New business density in Low income
Low income: New business density was 0.3596 new registrations per 1,000 people ages 15-64 in 2020. ▲ Rising
Latest (2020)
0.3596 new registrations per 1,000 people ages 15-64
Change on year
up 1.3%
Rank
43rd
of 45 groups
All-time high
0.3596 new registrations per 1,000 people ages 15-64
in 2020
All-time low
0.2577 new registrations per 1,000 people ages 15-64
in 2015
Years of data
7
2014–2020
New business density in Low income, 2014–2020
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2020, new business density in Low income stood at 0.3596 new registrations per 1,000 people ages 15-64. That is the highest value across all 7 years on record.
The figure is up 1.3% on the previous year and up 38.0% over ten years.
That places Low income 43rd out of 45 groups with data for 2020, putting it in the bottom quarter.
New business density in Low income, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2014 | 0.2607 new registrations per 1,000 people ages 15-64 | — |
| 2015 | 0.2577 new registrations per 1,000 people ages 15-64 | -1.1% |
| 2016 | 0.2767 new registrations per 1,000 people ages 15-64 | +7.4% |
| 2017 | 0.2657 new registrations per 1,000 people ages 15-64 | -4.0% |
| 2018 | 0.2961 new registrations per 1,000 people ages 15-64 | +11.4% |
| 2019 | 0.355 new registrations per 1,000 people ages 15-64 | +19.9% |
| 2020 | 0.3596 new registrations per 1,000 people ages 15-64 | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.2853 new registrations per 1,000 people ages 15-64 | 0.2577 new registrations per 1,000 people ages 15-64 | 0.355 new registrations per 1,000 people ages 15-64 | 6 |
| 2020s | 0.3596 new registrations per 1,000 people ages 15-64 | 0.3596 new registrations per 1,000 people ages 15-64 | 0.3596 new registrations per 1,000 people ages 15-64 | 1 |
Countries ranked near Low income
- 40 Namibia 6.74 new registrations per 1,000 people ages 15-64 compare
- 41 Brazil 6.67 new registrations per 1,000 people ages 15-64 compare
- 42 Ireland 6.65 new registrations per 1,000 people ages 15-64 compare
- 43 Costa Rica 6.31 new registrations per 1,000 people ages 15-64 compare
- 44 Bahrain 6.16 new registrations per 1,000 people ages 15-64 compare
- 45 Finland 5.97 new registrations per 1,000 people ages 15-64 compare
- 46 Slovakia 5.68 new registrations per 1,000 people ages 15-64 compare
More private sector data for Low income
- Merchandise trade 40.8% (2025)
- Food imports 17.6% (2019)
- Manufactures imports 59.0% (2019)
- Merchandise imports 152.49 billion current US$ (2025)
- Merchandise exports 106.71 billion current US$ (2025)
- Merchandise exports (current US$), per capita 139.04 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.166 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 15.25 % change on previous year (2025)
- Merchandise imports (current US$), per capita 198.69 current US$ per person (2025)
- Merchandise imports (current US$), per unit of GDP 0.2373 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is new business density in Low income?
- New business density in Low income was 0.3596 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 Low income?
- The highest recorded value was 0.3596 new registrations per 1,000 people ages 15-64 in 2020.
- What is the lowest new business density recorded in Low income?
- The lowest recorded value was 0.2577 new registrations per 1,000 people ages 15-64 in 2015.
- How does Low income rank for new business density?
- Low income ranks 43rd out of 45 groups with data for 2020.
- Is new business density rising or falling in Low income?
- Over the last ten years it is up 38.0%. The long-run trend across the full record is rising.
- Where does this Low 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.