New business density in Philippines
Philippines: New business density was 0.5071 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
New business density in Philippines, 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 Philippines is 0.5071 new registrations per 1,000 people ages 15-64, measured in 2024. That is the highest value across all 19 years on record.
That represents a change of up 6.1% on the previous year and up 55.7% over ten years.
Over the whole period, new business density in Philippines peaked at 0.5071 new registrations per 1,000 people ages 15-64 in 2024 and was at its lowest, 0.1992 new registrations per 1,000 people ages 15-64, in 2010.
That places Philippines 147th out of 176 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Philippines, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.2486 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.2242 new registrations per 1,000 people ages 15-64 | -9.8% |
| 2008 | 0.2404 new registrations per 1,000 people ages 15-64 | +7.2% |
| 2009 | 0.1996 new registrations per 1,000 people ages 15-64 | -17.0% |
| 2010 | 0.1992 new registrations per 1,000 people ages 15-64 | -0.2% |
| 2011 | 0.2901 new registrations per 1,000 people ages 15-64 | +45.7% |
| 2012 | 0.2995 new registrations per 1,000 people ages 15-64 | +3.2% |
| 2013 | 0.3195 new registrations per 1,000 people ages 15-64 | +6.7% |
| 2014 | 0.3257 new registrations per 1,000 people ages 15-64 | +2.0% |
| 2015 | 0.325 new registrations per 1,000 people ages 15-64 | -0.2% |
| 2016 | 0.3326 new registrations per 1,000 people ages 15-64 | +2.4% |
| 2017 | 0.3548 new registrations per 1,000 people ages 15-64 | +6.7% |
| 2018 | 0.2872 new registrations per 1,000 people ages 15-64 | -19.0% |
| 2019 | 0.3069 new registrations per 1,000 people ages 15-64 | +6.8% |
| 2020 | 0.2094 new registrations per 1,000 people ages 15-64 | -31.8% |
| 2021 | 0.3671 new registrations per 1,000 people ages 15-64 | +75.3% |
| 2022 | 0.4079 new registrations per 1,000 people ages 15-64 | +11.1% |
| 2023 | 0.4782 new registrations per 1,000 people ages 15-64 | +17.2% |
| 2024 | 0.5071 new registrations per 1,000 people ages 15-64 | +6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2282 new registrations per 1,000 people ages 15-64 | 0.1996 new registrations per 1,000 people ages 15-64 | 0.2486 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 0.304 new registrations per 1,000 people ages 15-64 | 0.1992 new registrations per 1,000 people ages 15-64 | 0.3548 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 0.3939 new registrations per 1,000 people ages 15-64 | 0.2094 new registrations per 1,000 people ages 15-64 | 0.5071 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Philippines
- 144 Ethiopia 0.6072 new registrations per 1,000 people ages 15-64 compare
- 145 Japan 0.5756 new registrations per 1,000 people ages 15-64 compare
- 146 Argentina 0.5246 new registrations per 1,000 people ages 15-64 compare
- 148 Bolivia 0.4714 new registrations per 1,000 people ages 15-64 compare
- 149 Brunei 0.4692 new registrations per 1,000 people ages 15-64 compare
- 150 Guinea-Bissau 0.4682 new registrations per 1,000 people ages 15-64 compare
More private sector data for Philippines
- Merchandise trade 46.2% (2025)
- Food imports 15.0% (2024)
- Manufactures imports 65.2% (2024)
- Merchandise imports 141.20 billion current US$ (2025)
- Food exports 10.4% (2024)
- Manufactures exports 77.2% (2024)
- Merchandise exports 83.72 billion current US$ (2025)
- Merchandise exports (current US$), per capita 716.89 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1719 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 14.71 % change on previous year (2025)
Frequently asked questions
- What is new business density in Philippines?
- New business density in Philippines was 0.5071 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 Philippines?
- The highest recorded value was 0.5071 new registrations per 1,000 people ages 15-64 in 2024.
- What is the lowest new business density recorded in Philippines?
- The lowest recorded value was 0.1992 new registrations per 1,000 people ages 15-64 in 2010.
- How does Philippines rank for new business density?
- Philippines ranks 147th out of 176 countries with data for 2024.
- Is new business density rising or falling in Philippines?
- Over the last ten years it is up 55.7%. The long-run trend across the full record is rising.
- Where does this Philippines 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.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.