New business density in IDA & IBRD total
IDA & IBRD total: New business density was 5.04 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
5.04 new registrations per 1,000 people ages 15-64
Change on year
down 18.6%
Rank
14th
of 45 groups
All-time high
6.19 new registrations per 1,000 people ages 15-64
in 2023
All-time low
1.85 new registrations per 1,000 people ages 15-64
in 2008
Years of data
17
2008–2024
New business density in IDA & IBRD total, 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 IDA & IBRD total is 5.04 new registrations per 1,000 people ages 15-64, measured in 2024.
The figure is down 18.6% on the previous year and up 41.2% over ten years.
Over the whole period, new business density in IDA & IBRD total peaked at 6.19 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 1.85 new registrations per 1,000 people ages 15-64, in 2008.
IDA & IBRD total ranks 14th of 45 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
New business density in IDA & IBRD total, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2008 | 1.85 new registrations per 1,000 people ages 15-64 | — |
| 2009 | 2 new registrations per 1,000 people ages 15-64 | +8.4% |
| 2010 | 2.26 new registrations per 1,000 people ages 15-64 | +12.5% |
| 2011 | 2.33 new registrations per 1,000 people ages 15-64 | +3.2% |
| 2012 | 2.4 new registrations per 1,000 people ages 15-64 | +3.2% |
| 2013 | 2.59 new registrations per 1,000 people ages 15-64 | +7.8% |
| 2014 | 3.57 new registrations per 1,000 people ages 15-64 | +37.9% |
| 2015 | 4.01 new registrations per 1,000 people ages 15-64 | +12.3% |
| 2016 | 4.46 new registrations per 1,000 people ages 15-64 | +11.2% |
| 2017 | 4.23 new registrations per 1,000 people ages 15-64 | -5.1% |
| 2018 | 4.25 new registrations per 1,000 people ages 15-64 | +0.5% |
| 2019 | 4.13 new registrations per 1,000 people ages 15-64 | -2.8% |
| 2020 | 4.29 new registrations per 1,000 people ages 15-64 | +3.9% |
| 2021 | 5.64 new registrations per 1,000 people ages 15-64 | +31.6% |
| 2022 | 4.83 new registrations per 1,000 people ages 15-64 | -14.3% |
| 2023 | 6.19 new registrations per 1,000 people ages 15-64 | +28.0% |
| 2024 | 5.04 new registrations per 1,000 people ages 15-64 | -18.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.93 new registrations per 1,000 people ages 15-64 | 1.85 new registrations per 1,000 people ages 15-64 | 2 new registrations per 1,000 people ages 15-64 | 2 |
| 2010s | 3.42 new registrations per 1,000 people ages 15-64 | 2.26 new registrations per 1,000 people ages 15-64 | 4.46 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 5.2 new registrations per 1,000 people ages 15-64 | 4.29 new registrations per 1,000 people ages 15-64 | 6.19 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near IDA & IBRD total
- 11 Montenegro 17.86 new registrations per 1,000 people ages 15-64 compare
- 12 New Zealand 16.05 new registrations per 1,000 people ages 15-64 compare
- 13 China 15.59 new registrations per 1,000 people ages 15-64 compare
- 14 Liechtenstein 15.57 new registrations per 1,000 people ages 15-64 compare
- 15 Naoero 15.23 new registrations per 1,000 people ages 15-64 compare
- 16 Croatia 15.21 new registrations per 1,000 people ages 15-64 compare
- 17 Mauritius 13.98 new registrations per 1,000 people ages 15-64 compare
More private sector data for IDA & IBRD total
- Merchandise trade 42.2% (2025)
- Food imports 9.0% (2024)
- Manufactures imports 59.3% (2024)
- Merchandise imports 9.47 trillion current US$ (2025)
- Food exports 10.9% (2024)
- Manufactures exports 71.8% (2024)
- Merchandise exports 10.03 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 1,434 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2169 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.09 % change on previous year (2025)
Frequently asked questions
- What is new business density in IDA & IBRD total?
- New business density in IDA & IBRD total was 5.04 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 IDA & IBRD total?
- The highest recorded value was 6.19 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in IDA & IBRD total?
- The lowest recorded value was 1.85 new registrations per 1,000 people ages 15-64 in 2008.
- How does IDA & IBRD total rank for new business density?
- IDA & IBRD total ranks 14th out of 45 groups with data for 2024.
- Is new business density rising or falling in IDA & IBRD total?
- Over the last ten years it is up 41.2%. The long-run trend across the full record is rising.
- Where does this IDA & IBRD total 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.