New business density (new registrations per 1,000 people ages 15-64) in Guinea
Guinea: New business density (new registrations per 1,000 people ages 15-64) was 0.6853 new registrations per 1,000 people ages 15-64 in 2024. ◆ Volatile
New business density in Guinea, 2014–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Guinea recorded 0.6853 new registrations per 1,000 people ages 15-64 for new business density in 2024.
Compared with earlier readings it is down 43.7% on the previous year and up 425.4% over ten years.
Over the whole period, new business density in Guinea peaked at 1.22 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 0.1304 new registrations per 1,000 people ages 15-64, in 2014.
That places Guinea 142nd 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 (new registrations per 1,000 people ages 15-64) in Guinea, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2014 | 0.1304 new registrations per 1,000 people ages 15-64 | — |
| 2015 | 0.228 new registrations per 1,000 people ages 15-64 | +74.8% |
| 2016 | 0.287 new registrations per 1,000 people ages 15-64 | +25.9% |
| 2017 | 0.353 new registrations per 1,000 people ages 15-64 | +23.0% |
| 2018 | 0.4106 new registrations per 1,000 people ages 15-64 | +16.3% |
| 2019 | 0.4658 new registrations per 1,000 people ages 15-64 | +13.5% |
| 2020 | 0.4504 new registrations per 1,000 people ages 15-64 | -3.3% |
| 2021 | 0.597 new registrations per 1,000 people ages 15-64 | +32.5% |
| 2022 | 0.6151 new registrations per 1,000 people ages 15-64 | +3.0% |
| 2023 | 1.22 new registrations per 1,000 people ages 15-64 | +98.0% |
| 2024 | 0.6853 new registrations per 1,000 people ages 15-64 | -43.7% |
Guinea compared with similar countries
- Guinea's 0.6853 new registrations per 1,000 people ages 15-64 is below the median for lower middle income countries, which is 1.07 new registrations per 1,000 people ages 15-64, 64% of the median. (42 countries reporting)
- Guinea's 0.6853 new registrations per 1,000 people ages 15-64 is below the median for Sub-Saharan Africa, which is 1.04 new registrations per 1,000 people ages 15-64, 66% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.3125 new registrations per 1,000 people ages 15-64 | 0.1304 new registrations per 1,000 people ages 15-64 | 0.4658 new registrations per 1,000 people ages 15-64 | 6 |
| 2020s | 0.7132 new registrations per 1,000 people ages 15-64 | 0.4504 new registrations per 1,000 people ages 15-64 | 1.22 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Guinea
- 139 Samoa 0.7178 new registrations per 1,000 people ages 15-64 compare
- 140 Tonga 0.6965 new registrations per 1,000 people ages 15-64 compare
- 141 Benin 0.6901 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
- 145 Ethiopia 0.6072 new registrations per 1,000 people ages 15-64 compare
More private sector data for Guinea
- Merchandise trade 82.7% (2025)
- Food imports 26.6% (2016)
- Manufactures imports 58.5% (2016)
- Merchandise imports 8.34 billion current US$ (2025)
- Commercial service imports 3.15 billion current US$ (2024)
- Food exports 4.3% (2016)
- Manufactures exports 3.7% (2016)
- Merchandise exports 15.10 billion current US$ (2025)
- Commercial service exports 54.12 million current US$ (2024)
- Merchandise exports (current US$), per capita 1,000 current US$ per person (2025)
Frequently asked questions
- What is new business density in Guinea?
- New business density in Guinea was 0.6853 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?
- The highest recorded value was 1.22 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in Guinea?
- The lowest recorded value was 0.1304 new registrations per 1,000 people ages 15-64 in 2014.
- How does Guinea rank for new business density?
- Guinea ranks 142nd out of 177 countries with data for 2024.
- Is new business density rising or falling in Guinea?
- Over the last ten years it is up 425.4%. The long-run trend across the full record is volatile.
- Where does this Guinea 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.