New business density in Maldives
Maldives: New business density was 4.85 new registrations per 1,000 people ages 15-64 in 2023. ▼ Falling
New business density in Maldives, 2006–2023
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Maldives recorded 4.85 new registrations per 1,000 people ages 15-64 for new business density in 2023. That is the highest value across all 18 years on record.
The figure is up 18.0% on the previous year and up 93.9% over ten years.
Over the whole period, new business density in Maldives peaked at 4.85 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 2.5 new registrations per 1,000 people ages 15-64, in 2013.
That places Maldives 54th out of 177 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
New business density in Maldives, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 4.52 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 4.75 new registrations per 1,000 people ages 15-64 | +5.1% |
| 2008 | 4.73 new registrations per 1,000 people ages 15-64 | -0.4% |
| 2009 | 3.73 new registrations per 1,000 people ages 15-64 | -21.3% |
| 2010 | 2.99 new registrations per 1,000 people ages 15-64 | -19.7% |
| 2011 | 3.11 new registrations per 1,000 people ages 15-64 | +3.9% |
| 2012 | 2.77 new registrations per 1,000 people ages 15-64 | -11.1% |
| 2013 | 2.5 new registrations per 1,000 people ages 15-64 | -9.6% |
| 2014 | 3.55 new registrations per 1,000 people ages 15-64 | +42.0% |
| 2015 | 3.8 new registrations per 1,000 people ages 15-64 | +7.0% |
| 2016 | 3.86 new registrations per 1,000 people ages 15-64 | +1.5% |
| 2017 | 3.74 new registrations per 1,000 people ages 15-64 | -3.1% |
| 2018 | 3.12 new registrations per 1,000 people ages 15-64 | -16.7% |
| 2019 | 3.54 new registrations per 1,000 people ages 15-64 | +13.5% |
| 2020 | 3.07 new registrations per 1,000 people ages 15-64 | -13.3% |
| 2021 | 3.55 new registrations per 1,000 people ages 15-64 | +15.8% |
| 2022 | 4.11 new registrations per 1,000 people ages 15-64 | +15.8% |
| 2023 | 4.85 new registrations per 1,000 people ages 15-64 | +18.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.43 new registrations per 1,000 people ages 15-64 | 3.73 new registrations per 1,000 people ages 15-64 | 4.75 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 3.3 new registrations per 1,000 people ages 15-64 | 2.5 new registrations per 1,000 people ages 15-64 | 3.86 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 3.89 new registrations per 1,000 people ages 15-64 | 3.07 new registrations per 1,000 people ages 15-64 | 4.85 new registrations per 1,000 people ages 15-64 | 4 |
Countries ranked near Maldives
- 51 Canada 5.17 new registrations per 1,000 people ages 15-64 compare
- 52 Peru 4.9 new registrations per 1,000 people ages 15-64 compare
- 53 Republic of Moldova 4.89 new registrations per 1,000 people ages 15-64 compare
- 55 Saint Vincent and the Grenadines 4.66 new registrations per 1,000 people ages 15-64 compare
- 56 Panama 4.52 new registrations per 1,000 people ages 15-64 compare
- 57 Trinidad and Tobago 4.49 new registrations per 1,000 people ages 15-64 compare
More private sector data for Maldives
- Merchandise trade 52.5% (2025)
- Food imports 21.2% (2024)
- Manufactures imports 53.7% (2024)
- Merchandise imports 3.62 billion current US$ (2025)
- Food exports 94.4% (2024)
- Manufactures exports 1.2% (2024)
- Merchandise exports 444.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 838.25 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0574 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 15.93 % change on previous year (2025)
Frequently asked questions
- What is new business density in Maldives?
- New business density in Maldives was 4.85 new registrations per 1,000 people ages 15-64 in 2023, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Maldives?
- The highest recorded value was 4.85 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in Maldives?
- The lowest recorded value was 2.5 new registrations per 1,000 people ages 15-64 in 2013.
- How does Maldives rank for new business density?
- Maldives ranks 54th out of 177 countries with data for 2023.
- Is new business density rising or falling in Maldives?
- Over the last ten years it is up 93.9%. The long-run trend across the full record is falling.
- Where does this Maldives 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.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.