New business density in Late-demographic dividend
Late-demographic dividend: New business density was 11.29 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
New business density in Late-demographic dividend, 2008–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Late-demographic dividend stood at 11.29 new registrations per 1,000 people ages 15-64.
Compared with earlier readings it is down 19.6% on the previous year and up 40.9% over ten years.
Over the whole period, new business density in Late-demographic dividend peaked at 14.05 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 3.51 new registrations per 1,000 people ages 15-64, in 2008.
Late-demographic dividend ranks 1st of 45 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
New business density in Late-demographic dividend, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2008 | 3.51 new registrations per 1,000 people ages 15-64 | — |
| 2009 | 4.12 new registrations per 1,000 people ages 15-64 | +17.4% |
| 2010 | 4.73 new registrations per 1,000 people ages 15-64 | +14.9% |
| 2011 | 4.9 new registrations per 1,000 people ages 15-64 | +3.4% |
| 2012 | 5.07 new registrations per 1,000 people ages 15-64 | +3.5% |
| 2013 | 5.53 new registrations per 1,000 people ages 15-64 | +9.2% |
| 2014 | 8.02 new registrations per 1,000 people ages 15-64 | +45.0% |
| 2015 | 9.08 new registrations per 1,000 people ages 15-64 | +13.2% |
| 2016 | 10.26 new registrations per 1,000 people ages 15-64 | +13.1% |
| 2017 | 9.79 new registrations per 1,000 people ages 15-64 | -4.6% |
| 2018 | 9.88 new registrations per 1,000 people ages 15-64 | +0.9% |
| 2019 | 9.44 new registrations per 1,000 people ages 15-64 | -4.4% |
| 2020 | 10.06 new registrations per 1,000 people ages 15-64 | +6.6% |
| 2021 | 13.22 new registrations per 1,000 people ages 15-64 | +31.4% |
| 2022 | 11.21 new registrations per 1,000 people ages 15-64 | -15.2% |
| 2023 | 14.05 new registrations per 1,000 people ages 15-64 | +25.3% |
| 2024 | 11.29 new registrations per 1,000 people ages 15-64 | -19.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.81 new registrations per 1,000 people ages 15-64 | 3.51 new registrations per 1,000 people ages 15-64 | 4.12 new registrations per 1,000 people ages 15-64 | 2 |
| 2010s | 7.67 new registrations per 1,000 people ages 15-64 | 4.73 new registrations per 1,000 people ages 15-64 | 10.26 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 11.97 new registrations per 1,000 people ages 15-64 | 10.06 new registrations per 1,000 people ages 15-64 | 14.05 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Late-demographic dividend
- 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
- 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
More private sector data for Late-demographic dividend
- Merchandise trade 43.3% (2025)
- Food imports 8.9% (2024)
- Manufactures imports 59.4% (2024)
- Merchandise imports 6.71 trillion current US$ (2025)
- Food exports 7.6% (2024)
- Manufactures exports 76.8% (2024)
- Merchandise exports 8.30 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 3,560 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2603 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.18 % change on previous year (2025)
Frequently asked questions
- What is new business density in Late-demographic dividend?
- New business density in Late-demographic dividend was 11.29 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 Late-demographic dividend?
- The highest recorded value was 14.05 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in Late-demographic dividend?
- The lowest recorded value was 3.51 new registrations per 1,000 people ages 15-64 in 2008.
- How does Late-demographic dividend rank for new business density?
- Late-demographic dividend ranks 1st out of 45 groups with data for 2024.
- Is new business density rising or falling in Late-demographic dividend?
- Over the last ten years it is up 40.9%. The long-run trend across the full record is rising.
- Where does this Late-demographic dividend 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.
Download this data
CSV · JSON — 17 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.