New business density in Least developed countries
Least developed countries: New business density was 0.3959 new registrations per 1,000 people ages 15-64 in 2020. ▲ Rising
New business density in Least developed countries, 2011–2020
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2020, new business density in Least developed countries stood at 0.3959 new registrations per 1,000 people ages 15-64.
That represents a change of down 0.5% on the previous year and up 46.6% over ten years.
Over the whole period, new business density in Least developed countries peaked at 0.398 new registrations per 1,000 people ages 15-64 in 2019 and was at its lowest, 0.2684 new registrations per 1,000 people ages 15-64, in 2013.
That places Least developed countries 40th out of 43 groups with data for 2020, putting it in the bottom quarter.
New business density in Least developed countries, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2011 | 0.2702 new registrations per 1,000 people ages 15-64 | — |
| 2012 | 0.2767 new registrations per 1,000 people ages 15-64 | +2.4% |
| 2013 | 0.2684 new registrations per 1,000 people ages 15-64 | -3.0% |
| 2014 | 0.2686 new registrations per 1,000 people ages 15-64 | +0.1% |
| 2015 | 0.284 new registrations per 1,000 people ages 15-64 | +5.7% |
| 2016 | 0.306 new registrations per 1,000 people ages 15-64 | +7.8% |
| 2017 | 0.3179 new registrations per 1,000 people ages 15-64 | +3.9% |
| 2018 | 0.3595 new registrations per 1,000 people ages 15-64 | +13.1% |
| 2019 | 0.398 new registrations per 1,000 people ages 15-64 | +10.7% |
| 2020 | 0.3959 new registrations per 1,000 people ages 15-64 | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.3055 new registrations per 1,000 people ages 15-64 | 0.2684 new registrations per 1,000 people ages 15-64 | 0.398 new registrations per 1,000 people ages 15-64 | 9 |
| 2020s | 0.3959 new registrations per 1,000 people ages 15-64 | 0.3959 new registrations per 1,000 people ages 15-64 | 0.3959 new registrations per 1,000 people ages 15-64 | 1 |
Countries ranked near Least developed countries
- 37 France 6.82 new registrations per 1,000 people ages 15-64 compare
- 38 Qatar 6.77 new registrations per 1,000 people ages 15-64 compare
- 39 Namibia 6.74 new registrations per 1,000 people ages 15-64 compare
- 40 Brazil 6.67 new registrations per 1,000 people ages 15-64 compare
- 41 Ireland 6.65 new registrations per 1,000 people ages 15-64 compare
- 42 Costa Rica 6.31 new registrations per 1,000 people ages 15-64 compare
- 43 Bahrain 6.16 new registrations per 1,000 people ages 15-64 compare
More private sector data for Least developed countries
- Merchandise trade 41.4% (2025)
- Food imports 15.6% (2019)
- Manufactures imports 62.6% (2019)
- Merchandise imports 376.94 billion current US$ (2025)
- Food exports 15.1% (2023)
- Manufactures exports 20.1% (2023)
- Merchandise exports 311.48 billion current US$ (2025)
- Merchandise exports (current US$), per capita 256.54 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1884 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 10.88 % change on previous year (2025)
Frequently asked questions
- What is new business density in Least developed countries?
- New business density in Least developed countries was 0.3959 new registrations per 1,000 people ages 15-64 in 2020, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Least developed countries?
- The highest recorded value was 0.398 new registrations per 1,000 people ages 15-64 in 2019.
- What is the lowest new business density recorded in Least developed countries?
- The lowest recorded value was 0.2684 new registrations per 1,000 people ages 15-64 in 2013.
- How does Least developed countries rank for new business density?
- Least developed countries ranks 40th out of 43 groups with data for 2020.
- Is new business density rising or falling in Least developed countries?
- Over the last ten years it is up 46.6%. The long-run trend across the full record is rising.
- Where does this Least developed countries 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.