New business density in IBRD only
IBRD only: New business density was 5.98 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
5.98 new registrations per 1,000 people ages 15-64
Change on year
down 18.7%
Rank
8th
of 43 groups
All-time high
7.35 new registrations per 1,000 people ages 15-64
in 2023
All-time low
2.07 new registrations per 1,000 people ages 15-64
in 2008
Years of data
17
2008–2024
New business density in IBRD only, 2008–2024
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 IBRD only is 5.98 new registrations per 1,000 people ages 15-64, measured in 2024.
Compared with earlier readings it is down 18.7% on the previous year and up 37.0% over ten years.
Over the whole period, new business density in IBRD only peaked at 7.35 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 2.07 new registrations per 1,000 people ages 15-64, in 2008.
IBRD only ranks 8th of 43 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 17 years of available data.
New business density in IBRD only, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2008 | 2.07 new registrations per 1,000 people ages 15-64 | — |
| 2009 | 2.34 new registrations per 1,000 people ages 15-64 | +13.2% |
| 2010 | 2.64 new registrations per 1,000 people ages 15-64 | +12.6% |
| 2011 | 2.75 new registrations per 1,000 people ages 15-64 | +4.0% |
| 2012 | 2.84 new registrations per 1,000 people ages 15-64 | +3.6% |
| 2013 | 3.11 new registrations per 1,000 people ages 15-64 | +9.3% |
| 2014 | 4.36 new registrations per 1,000 people ages 15-64 | +40.4% |
| 2015 | 4.92 new registrations per 1,000 people ages 15-64 | +12.8% |
| 2016 | 5.5 new registrations per 1,000 people ages 15-64 | +11.7% |
| 2017 | 5.24 new registrations per 1,000 people ages 15-64 | -4.7% |
| 2018 | 5.28 new registrations per 1,000 people ages 15-64 | +0.7% |
| 2019 | 5 new registrations per 1,000 people ages 15-64 | -5.3% |
| 2020 | 5.19 new registrations per 1,000 people ages 15-64 | +4.0% |
| 2021 | 6.85 new registrations per 1,000 people ages 15-64 | +31.9% |
| 2022 | 5.84 new registrations per 1,000 people ages 15-64 | -14.8% |
| 2023 | 7.35 new registrations per 1,000 people ages 15-64 | +25.9% |
| 2024 | 5.98 new registrations per 1,000 people ages 15-64 | -18.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.21 new registrations per 1,000 people ages 15-64 | 2.07 new registrations per 1,000 people ages 15-64 | 2.34 new registrations per 1,000 people ages 15-64 | 2 |
| 2010s | 4.16 new registrations per 1,000 people ages 15-64 | 2.64 new registrations per 1,000 people ages 15-64 | 5.5 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 6.24 new registrations per 1,000 people ages 15-64 | 5.19 new registrations per 1,000 people ages 15-64 | 7.35 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near IBRD only
- 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
- 7 Luxembourg 19.61 new registrations per 1,000 people ages 15-64 compare
- 8 United Kingdom 19.19 new registrations per 1,000 people ages 15-64 compare
- 9 Saint Kitts and Nevis 18.72 new registrations per 1,000 people ages 15-64 compare
- 10 Australia 18.06 new registrations per 1,000 people ages 15-64 compare
- 11 Montenegro 17.86 new registrations per 1,000 people ages 15-64 compare
More private sector data for IBRD only
- Merchandise trade 42.3% (2025)
- Food imports 8.7% (2024)
- Manufactures imports 59.5% (2024)
- Merchandise imports 8.75 trillion current US$ (2025)
- Food exports 10.4% (2024)
- Manufactures exports 73.4% (2024)
- Merchandise exports 9.47 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 1,891 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2199 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 5.68 % change on previous year (2025)
Frequently asked questions
- What is new business density in IBRD only?
- New business density in IBRD only was 5.98 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 IBRD only?
- The highest recorded value was 7.35 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in IBRD only?
- The lowest recorded value was 2.07 new registrations per 1,000 people ages 15-64 in 2008.
- How does IBRD only rank for new business density?
- IBRD only ranks 8th out of 43 groups with data for 2024.
- Is new business density rising or falling in IBRD only?
- Over the last ten years it is up 37.0%. The long-run trend across the full record is rising.
- Where does this IBRD only 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.