New business density (new registrations per 1,000 people ages 15-64) in Guyana
Guyana: New business density (new registrations per 1,000 people ages 15-64) was 2.9 new registrations per 1,000 people ages 15-64 in 2024. ◆ Volatile
New business density in Guyana, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Guyana stood at 2.9 new registrations per 1,000 people ages 15-64. That is the highest value across all 19 years on record.
The figure is up 6.3% on the previous year and up 345.7% over ten years.
Over the whole period, new business density in Guyana peaked at 2.9 new registrations per 1,000 people ages 15-64 in 2024 and was at its lowest, 0.0515 new registrations per 1,000 people ages 15-64, in 2007.
Guyana ranks 73rd of 177 countries on this measure, in the middle of the range.
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 Guyana, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.3343 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.0515 new registrations per 1,000 people ages 15-64 | -84.6% |
| 2008 | 0.1578 new registrations per 1,000 people ages 15-64 | +206.7% |
| 2009 | 0.5539 new registrations per 1,000 people ages 15-64 | +250.9% |
| 2010 | 0.5176 new registrations per 1,000 people ages 15-64 | -6.6% |
| 2011 | 0.7284 new registrations per 1,000 people ages 15-64 | +40.7% |
| 2012 | 0.7306 new registrations per 1,000 people ages 15-64 | +0.3% |
| 2013 | 0.7226 new registrations per 1,000 people ages 15-64 | -1.1% |
| 2014 | 0.6511 new registrations per 1,000 people ages 15-64 | -9.9% |
| 2015 | 0.6261 new registrations per 1,000 people ages 15-64 | -3.8% |
| 2016 | 0.8174 new registrations per 1,000 people ages 15-64 | +30.6% |
| 2017 | 0.9385 new registrations per 1,000 people ages 15-64 | +14.8% |
| 2018 | 1.1 new registrations per 1,000 people ages 15-64 | +17.6% |
| 2019 | 1.67 new registrations per 1,000 people ages 15-64 | +51.5% |
| 2020 | 1.57 new registrations per 1,000 people ages 15-64 | -6.0% |
| 2021 | 2.34 new registrations per 1,000 people ages 15-64 | +48.7% |
| 2022 | 2.68 new registrations per 1,000 people ages 15-64 | +14.7% |
| 2023 | 2.73 new registrations per 1,000 people ages 15-64 | +1.8% |
| 2024 | 2.9 new registrations per 1,000 people ages 15-64 | +6.3% |
Guyana compared with similar countries
- Guyana's 2.9 new registrations per 1,000 people ages 15-64 is below the median for high income countries, which is 5.68 new registrations per 1,000 people ages 15-64, 51% of the median. (63 countries reporting)
- Guyana's 2.9 new registrations per 1,000 people ages 15-64 is below the median for Latin America & Caribbean, which is 3.07 new registrations per 1,000 people ages 15-64, 95% of the median. (32 countries reporting)
Biggest year-on-year movements
Years where New business density (new registrations per 1,000 people ages 15-64) in Guyana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +250.9% | 0.1578 new registrations per 1,000 people ages 15-64 | 0.5539 new registrations per 1,000 people ages 15-64 |
| 2008 | +206.7% | 0.0515 new registrations per 1,000 people ages 15-64 | 0.1578 new registrations per 1,000 people ages 15-64 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2744 new registrations per 1,000 people ages 15-64 | 0.0515 new registrations per 1,000 people ages 15-64 | 0.5539 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 0.8507 new registrations per 1,000 people ages 15-64 | 0.5176 new registrations per 1,000 people ages 15-64 | 1.67 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 2.44 new registrations per 1,000 people ages 15-64 | 1.57 new registrations per 1,000 people ages 15-64 | 2.9 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Guyana
- 70 Switzerland 3.13 new registrations per 1,000 people ages 15-64 compare
- 71 Italy 3.09 new registrations per 1,000 people ages 15-64 compare
- 72 Israel 2.92 new registrations per 1,000 people ages 15-64 compare
- 74 Uzbekistan 2.79 new registrations per 1,000 people ages 15-64 compare
- 75 Suriname 2.77 new registrations per 1,000 people ages 15-64 compare
- 76 Zimbabwe 2.77 new registrations per 1,000 people ages 15-64 compare
More private sector data for Guyana
- Merchandise trade 106.7% (2025)
- Food imports 6.3% (2025)
- Manufactures imports 79.8% (2025)
- Merchandise imports 10.22 billion current US$ (2025)
- Commercial service imports 4.92 billion current US$ (2023)
- Food exports 1.7% (2025)
- Manufactures exports 0.2% (2025)
- Merchandise exports 18.69 billion current US$ (2025)
- Commercial service exports 523.75 million current US$ (2023)
- Merchandise exports (current US$), per capita 22,360 current US$ per person (2025)
Frequently asked questions
- What is new business density in Guyana?
- New business density in Guyana was 2.9 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 Guyana?
- The highest recorded value was 2.9 new registrations per 1,000 people ages 15-64 in 2024.
- What is the lowest new business density recorded in Guyana?
- The lowest recorded value was 0.0515 new registrations per 1,000 people ages 15-64 in 2007.
- How does Guyana rank for new business density?
- Guyana ranks 73rd out of 177 countries with data for 2024.
- Is new business density rising or falling in Guyana?
- Over the last ten years it is up 345.7%. The long-run trend across the full record is volatile.
- Where does this Guyana 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.