New business density in Namibia
Namibia: New business density was 6.74 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
6.74 new registrations per 1,000 people ages 15-64
Change on year
up 2.4%
World rank
39th
of 176 countries
All-time high
12.32 new registrations per 1,000 people ages 15-64
in 2016
All-time low
2.49 new registrations per 1,000 people ages 15-64
in 2006
Years of data
19
2006–2024
New business density in Namibia, 2006–2024
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 Namibia is 6.74 new registrations per 1,000 people ages 15-64, measured in 2024.
The figure is up 2.4% on the previous year and down 40.0% over ten years.
Over the whole period, new business density in Namibia peaked at 12.32 new registrations per 1,000 people ages 15-64 in 2016 and was at its lowest, 2.49 new registrations per 1,000 people ages 15-64, in 2006.
That places Namibia 39th out of 176 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Namibia, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 2.49 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 3.42 new registrations per 1,000 people ages 15-64 | +37.0% |
| 2008 | 4.95 new registrations per 1,000 people ages 15-64 | +44.9% |
| 2009 | 5.15 new registrations per 1,000 people ages 15-64 | +4.0% |
| 2010 | 5.22 new registrations per 1,000 people ages 15-64 | +1.4% |
| 2011 | 6.6 new registrations per 1,000 people ages 15-64 | +26.3% |
| 2012 | 8.88 new registrations per 1,000 people ages 15-64 | +34.6% |
| 2013 | 10.77 new registrations per 1,000 people ages 15-64 | +21.3% |
| 2014 | 11.23 new registrations per 1,000 people ages 15-64 | +4.2% |
| 2015 | 11.96 new registrations per 1,000 people ages 15-64 | +6.5% |
| 2016 | 12.32 new registrations per 1,000 people ages 15-64 | +3.0% |
| 2017 | 9.14 new registrations per 1,000 people ages 15-64 | -25.8% |
| 2018 | 8.16 new registrations per 1,000 people ages 15-64 | -10.7% |
| 2019 | 6.56 new registrations per 1,000 people ages 15-64 | -19.6% |
| 2020 | 6.02 new registrations per 1,000 people ages 15-64 | -8.2% |
| 2021 | 7.99 new registrations per 1,000 people ages 15-64 | +32.9% |
| 2022 | 7.21 new registrations per 1,000 people ages 15-64 | -9.8% |
| 2023 | 6.58 new registrations per 1,000 people ages 15-64 | -8.7% |
| 2024 | 6.74 new registrations per 1,000 people ages 15-64 | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4 new registrations per 1,000 people ages 15-64 | 2.49 new registrations per 1,000 people ages 15-64 | 5.15 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 9.08 new registrations per 1,000 people ages 15-64 | 5.22 new registrations per 1,000 people ages 15-64 | 12.32 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 6.91 new registrations per 1,000 people ages 15-64 | 6.02 new registrations per 1,000 people ages 15-64 | 7.99 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Namibia
- 36 Denmark 6.85 new registrations per 1,000 people ages 15-64 compare
- 37 France 6.82 new registrations per 1,000 people ages 15-64 compare
- 38 Qatar 6.77 new registrations per 1,000 people ages 15-64 compare
- 40 Brazil 6.67 new registrations per 1,000 people ages 15-64 compare
- 41 Ireland 6.65 new registrations per 1,000 people ages 15-64 compare
- 42 Costa Rica 6.31 new registrations per 1,000 people ages 15-64 compare
More private sector data for Namibia
- Merchandise trade 102.4% (2025)
- Food imports 13.2% (2024)
- Manufactures imports 60.4% (2024)
- Merchandise imports 8.43 billion current US$ (2025)
- Food exports 28.0% (2024)
- Manufactures exports 18.4% (2024)
- Merchandise exports 7.02 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,271 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.4658 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.33 % change on previous year (2025)
Frequently asked questions
- What is new business density in Namibia?
- New business density in Namibia was 6.74 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 Namibia?
- The highest recorded value was 12.32 new registrations per 1,000 people ages 15-64 in 2016.
- What is the lowest new business density recorded in Namibia?
- The lowest recorded value was 2.49 new registrations per 1,000 people ages 15-64 in 2006.
- How does Namibia rank for new business density?
- Namibia ranks 39th out of 176 countries with data for 2024.
- Is new business density rising or falling in Namibia?
- Over the last ten years it is down 40.0%. The long-run trend across the full record is rising.
- Where does this Namibia 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.