New business density (new registrations per 1,000 people ages 15-64) in Panama
Panama: New business density (new registrations per 1,000 people ages 15-64) was 4.52 new registrations per 1,000 people ages 15-64 in 2022. ▼ Falling
Latest (2022)
4.52 new registrations per 1,000 people ages 15-64
Change on year
down 12.7%
World rank
56th
of 177 countries
All-time high
12.19 new registrations per 1,000 people ages 15-64
in 2013
All-time low
3.61 new registrations per 1,000 people ages 15-64
in 2020
Years of data
10
2013–2022
New business density in Panama, 2013–2022
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Panama recorded 4.52 new registrations per 1,000 people ages 15-64 for new business density in 2022.
The figure is down 12.7% on the previous year and down 62.9% over ten years.
Over the whole period, new business density in Panama peaked at 12.19 new registrations per 1,000 people ages 15-64 in 2013 and was at its lowest, 3.61 new registrations per 1,000 people ages 15-64, in 2020.
Panama ranks 56th of 177 countries on this measure, in the middle of the range.
New business density (new registrations per 1,000 people ages 15-64) in Panama, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2013 | 12.19 new registrations per 1,000 people ages 15-64 | — |
| 2014 | 11.69 new registrations per 1,000 people ages 15-64 | -4.1% |
| 2015 | 10.35 new registrations per 1,000 people ages 15-64 | -11.4% |
| 2016 | 7.54 new registrations per 1,000 people ages 15-64 | -27.2% |
| 2017 | 5.84 new registrations per 1,000 people ages 15-64 | -22.5% |
| 2018 | 4.87 new registrations per 1,000 people ages 15-64 | -16.7% |
| 2019 | 5.1 new registrations per 1,000 people ages 15-64 | +4.7% |
| 2020 | 3.61 new registrations per 1,000 people ages 15-64 | -29.1% |
| 2021 | 5.18 new registrations per 1,000 people ages 15-64 | +43.3% |
| 2022 | 4.52 new registrations per 1,000 people ages 15-64 | -12.7% |
Panama compared with similar countries
- Panama's 4.52 new registrations per 1,000 people ages 15-64 is below the median for high income countries, which is 5.68 new registrations per 1,000 people ages 15-64, 80% of the median. (63 countries reporting)
- Panama's 4.52 new registrations per 1,000 people ages 15-64 is above the median for Latin America & Caribbean, which is 3.07 new registrations per 1,000 people ages 15-64, 1.5× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.23 new registrations per 1,000 people ages 15-64 | 4.87 new registrations per 1,000 people ages 15-64 | 12.19 new registrations per 1,000 people ages 15-64 | 7 |
| 2020s | 4.44 new registrations per 1,000 people ages 15-64 | 3.61 new registrations per 1,000 people ages 15-64 | 5.18 new registrations per 1,000 people ages 15-64 | 3 |
Countries ranked near Panama
- 53 Moldova 4.89 new registrations per 1,000 people ages 15-64 compare
- 54 Maldives 4.85 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
- 57 Trinidad and Tobago 4.49 new registrations per 1,000 people ages 15-64 compare
- 58 Eswatini 4.39 new registrations per 1,000 people ages 15-64 compare
- 59 Czechia 4.31 new registrations per 1,000 people ages 15-64 compare
More private sector data for Panama
- Merchandise trade 41.6% (2025)
- Food imports 19.0% (2025)
- Manufactures imports 60.7% (2025)
- Merchandise imports 25.76 billion current US$ (2025)
- Commercial service imports 5.82 billion current US$ (2025)
- Food exports 49.6% (2025)
- Manufactures exports 12.6% (2025)
- Merchandise exports 11.90 billion current US$ (2025)
- Commercial service exports 20.06 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,604 current US$ per person (2025)
Frequently asked questions
- What is new business density in Panama?
- New business density in Panama was 4.52 new registrations per 1,000 people ages 15-64 in 2022, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Panama?
- The highest recorded value was 12.19 new registrations per 1,000 people ages 15-64 in 2013.
- What is the lowest new business density recorded in Panama?
- The lowest recorded value was 3.61 new registrations per 1,000 people ages 15-64 in 2020.
- How does Panama rank for new business density?
- Panama ranks 56th out of 177 countries with data for 2022.
- Is new business density rising or falling in Panama?
- Over the last ten years it is down 62.9%. The long-run trend across the full record is falling.
- Where does this Panama 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.