New business density in Low & middle income
Low & middle income: New business density was 5.1 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
5.1 new registrations per 1,000 people ages 15-64
Change on year
down 18.8%
Rank
13th
of 45 groups
All-time high
6.28 new registrations per 1,000 people ages 15-64
in 2023
All-time low
1.74 new registrations per 1,000 people ages 15-64
in 2008
Years of data
17
2008–2024
New business density in Low & middle income, 2008–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Low & middle income recorded 5.1 new registrations per 1,000 people ages 15-64 for new business density in 2024.
The figure is down 18.8% on the previous year and up 44.2% over ten years.
Over the whole period, new business density in Low & middle income peaked at 6.28 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 1.74 new registrations per 1,000 people ages 15-64, in 2008.
That places Low & middle income 13th out of 45 groups with data for 2024, putting it 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 Low & middle income, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2008 | 1.74 new registrations per 1,000 people ages 15-64 | — |
| 2009 | 1.97 new registrations per 1,000 people ages 15-64 | +13.7% |
| 2010 | 2.24 new registrations per 1,000 people ages 15-64 | +13.4% |
| 2011 | 2.34 new registrations per 1,000 people ages 15-64 | +4.4% |
| 2012 | 2.34 new registrations per 1,000 people ages 15-64 | +0.0% |
| 2013 | 2.52 new registrations per 1,000 people ages 15-64 | +7.7% |
| 2014 | 3.54 new registrations per 1,000 people ages 15-64 | +40.4% |
| 2015 | 3.98 new registrations per 1,000 people ages 15-64 | +12.6% |
| 2016 | 4.45 new registrations per 1,000 people ages 15-64 | +11.7% |
| 2017 | 4.21 new registrations per 1,000 people ages 15-64 | -5.4% |
| 2018 | 4.25 new registrations per 1,000 people ages 15-64 | +0.9% |
| 2019 | 4.13 new registrations per 1,000 people ages 15-64 | -2.7% |
| 2020 | 4.33 new registrations per 1,000 people ages 15-64 | +4.6% |
| 2021 | 5.71 new registrations per 1,000 people ages 15-64 | +31.9% |
| 2022 | 4.86 new registrations per 1,000 people ages 15-64 | -14.8% |
| 2023 | 6.28 new registrations per 1,000 people ages 15-64 | +29.2% |
| 2024 | 5.1 new registrations per 1,000 people ages 15-64 | -18.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.86 new registrations per 1,000 people ages 15-64 | 1.74 new registrations per 1,000 people ages 15-64 | 1.97 new registrations per 1,000 people ages 15-64 | 2 |
| 2010s | 3.4 new registrations per 1,000 people ages 15-64 | 2.24 new registrations per 1,000 people ages 15-64 | 4.45 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 5.25 new registrations per 1,000 people ages 15-64 | 4.33 new registrations per 1,000 people ages 15-64 | 6.28 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Low & middle income
- 10 Australia 18.06 new registrations per 1,000 people ages 15-64 compare
- 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
More private sector data for Low & middle income
- Merchandise trade 41.5% (2025)
- Food imports 8.8% (2024)
- Manufactures imports 58.0% (2024)
- Merchandise imports 8.33 trillion current US$ (2025)
- Food exports 10.2% (2024)
- Manufactures exports 72.6% (2024)
- Merchandise exports 8.84 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 1,301 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.213 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.48 % change on previous year (2025)
Frequently asked questions
- What is new business density in Low & middle income?
- New business density in Low & middle income was 5.1 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 Low & middle income?
- The highest recorded value was 6.28 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in Low & middle income?
- The lowest recorded value was 1.74 new registrations per 1,000 people ages 15-64 in 2008.
- How does Low & middle income rank for new business density?
- Low & middle income ranks 13th out of 45 groups with data for 2024.
- Is new business density rising or falling in Low & middle income?
- Over the last ten years it is up 44.2%. The long-run trend across the full record is rising.
- Where does this Low & middle income 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.