New business density in Naoero
Naoero: New business density was 15.23 new registrations per 1,000 people ages 15-64 in 2024. ◆ Volatile
Latest (2024)
15.23 new registrations per 1,000 people ages 15-64
Change on year
up 568.3%
World rank
15th
of 177 countries
All-time high
15.3 new registrations per 1,000 people ages 15-64
in 2019
All-time low
1 new registrations per 1,000 people ages 15-64
in 2022
Years of data
6
2019–2024
New business density in Naoero, 2019–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Naoero stood at 15.23 new registrations per 1,000 people ages 15-64.
Compared with earlier readings it is up 568.3% on the previous year and down 0.5% over ten years.
That places Naoero 15th out of 177 countries with data for 2024, putting it in the top 10%.
New business density in Naoero, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2019 | 15.3 new registrations per 1,000 people ages 15-64 | — |
| 2020 | 12.62 new registrations per 1,000 people ages 15-64 | -17.5% |
| 2021 | 1.15 new registrations per 1,000 people ages 15-64 | -90.9% |
| 2022 | 1 new registrations per 1,000 people ages 15-64 | -12.8% |
| 2023 | 2.28 new registrations per 1,000 people ages 15-64 | +127.5% |
| 2024 | 15.23 new registrations per 1,000 people ages 15-64 | +568.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 15.3 new registrations per 1,000 people ages 15-64 | 15.3 new registrations per 1,000 people ages 15-64 | 15.3 new registrations per 1,000 people ages 15-64 | 1 |
| 2020s | 6.45 new registrations per 1,000 people ages 15-64 | 1 new registrations per 1,000 people ages 15-64 | 15.23 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Naoero
- 12 New Zealand 16.05 new registrations per 1,000 people ages 15-64 compare
- 13 China 15.59 new registrations per 1,000 people ages 15-64 compare
- 14 Liechtenstein 15.57 new registrations per 1,000 people ages 15-64 compare
- 16 Croatia 15.21 new registrations per 1,000 people ages 15-64 compare
- 17 Mauritius 13.98 new registrations per 1,000 people ages 15-64 compare
- 18 Botswana 13.33 new registrations per 1,000 people ages 15-64 compare
More private sector data for Naoero
- Merchandise trade 55.7% (2025)
- Merchandise imports 67.00 million current US$ (2025)
- Merchandise exports 31.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 2,578 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1761 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -8.82 % change on previous year (2025)
- Merchandise imports (current US$), per capita 5,572 current US$ per person (2025)
- Merchandise imports (current US$), per unit of GDP 0.3806 current US$ per US$ of GDP (2025)
- Merchandise imports (current US$), annual growth rate 6.35 % change on previous year (2025)
- Commercial service exports (current US$), per capita 1,366 current US$ per person (2024)
Frequently asked questions
- What is new business density in Naoero?
- New business density in Naoero was 15.23 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 Naoero?
- The highest recorded value was 15.3 new registrations per 1,000 people ages 15-64 in 2019.
- What is the lowest new business density recorded in Naoero?
- The lowest recorded value was 1 new registrations per 1,000 people ages 15-64 in 2022.
- How does Naoero rank for new business density?
- Naoero ranks 15th out of 177 countries with data for 2024.
- Is new business density rising or falling in Naoero?
- Over the last ten years it is down 0.5%. The long-run trend across the full record is volatile.
- Where does this Naoero 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.