64 | -26.3% |
| 2020 | 2.67 new registrations per 1,000 people ages 15-64 | +91.1% |
| 2021 | 2.37 new registrations per 1,000 people ages 15-64 | -11.2% |
| 2022 | 1.97 new registrations per 1,000 people ages 15-64 | -16.8% |
| 2023 | 1.61 new registrations per 1,000 people ages 15-64 | -18.1% |
| 2024 | 1.4 new registrations per 1,000 people ages 15-64 | -12.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.32 new registrations per 1,000 people ages 15-64 | 0.8459 new registrations per 1,000 people ages 15-64 | 1.89 new registrations per 1,000 people ages 15-64 | 6 |
| 2020s | 2 new registrations per 1,000 people ages 15-64 | 1.4 new registrations per 1,000 people ages 15-64 | 2.67 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Gambia
- 113 Lesotho 1.47 new registrations per 1,000 people ages 15-64 compare
- 114 Dominican Republic 1.45 new registrations per 1,000 people ages 15-64 compare
- 115 Germany 1.44 new registrations per 1,000 people ages 15-64 compare
- 117 Nepal 1.4 new registrations per 1,000 people ages 15-64 compare
- 118 Ghana 1.37 new registrations per 1,000 people ages 15-64 compare
- 119 Belarus 1.27 new registrations per 1,000 people ages 15-64 compare
More private sector data for Gambia
- Merchandise trade 54.3% (2025)
- Food imports 22.0% (2024)
- Manufactures imports 44.7% (2024)
- Merchandise imports 894.00 million current US$ (2025)
- Food exports 90.7% (2024)
- Manufactures exports 1.0% (2024)
- Merchandise exports 514.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 182.13 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1982 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 41.6 % change on previous year (2025)
Frequently asked questions
- What is new business density in Gambia?
- New business density in Gambia was 1.4 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 Gambia?
- The highest recorded value was 2.67 new registrations per 1,000 people ages 15-64 in 2020.
- What is the lowest new business density recorded in Gambia?
- The lowest recorded value was 0.8459 new registrations per 1,000 people ages 15-64 in 2015.
- How does Gambia rank for new business density?
- Gambia ranks 116th out of 177 countries with data for 2024.
- Is new business density rising or falling in Gambia?
- Over the last ten years it is up 4.5%. The long-run trend across the full record is rising.
- Where does this Gambia 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.