New business density in Heavily indebted poor countries (HIPC)
Heavily indebted poor countries (HIPC): New business density was 1.05 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
New business density in Heavily indebted poor countries (HIPC), 2013–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Heavily indebted poor countries (HIPC) stood at 1.05 new registrations per 1,000 people ages 15-64.
That represents a change of down 6.7% on the previous year and up 163.7% over ten years.
Over the whole period, new business density in Heavily indebted poor countries (HIPC) peaked at 1.12 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 0.3833 new registrations per 1,000 people ages 15-64, in 2013.
Heavily indebted poor countries (HIPC) ranks 33rd of 45 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
New business density in Heavily indebted poor countries (HIPC), year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2013 | 0.3833 new registrations per 1,000 people ages 15-64 | — |
| 2014 | 0.3973 new registrations per 1,000 people ages 15-64 | +3.6% |
| 2015 | 0.4318 new registrations per 1,000 people ages 15-64 | +8.7% |
| 2016 | 0.4799 new registrations per 1,000 people ages 15-64 | +11.1% |
| 2017 | 0.4951 new registrations per 1,000 people ages 15-64 | +3.2% |
| 2018 | 0.5487 new registrations per 1,000 people ages 15-64 | +10.8% |
| 2019 | 0.6613 new registrations per 1,000 people ages 15-64 | +20.5% |
| 2020 | 0.6598 new registrations per 1,000 people ages 15-64 | -0.2% |
| 2021 | 0.7431 new registrations per 1,000 people ages 15-64 | +12.6% |
| 2022 | 0.9402 new registrations per 1,000 people ages 15-64 | +26.5% |
| 2023 | 1.12 new registrations per 1,000 people ages 15-64 | +19.4% |
| 2024 | 1.05 new registrations per 1,000 people ages 15-64 | -6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.4853 new registrations per 1,000 people ages 15-64 | 0.3833 new registrations per 1,000 people ages 15-64 | 0.6613 new registrations per 1,000 people ages 15-64 | 7 |
| 2020s | 0.9026 new registrations per 1,000 people ages 15-64 | 0.6598 new registrations per 1,000 people ages 15-64 | 1.12 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Heavily indebted poor countries (HIPC)
- 30 Côte d'Ivoire 8.28 new registrations per 1,000 people ages 15-64 compare
- 31 Mongolia 8.26 new registrations per 1,000 people ages 15-64 compare
- 32 Barbados 8.11 new registrations per 1,000 people ages 15-64 compare
- 33 Georgia 7.62 new registrations per 1,000 people ages 15-64 compare
- 34 Romania 7.47 new registrations per 1,000 people ages 15-64 compare
- 35 Sweden 7.08 new registrations per 1,000 people ages 15-64 compare
- 36 Latvia 7.02 new registrations per 1,000 people ages 15-64 compare
More private sector data for Heavily indebted poor countries (HIPC)
- Merchandise trade 45.6% (2025)
- Food imports 14.9% (2023)
- Manufactures imports 59.9% (2023)
- Merchandise imports 306.76 billion current US$ (2025)
- Food exports 27.0% (2023)
- Manufactures exports 14.1% (2023)
- Merchandise exports 279.71 billion current US$ (2025)
- Merchandise exports (current US$), per capita 289.81 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2176 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 20.37 % change on previous year (2025)
Frequently asked questions
- What is new business density in Heavily indebted poor countries (HIPC)?
- New business density in Heavily indebted poor countries (HIPC) was 1.05 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 Heavily indebted poor countries (HIPC)?
- The highest recorded value was 1.12 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in Heavily indebted poor countries (HIPC)?
- The lowest recorded value was 0.3833 new registrations per 1,000 people ages 15-64 in 2013.
- How does Heavily indebted poor countries (HIPC) rank for new business density?
- Heavily indebted poor countries (HIPC) ranks 33rd out of 45 groups with data for 2024.
- Is new business density rising or falling in Heavily indebted poor countries (HIPC)?
- Over the last ten years it is up 163.7%. The long-run trend across the full record is rising.
- Where does this Heavily indebted poor countries (HIPC) 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.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.