New business density in Other small states
Other small states: New business density was 9.64 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
9.64 new registrations per 1,000 people ages 15-64
Change on year
up 8.1%
Rank
5th
of 45 groups
All-time high
9.64 new registrations per 1,000 people ages 15-64
in 2024
All-time low
4.73 new registrations per 1,000 people ages 15-64
in 2009
Years of data
19
2006–2024
New business density in Other small states, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Other small states recorded 9.64 new registrations per 1,000 people ages 15-64 for new business density in 2024. That is the highest value across all 19 years on record.
The figure is up 8.1% on the previous year and up 61.8% over ten years.
Over the whole period, new business density in Other small states peaked at 9.64 new registrations per 1,000 people ages 15-64 in 2024 and was at its lowest, 4.73 new registrations per 1,000 people ages 15-64, in 2009.
Other small states ranks 5th of 45 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Other small states, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 7.08 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 7.72 new registrations per 1,000 people ages 15-64 | +8.9% |
| 2008 | 5.89 new registrations per 1,000 people ages 15-64 | -23.7% |
| 2009 | 4.73 new registrations per 1,000 people ages 15-64 | -19.7% |
| 2010 | 5.45 new registrations per 1,000 people ages 15-64 | +15.3% |
| 2011 | 5.74 new registrations per 1,000 people ages 15-64 | +5.3% |
| 2012 | 5.49 new registrations per 1,000 people ages 15-64 | -4.5% |
| 2013 | 5.67 new registrations per 1,000 people ages 15-64 | +3.3% |
| 2014 | 5.96 new registrations per 1,000 people ages 15-64 | +5.1% |
| 2015 | 6.19 new registrations per 1,000 people ages 15-64 | +3.9% |
| 2016 | 6.84 new registrations per 1,000 people ages 15-64 | +10.5% |
| 2017 | 6.62 new registrations per 1,000 people ages 15-64 | -3.2% |
| 2018 | 7.07 new registrations per 1,000 people ages 15-64 | +6.7% |
| 2019 | 6.82 new registrations per 1,000 people ages 15-64 | -3.6% |
| 2020 | 6.06 new registrations per 1,000 people ages 15-64 | -11.1% |
| 2021 | 7.51 new registrations per 1,000 people ages 15-64 | +24.0% |
| 2022 | 7.48 new registrations per 1,000 people ages 15-64 | -0.4% |
| 2023 | 8.92 new registrations per 1,000 people ages 15-64 | +19.3% |
| 2024 | 9.64 new registrations per 1,000 people ages 15-64 | +8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.35 new registrations per 1,000 people ages 15-64 | 4.73 new registrations per 1,000 people ages 15-64 | 7.72 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 6.18 new registrations per 1,000 people ages 15-64 | 5.45 new registrations per 1,000 people ages 15-64 | 7.07 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 7.92 new registrations per 1,000 people ages 15-64 | 6.06 new registrations per 1,000 people ages 15-64 | 9.64 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Other small states
- 2 Isle of Man 33.58 new registrations per 1,000 people ages 15-64 compare
- 3 Hong Kong, China 28.85 new registrations per 1,000 people ages 15-64 compare
- 4 Estonia 26.76 new registrations per 1,000 people ages 15-64 compare
- 5 Cape Verde 21.76 new registrations per 1,000 people ages 15-64 compare
- 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
More private sector data for Other small states
- Merchandise trade 70.8% (2025)
- Food imports 15.3% (2024)
- Manufactures imports 60.0% (2024)
- Merchandise imports 104.18 billion current US$ (2025)
- Food exports 20.5% (2024)
- Manufactures exports 44.0% (2024)
- Merchandise exports 68.50 billion current US$ (2025)
- Merchandise exports (current US$), per capita 5,255 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2996 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 5.86 % change on previous year (2025)
Frequently asked questions
- What is new business density in Other small states?
- New business density in Other small states was 9.64 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 Other small states?
- The highest recorded value was 9.64 new registrations per 1,000 people ages 15-64 in 2024.
- What is the lowest new business density recorded in Other small states?
- The lowest recorded value was 4.73 new registrations per 1,000 people ages 15-64 in 2009.
- How does Other small states rank for new business density?
- Other small states ranks 5th out of 45 groups with data for 2024.
- Is new business density rising or falling in Other small states?
- Over the last ten years it is up 61.8%. The long-run trend across the full record is rising.
- Where does this Other small states 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.