New business density in Jamaica
Jamaica: New business density was 2.6 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
2.6 new registrations per 1,000 people ages 15-64
Change on year
up 0.8%
World rank
82nd
of 177 countries
All-time high
2.65 new registrations per 1,000 people ages 15-64
in 2022
All-time low
0.9122 new registrations per 1,000 people ages 15-64
in 2014
Years of data
19
2006–2024
New business density in Jamaica, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Jamaica recorded 2.6 new registrations per 1,000 people ages 15-64 for new business density in 2024.
The figure is up 0.8% on the previous year and up 184.9% over ten years.
Over the whole period, new business density in Jamaica peaked at 2.65 new registrations per 1,000 people ages 15-64 in 2022 and was at its lowest, 0.9122 new registrations per 1,000 people ages 15-64, in 2014.
That places Jamaica 82nd out of 177 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Jamaica, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 1.13 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 1.15 new registrations per 1,000 people ages 15-64 | +1.8% |
| 2008 | 1.19 new registrations per 1,000 people ages 15-64 | +3.8% |
| 2009 | 1.13 new registrations per 1,000 people ages 15-64 | -5.1% |
| 2010 | 1.1 new registrations per 1,000 people ages 15-64 | -3.3% |
| 2011 | 1.01 new registrations per 1,000 people ages 15-64 | -7.4% |
| 2012 | 1.03 new registrations per 1,000 people ages 15-64 | +1.1% |
| 2013 | 1.01 new registrations per 1,000 people ages 15-64 | -1.2% |
| 2014 | 0.9122 new registrations per 1,000 people ages 15-64 | -10.0% |
| 2015 | 1.13 new registrations per 1,000 people ages 15-64 | +24.0% |
| 2016 | 1.28 new registrations per 1,000 people ages 15-64 | +13.2% |
| 2017 | 1.37 new registrations per 1,000 people ages 15-64 | +6.6% |
| 2018 | 1.57 new registrations per 1,000 people ages 15-64 | +14.7% |
| 2019 | 1.88 new registrations per 1,000 people ages 15-64 | +20.1% |
| 2020 | 1.94 new registrations per 1,000 people ages 15-64 | +3.3% |
| 2021 | 2.38 new registrations per 1,000 people ages 15-64 | +22.8% |
| 2022 | 2.65 new registrations per 1,000 people ages 15-64 | +11.2% |
| 2023 | 2.58 new registrations per 1,000 people ages 15-64 | -2.7% |
| 2024 | 2.6 new registrations per 1,000 people ages 15-64 | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.15 new registrations per 1,000 people ages 15-64 | 1.13 new registrations per 1,000 people ages 15-64 | 1.19 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 1.23 new registrations per 1,000 people ages 15-64 | 0.9122 new registrations per 1,000 people ages 15-64 | 1.88 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 2.43 new registrations per 1,000 people ages 15-64 | 1.94 new registrations per 1,000 people ages 15-64 | 2.65 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Jamaica
- 79 Fiji 2.7 new registrations per 1,000 people ages 15-64 compare
- 80 Morocco 2.66 new registrations per 1,000 people ages 15-64 compare
- 81 Slovenia 2.62 new registrations per 1,000 people ages 15-64 compare
- 83 United Arab Emirates 2.48 new registrations per 1,000 people ages 15-64 compare
- 84 Greece 2.45 new registrations per 1,000 people ages 15-64 compare
- 85 Malaysia 2.38 new registrations per 1,000 people ages 15-64 compare
More private sector data for Jamaica
- Merchandise trade 41.3% (2025)
- Food imports 20.5% (2023)
- Manufactures imports 51.4% (2023)
- Merchandise imports 7.68 billion current US$ (2025)
- Food exports 30.4% (2023)
- Manufactures exports 3.0% (2023)
- Merchandise exports 1.69 billion current US$ (2025)
- Merchandise exports (current US$), per capita 595.33 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0744 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -9.53 % change on previous year (2025)
Frequently asked questions
- What is new business density in Jamaica?
- New business density in Jamaica was 2.6 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 Jamaica?
- The highest recorded value was 2.65 new registrations per 1,000 people ages 15-64 in 2022.
- What is the lowest new business density recorded in Jamaica?
- The lowest recorded value was 0.9122 new registrations per 1,000 people ages 15-64 in 2014.
- How does Jamaica rank for new business density?
- Jamaica ranks 82nd out of 177 countries with data for 2024.
- Is new business density rising or falling in Jamaica?
- Over the last ten years it is up 184.9%. The long-run trend across the full record is rising.
- Where does this Jamaica 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.