New business density in Middle income
Middle income: New business density was 5.44 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
5.44 new registrations per 1,000 people ages 15-64
Change on year
down 18.8%
Rank
9th
of 45 groups
All-time high
6.69 new registrations per 1,000 people ages 15-64
in 2023
All-time low
1.76 new registrations per 1,000 people ages 15-64
in 2008
Years of data
17
2008–2024
New business density in Middle income, 2008–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Middle income stood at 5.44 new registrations per 1,000 people ages 15-64.
That represents a change of down 18.8% on the previous year and up 45.1% over ten years.
Over the whole period, new business density in Middle income peaked at 6.69 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 1.76 new registrations per 1,000 people ages 15-64, in 2008.
Middle income ranks 9th of 45 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 17 years of available data.
New business density in Middle income, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2008 | 1.76 new registrations per 1,000 people ages 15-64 | — |
| 2009 | 2.02 new registrations per 1,000 people ages 15-64 | +14.5% |
| 2010 | 2.29 new registrations per 1,000 people ages 15-64 | +13.2% |
| 2011 | 2.42 new registrations per 1,000 people ages 15-64 | +5.8% |
| 2012 | 2.42 new registrations per 1,000 people ages 15-64 | +0.3% |
| 2013 | 2.64 new registrations per 1,000 people ages 15-64 | +8.9% |
| 2014 | 3.75 new registrations per 1,000 people ages 15-64 | +41.9% |
| 2015 | 4.23 new registrations per 1,000 people ages 15-64 | +12.8% |
| 2016 | 4.74 new registrations per 1,000 people ages 15-64 | +12.1% |
| 2017 | 4.48 new registrations per 1,000 people ages 15-64 | -5.4% |
| 2018 | 4.53 new registrations per 1,000 people ages 15-64 | +1.0% |
| 2019 | 4.39 new registrations per 1,000 people ages 15-64 | -3.0% |
| 2020 | 4.6 new registrations per 1,000 people ages 15-64 | +4.7% |
| 2021 | 6.05 new registrations per 1,000 people ages 15-64 | +31.5% |
| 2022 | 5.15 new registrations per 1,000 people ages 15-64 | -14.8% |
| 2023 | 6.69 new registrations per 1,000 people ages 15-64 | +29.9% |
| 2024 | 5.44 new registrations per 1,000 people ages 15-64 | -18.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.89 new registrations per 1,000 people ages 15-64 | 1.76 new registrations per 1,000 people ages 15-64 | 2.02 new registrations per 1,000 people ages 15-64 | 2 |
| 2010s | 3.59 new registrations per 1,000 people ages 15-64 | 2.29 new registrations per 1,000 people ages 15-64 | 4.74 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 5.59 new registrations per 1,000 people ages 15-64 | 4.6 new registrations per 1,000 people ages 15-64 | 6.69 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Middle income
- 6 United States Virgin Islands 19.96 new registrations per 1,000 people ages 15-64 compare
- 7 Luxembourg 19.61 new registrations per 1,000 people ages 15-64 compare
- 8 United Kingdom of Great Britain and Northern Ireland 19.19 new registrations per 1,000 people ages 15-64 compare
- 9 Saint Kitts and Nevis 18.72 new registrations per 1,000 people ages 15-64 compare
- 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
More private sector data for Middle income
- Merchandise trade 41.5% (2025)
- Food imports 8.7% (2024)
- Manufactures imports 58.0% (2024)
- Merchandise imports 8.18 trillion current US$ (2025)
- Food exports 10.1% (2024)
- Manufactures exports 72.8% (2024)
- Merchandise exports 8.73 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 1,449 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2138 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.38 % change on previous year (2025)
Frequently asked questions
- What is new business density in Middle income?
- New business density in Middle income was 5.44 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 Middle income?
- The highest recorded value was 6.69 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in Middle income?
- The lowest recorded value was 1.76 new registrations per 1,000 people ages 15-64 in 2008.
- How does Middle income rank for new business density?
- Middle income ranks 9th out of 45 groups with data for 2024.
- Is new business density rising or falling in Middle income?
- Over the last ten years it is up 45.1%. The long-run trend across the full record is rising.
- Where does this 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.