New business density in Lower middle income
Lower middle income: New business density was 0.4975 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
0.4975 new registrations per 1,000 people ages 15-64
Change on year
down 2.4%
Rank
38th
of 45 groups
All-time high
0.5186 new registrations per 1,000 people ages 15-64
in 2022
All-time low
0.1389 new registrations per 1,000 people ages 15-64
in 2006
Years of data
19
2006–2024
New business density in Lower middle income, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Lower middle income stood at 0.4975 new registrations per 1,000 people ages 15-64.
The figure is down 2.4% on the previous year and up 107.7% over ten years.
Over the whole period, new business density in Lower middle income peaked at 0.5186 new registrations per 1,000 people ages 15-64 in 2022 and was at its lowest, 0.1389 new registrations per 1,000 people ages 15-64, in 2006.
Lower middle income ranks 38th of 45 groups on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Lower middle income, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.1389 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.2041 new registrations per 1,000 people ages 15-64 | +46.9% |
| 2008 | 0.2331 new registrations per 1,000 people ages 15-64 | +14.3% |
| 2009 | 0.1944 new registrations per 1,000 people ages 15-64 | -16.6% |
| 2010 | 0.2169 new registrations per 1,000 people ages 15-64 | +11.6% |
| 2011 | 0.2358 new registrations per 1,000 people ages 15-64 | +8.7% |
| 2012 | 0.2475 new registrations per 1,000 people ages 15-64 | +4.9% |
| 2013 | 0.2479 new registrations per 1,000 people ages 15-64 | +0.2% |
| 2014 | 0.2395 new registrations per 1,000 people ages 15-64 | -3.4% |
| 2015 | 0.2554 new registrations per 1,000 people ages 15-64 | +6.6% |
| 2016 | 0.2828 new registrations per 1,000 people ages 15-64 | +10.7% |
| 2017 | 0.324 new registrations per 1,000 people ages 15-64 | +14.6% |
| 2018 | 0.3726 new registrations per 1,000 people ages 15-64 | +15.0% |
| 2019 | 0.4094 new registrations per 1,000 people ages 15-64 | +9.9% |
| 2020 | 0.4215 new registrations per 1,000 people ages 15-64 | +3.0% |
| 2021 | 0.4783 new registrations per 1,000 people ages 15-64 | +13.5% |
| 2022 | 0.5186 new registrations per 1,000 people ages 15-64 | +8.4% |
| 2023 | 0.5098 new registrations per 1,000 people ages 15-64 | -1.7% |
| 2024 | 0.4975 new registrations per 1,000 people ages 15-64 | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1926 new registrations per 1,000 people ages 15-64 | 0.1389 new registrations per 1,000 people ages 15-64 | 0.2331 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 0.2832 new registrations per 1,000 people ages 15-64 | 0.2169 new registrations per 1,000 people ages 15-64 | 0.4094 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 0.4852 new registrations per 1,000 people ages 15-64 | 0.4215 new registrations per 1,000 people ages 15-64 | 0.5186 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Lower middle income
- 35 Sweden 7.08 new registrations per 1,000 people ages 15-64 compare
- 36 Latvia 7.02 new registrations per 1,000 people ages 15-64 compare
- 37 Denmark 6.85 new registrations per 1,000 people ages 15-64 compare
- 38 France 6.82 new registrations per 1,000 people ages 15-64 compare
- 39 Qatar 6.77 new registrations per 1,000 people ages 15-64 compare
- 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
More private sector data for Lower middle income
- Merchandise trade 35.7% (2025)
- Food imports 9.8% (2024)
- Manufactures imports 51.4% (2024)
- Merchandise imports 1.56 trillion current US$ (2025)
- Food exports 14.8% (2024)
- Manufactures exports 50.0% (2024)
- Merchandise exports 1.06 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 358.3 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1444 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 5.93 % change on previous year (2025)
Frequently asked questions
- What is new business density in Lower middle income?
- New business density in Lower middle income was 0.4975 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 Lower middle income?
- The highest recorded value was 0.5186 new registrations per 1,000 people ages 15-64 in 2022.
- What is the lowest new business density recorded in Lower middle income?
- The lowest recorded value was 0.1389 new registrations per 1,000 people ages 15-64 in 2006.
- How does Lower middle income rank for new business density?
- Lower middle income ranks 38th out of 45 groups with data for 2024.
- Is new business density rising or falling in Lower middle income?
- Over the last ten years it is up 107.7%. The long-run trend across the full record is rising.
- Where does this Lower 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.