New business density in Isle of Man
Isle of Man: New business density was 33.58 new registrations per 1,000 people ages 15-64 in 2024. ▼ Falling
New business density in Isle of Man, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Isle of Man recorded 33.58 new registrations per 1,000 people ages 15-64 for new business density in 2024.
The figure is down 1.3% on the previous year and down 13.8% over ten years.
Over the whole period, new business density in Isle of Man peaked at 76.9 new registrations per 1,000 people ages 15-64 in 2008 and was at its lowest, 29.17 new registrations per 1,000 people ages 15-64, in 2019.
That places Isle of Man 2nd out of 177 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 19 years of available data.
New business density in Isle of Man, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 69.73 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 76.74 new registrations per 1,000 people ages 15-64 | +10.1% |
| 2008 | 76.9 new registrations per 1,000 people ages 15-64 | +0.2% |
| 2009 | 39.07 new registrations per 1,000 people ages 15-64 | -49.2% |
| 2010 | 44.96 new registrations per 1,000 people ages 15-64 | +15.1% |
| 2011 | 41.02 new registrations per 1,000 people ages 15-64 | -8.8% |
| 2012 | 36.88 new registrations per 1,000 people ages 15-64 | -10.1% |
| 2013 | 40.62 new registrations per 1,000 people ages 15-64 | +10.1% |
| 2014 | 38.94 new registrations per 1,000 people ages 15-64 | -4.1% |
| 2015 | 36.83 new registrations per 1,000 people ages 15-64 | -5.4% |
| 2016 | 34.64 new registrations per 1,000 people ages 15-64 | -5.9% |
| 2017 | 41.99 new registrations per 1,000 people ages 15-64 | +21.2% |
| 2018 | 31.63 new registrations per 1,000 people ages 15-64 | -24.7% |
| 2019 | 29.17 new registrations per 1,000 people ages 15-64 | -7.8% |
| 2020 | 30.74 new registrations per 1,000 people ages 15-64 | +5.4% |
| 2021 | 32.59 new registrations per 1,000 people ages 15-64 | +6.0% |
| 2022 | 31.74 new registrations per 1,000 people ages 15-64 | -2.6% |
| 2023 | 34.04 new registrations per 1,000 people ages 15-64 | +7.2% |
| 2024 | 33.58 new registrations per 1,000 people ages 15-64 | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 65.61 new registrations per 1,000 people ages 15-64 | 39.07 new registrations per 1,000 people ages 15-64 | 76.9 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 37.67 new registrations per 1,000 people ages 15-64 | 29.17 new registrations per 1,000 people ages 15-64 | 44.96 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 32.54 new registrations per 1,000 people ages 15-64 | 30.74 new registrations per 1,000 people ages 15-64 | 34.04 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Isle of Man
- 1 Cayman Islands 201 new registrations per 1,000 people ages 15-64 compare
- 3 Hong Kong, China 28.85 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
More private sector data for Isle of Man
- New businesses registered 1,770 number (2024)
Frequently asked questions
- What is new business density in Isle of Man?
- New business density in Isle of Man was 33.58 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 Isle of Man?
- The highest recorded value was 76.9 new registrations per 1,000 people ages 15-64 in 2008.
- What is the lowest new business density recorded in Isle of Man?
- The lowest recorded value was 29.17 new registrations per 1,000 people ages 15-64 in 2019.
- How does Isle of Man rank for new business density?
- Isle of Man ranks 2nd out of 177 countries with data for 2024.
- Is new business density rising or falling in Isle of Man?
- Over the last ten years it is down 13.8%. The long-run trend across the full record is falling.
- Where does this Isle of Man 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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CSV · JSON — 19 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.