New business density in Grenada
Grenada: New business density was 2.74 new registrations per 1,000 people ages 15-64 in 2020. ▲ Rising
New business density in Grenada, 2006–2020
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2020, new business density in Grenada stood at 2.74 new registrations per 1,000 people ages 15-64.
That represents a change of down 15.9% on the previous year and up 37.9% over ten years.
Over the whole period, new business density in Grenada peaked at 3.49 new registrations per 1,000 people ages 15-64 in 2017 and was at its lowest, 1.63 new registrations per 1,000 people ages 15-64, in 2012.
That places Grenada 76th out of 176 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
New business density in Grenada, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 2.85 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 2.89 new registrations per 1,000 people ages 15-64 | +1.5% |
| 2008 | 2.57 new registrations per 1,000 people ages 15-64 | -11.3% |
| 2009 | 1.64 new registrations per 1,000 people ages 15-64 | -36.2% |
| 2010 | 1.99 new registrations per 1,000 people ages 15-64 | +21.3% |
| 2011 | 1.82 new registrations per 1,000 people ages 15-64 | -8.3% |
| 2012 | 1.63 new registrations per 1,000 people ages 15-64 | -10.4% |
| 2013 | 2.15 new registrations per 1,000 people ages 15-64 | +32.1% |
| 2014 | 2.28 new registrations per 1,000 people ages 15-64 | +5.8% |
| 2015 | 2.94 new registrations per 1,000 people ages 15-64 | +29.2% |
| 2016 | 2.92 new registrations per 1,000 people ages 15-64 | -0.6% |
| 2017 | 3.49 new registrations per 1,000 people ages 15-64 | +19.2% |
| 2018 | 3.14 new registrations per 1,000 people ages 15-64 | -9.9% |
| 2019 | 3.26 new registrations per 1,000 people ages 15-64 | +3.7% |
| 2020 | 2.74 new registrations per 1,000 people ages 15-64 | -15.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.49 new registrations per 1,000 people ages 15-64 | 1.64 new registrations per 1,000 people ages 15-64 | 2.89 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 2.56 new registrations per 1,000 people ages 15-64 | 1.63 new registrations per 1,000 people ages 15-64 | 3.49 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 2.74 new registrations per 1,000 people ages 15-64 | 2.74 new registrations per 1,000 people ages 15-64 | 2.74 new registrations per 1,000 people ages 15-64 | 1 |
Countries ranked near Grenada
- 73 Uzbekistan 2.79 new registrations per 1,000 people ages 15-64 compare
- 74 Suriname 2.77 new registrations per 1,000 people ages 15-64 compare
- 75 Zimbabwe 2.77 new registrations per 1,000 people ages 15-64 compare
- 77 Rwanda 2.72 new registrations per 1,000 people ages 15-64 compare
- 78 Fiji 2.7 new registrations per 1,000 people ages 15-64 compare
- 79 Morocco 2.66 new registrations per 1,000 people ages 15-64 compare
More private sector data for Grenada
- Merchandise trade 48.4% (2025)
- Food imports 24.2% (2024)
- Manufactures imports 56.2% (2024)
- Merchandise imports 653.00 million current US$ (2025)
- Food exports 69.1% (2024)
- Manufactures exports 28.6% (2024)
- Merchandise exports 35.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 298.37 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0246 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -18.6 % change on previous year (2025)
Frequently asked questions
- What is new business density in Grenada?
- New business density in Grenada was 2.74 new registrations per 1,000 people ages 15-64 in 2020, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Grenada?
- The highest recorded value was 3.49 new registrations per 1,000 people ages 15-64 in 2017.
- What is the lowest new business density recorded in Grenada?
- The lowest recorded value was 1.63 new registrations per 1,000 people ages 15-64 in 2012.
- How does Grenada rank for new business density?
- Grenada ranks 76th out of 176 countries with data for 2020.
- Is new business density rising or falling in Grenada?
- Over the last ten years it is up 37.9%. The long-run trend across the full record is rising.
- Where does this Grenada 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.