New business density (new registrations per 1,000 people ages 15-64) in Hong Kong
Hong Kong: New business density (new registrations per 1,000 people ages 15-64) was 28.85 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
28.85 new registrations per 1,000 people ages 15-64
Change on year
up 11.2%
World rank
3rd
of 177 countries
All-time high
32.72 new registrations per 1,000 people ages 15-64
in 2013
All-time low
16.25 new registrations per 1,000 people ages 15-64
in 2006
Years of data
19
2006–2024
New business density in Hong Kong, 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 Hong Kong stood at 28.85 new registrations per 1,000 people ages 15-64.
The figure is up 11.2% on the previous year and down 8.2% over ten years.
Over the whole period, new business density in Hong Kong peaked at 32.72 new registrations per 1,000 people ages 15-64 in 2013 and was at its lowest, 16.25 new registrations per 1,000 people ages 15-64, in 2006.
That places Hong Kong 3rd out of 177 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
New business density (new registrations per 1,000 people ages 15-64) in Hong Kong, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 16.25 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 19.72 new registrations per 1,000 people ages 15-64 | +21.3% |
| 2008 | 19.12 new registrations per 1,000 people ages 15-64 | -3.0% |
| 2009 | 21.1 new registrations per 1,000 people ages 15-64 | +10.4% |
| 2010 | 26.64 new registrations per 1,000 people ages 15-64 | +26.2% |
| 2011 | 28.09 new registrations per 1,000 people ages 15-64 | +5.5% |
| 2012 | 28.2 new registrations per 1,000 people ages 15-64 | +0.4% |
| 2013 | 32.72 new registrations per 1,000 people ages 15-64 | +16.0% |
| 2014 | 31.43 new registrations per 1,000 people ages 15-64 | -3.9% |
| 2015 | 26.13 new registrations per 1,000 people ages 15-64 | -16.9% |
| 2016 | 27.23 new registrations per 1,000 people ages 15-64 | +4.2% |
| 2017 | 30.15 new registrations per 1,000 people ages 15-64 | +10.7% |
| 2018 | 28.59 new registrations per 1,000 people ages 15-64 | -5.2% |
| 2019 | 23.55 new registrations per 1,000 people ages 15-64 | -17.6% |
| 2020 | 19.01 new registrations per 1,000 people ages 15-64 | -19.3% |
| 2021 | 21.62 new registrations per 1,000 people ages 15-64 | +13.7% |
| 2022 | 20.72 new registrations per 1,000 people ages 15-64 | -4.2% |
| 2023 | 25.94 new registrations per 1,000 people ages 15-64 | +25.2% |
| 2024 | 28.85 new registrations per 1,000 people ages 15-64 | +11.2% |
Hong Kong compared with similar countries
- Hong Kong's 28.85 new registrations per 1,000 people ages 15-64 is above the median for high income countries, which is 5.68 new registrations per 1,000 people ages 15-64, 5.1× the median. (63 countries reporting)
- Hong Kong's 28.85 new registrations per 1,000 people ages 15-64 is above the median for East Asia & Pacific, which is 1.67 new registrations per 1,000 people ages 15-64, 17.3× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.05 new registrations per 1,000 people ages 15-64 | 16.25 new registrations per 1,000 people ages 15-64 | 21.1 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 28.27 new registrations per 1,000 people ages 15-64 | 23.55 new registrations per 1,000 people ages 15-64 | 32.72 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 23.23 new registrations per 1,000 people ages 15-64 | 19.01 new registrations per 1,000 people ages 15-64 | 28.85 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Hong Kong
- 1 Cayman Islands 201 new registrations per 1,000 people ages 15-64 compare
- 2 Isle of Man 33.58 new registrations per 1,000 people ages 15-64 compare
- 4 Estonia 26.76 new registrations per 1,000 people ages 15-64 compare
- 5 Cape Verde 21.76 new registrations per 1,000 people ages 15-64 compare
- 6 United States Virgin Islands 19.96 new registrations per 1,000 people ages 15-64 compare
More private sector data for Hong Kong
- Merchandise trade 371.0% (2025)
- Food imports 2.8% (2025)
- Manufactures imports 80.8% (2025)
- Merchandise imports 831.83 billion current US$ (2025)
- Commercial service imports 93.42 billion current US$ (2025)
- Food exports 1.3% (2025)
- Manufactures exports 85.7% (2025)
- Merchandise exports 753.58 billion current US$ (2025)
- Commercial service exports 115.24 billion current US$ (2025)
- Merchandise exports (current US$), per capita 100,492 current US$ per person (2025)
Frequently asked questions
- What is new business density in Hong Kong?
- New business density in Hong Kong was 28.85 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 Hong Kong?
- The highest recorded value was 32.72 new registrations per 1,000 people ages 15-64 in 2013.
- What is the lowest new business density recorded in Hong Kong?
- The lowest recorded value was 16.25 new registrations per 1,000 people ages 15-64 in 2006.
- How does Hong Kong rank for new business density?
- Hong Kong ranks 3rd out of 177 countries with data for 2024.
- Is new business density rising or falling in Hong Kong?
- Over the last ten years it is down 8.2%. The long-run trend across the full record is rising.
- Where does this Hong Kong 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.