New business density in Guinea-Bissau
Guinea-Bissau: New business density was 0.4682 new registrations per 1,000 people ages 15-64 in 2024. ▼ Falling
New business density in Guinea-Bissau, 2012–2024
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 Guinea-Bissau is 0.4682 new registrations per 1,000 people ages 15-64, measured in 2024.
The figure is up 10.8% on the previous year and up 1.2% over ten years.
Over the whole period, new business density in Guinea-Bissau peaked at 0.6649 new registrations per 1,000 people ages 15-64 in 2017 and was at its lowest, 0.2936 new registrations per 1,000 people ages 15-64, in 2019.
Guinea-Bissau ranks 151st of 177 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 13 years of available data.
New business density in Guinea-Bissau, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2012 | 0.3844 new registrations per 1,000 people ages 15-64 | — |
| 2013 | 0.4465 new registrations per 1,000 people ages 15-64 | +16.2% |
| 2014 | 0.4628 new registrations per 1,000 people ages 15-64 | +3.6% |
| 2015 | 0.5726 new registrations per 1,000 people ages 15-64 | +23.7% |
| 2016 | 0.6323 new registrations per 1,000 people ages 15-64 | +10.4% |
| 2017 | 0.6649 new registrations per 1,000 people ages 15-64 | +5.2% |
| 2018 | 0.4152 new registrations per 1,000 people ages 15-64 | -37.6% |
| 2019 | 0.2936 new registrations per 1,000 people ages 15-64 | -29.3% |
| 2020 | 0.3564 new registrations per 1,000 people ages 15-64 | +21.4% |
| 2021 | 0.5438 new registrations per 1,000 people ages 15-64 | +52.6% |
| 2022 | 0.44 new registrations per 1,000 people ages 15-64 | -19.1% |
| 2023 | 0.4224 new registrations per 1,000 people ages 15-64 | -4.0% |
| 2024 | 0.4682 new registrations per 1,000 people ages 15-64 | +10.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.484 new registrations per 1,000 people ages 15-64 | 0.2936 new registrations per 1,000 people ages 15-64 | 0.6649 new registrations per 1,000 people ages 15-64 | 8 |
| 2020s | 0.4462 new registrations per 1,000 people ages 15-64 | 0.3564 new registrations per 1,000 people ages 15-64 | 0.5438 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Guinea-Bissau
- 148 Philippines 0.5071 new registrations per 1,000 people ages 15-64 compare
- 149 Bolivia, Plurinational State of 0.4714 new registrations per 1,000 people ages 15-64 compare
- 150 Brunei Darussalam 0.4692 new registrations per 1,000 people ages 15-64 compare
- 152 Cambodia 0.4548 new registrations per 1,000 people ages 15-64 compare
- 153 Congo 0.4011 new registrations per 1,000 people ages 15-64 compare
- 154 Myanmar 0.3939 new registrations per 1,000 people ages 15-64 compare
More private sector data for Guinea-Bissau
- Merchandise trade 31.7% (2025)
- Food imports 41.7% (2018)
- Manufactures imports 38.6% (2018)
- Merchandise imports 489.00 million current US$ (2025)
- Food exports 68.5% (2018)
- Manufactures exports 0.0% (2015)
- Merchandise exports 313.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 139.14 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1238 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 36.68 % change on previous year (2025)
Frequently asked questions
- What is new business density in Guinea-Bissau?
- New business density in Guinea-Bissau was 0.4682 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 Guinea-Bissau?
- The highest recorded value was 0.6649 new registrations per 1,000 people ages 15-64 in 2017.
- What is the lowest new business density recorded in Guinea-Bissau?
- The lowest recorded value was 0.2936 new registrations per 1,000 people ages 15-64 in 2019.
- How does Guinea-Bissau rank for new business density?
- Guinea-Bissau ranks 151st out of 177 countries with data for 2024.
- Is new business density rising or falling in Guinea-Bissau?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is falling.
- Where does this Guinea-Bissau 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.