New business density in Madagascar
Madagascar: New business density was 0.1204 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
New business density in Madagascar, 2014–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
The most recent figure for new business density in Madagascar is 0.1204 new registrations per 1,000 people ages 15-64, measured in 2024.
The figure is up 2.1% on the previous year and up 5.1% over ten years.
Over the whole period, new business density in Madagascar peaked at 0.128 new registrations per 1,000 people ages 15-64 in 2019 and was at its lowest, 0.098 new registrations per 1,000 people ages 15-64, in 2020.
Madagascar ranks 166th of 176 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
New business density in Madagascar, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2014 | 0.1145 new registrations per 1,000 people ages 15-64 | — |
| 2015 | 0.1017 new registrations per 1,000 people ages 15-64 | -11.2% |
| 2016 | 0.0982 new registrations per 1,000 people ages 15-64 | -3.5% |
| 2017 | 0.117 new registrations per 1,000 people ages 15-64 | +19.1% |
| 2018 | 0.1127 new registrations per 1,000 people ages 15-64 | -3.6% |
| 2019 | 0.128 new registrations per 1,000 people ages 15-64 | +13.6% |
| 2020 | 0.098 new registrations per 1,000 people ages 15-64 | -23.4% |
| 2021 | 0.1052 new registrations per 1,000 people ages 15-64 | +7.3% |
| 2022 | 0.1114 new registrations per 1,000 people ages 15-64 | +6.0% |
| 2023 | 0.1179 new registrations per 1,000 people ages 15-64 | +5.8% |
| 2024 | 0.1204 new registrations per 1,000 people ages 15-64 | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.112 new registrations per 1,000 people ages 15-64 | 0.0982 new registrations per 1,000 people ages 15-64 | 0.128 new registrations per 1,000 people ages 15-64 | 6 |
| 2020s | 0.1106 new registrations per 1,000 people ages 15-64 | 0.098 new registrations per 1,000 people ages 15-64 | 0.1204 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Madagascar
- 163 Palestine, State of 0.1708 new registrations per 1,000 people ages 15-64 compare
- 164 Tajikistan 0.1472 new registrations per 1,000 people ages 15-64 compare
- 165 Chad 0.1322 new registrations per 1,000 people ages 15-64 compare
- 167 Iraq 0.1168 new registrations per 1,000 people ages 15-64 compare
- 168 Democratic Republic of Congo 0.1096 new registrations per 1,000 people ages 15-64 compare
- 169 Niger 0.0998 new registrations per 1,000 people ages 15-64 compare
More private sector data for Madagascar
- Merchandise trade 39.4% (2025)
- Food imports 18.4% (2024)
- Manufactures imports 58.9% (2024)
- Merchandise imports 5.24 billion current US$ (2025)
- Food exports 30.5% (2024)
- Manufactures exports 32.3% (2024)
- Merchandise exports 2.50 billion current US$ (2025)
- Merchandise exports (current US$), per capita 76.3 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1273 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -3.25 % change on previous year (2025)
Frequently asked questions
- What is new business density in Madagascar?
- New business density in Madagascar was 0.1204 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 Madagascar?
- The highest recorded value was 0.128 new registrations per 1,000 people ages 15-64 in 2019.
- What is the lowest new business density recorded in Madagascar?
- The lowest recorded value was 0.098 new registrations per 1,000 people ages 15-64 in 2020.
- How does Madagascar rank for new business density?
- Madagascar ranks 166th out of 176 countries with data for 2024.
- Is new business density rising or falling in Madagascar?
- Over the last ten years it is up 5.1%. The long-run trend across the full record is rising.
- Where does this Madagascar 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.