New business density in Puerto Rico
Puerto Rico: New business density was 5.33 new registrations per 1,000 people ages 15-64 in 2020. ▲ Rising
Latest (2020)
5.33 new registrations per 1,000 people ages 15-64
Change on year
up 9.3%
World rank
48th
of 177 countries
All-time high
5.33 new registrations per 1,000 people ages 15-64
in 2020
All-time low
2.08 new registrations per 1,000 people ages 15-64
in 2015
Years of data
6
2015–2020
New business density in Puerto Rico, 2015–2020
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 Puerto Rico is 5.33 new registrations per 1,000 people ages 15-64, measured in 2020. That is the highest value across all 6 years on record.
The figure is up 9.3% on the previous year and up 156.1% over ten years.
That places Puerto Rico 48th out of 177 countries with data for 2020, putting it in the middle of the range.
New business density in Puerto Rico, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2015 | 2.08 new registrations per 1,000 people ages 15-64 | — |
| 2016 | 2.45 new registrations per 1,000 people ages 15-64 | +17.7% |
| 2017 | 2.62 new registrations per 1,000 people ages 15-64 | +7.1% |
| 2018 | 4.01 new registrations per 1,000 people ages 15-64 | +52.8% |
| 2019 | 4.88 new registrations per 1,000 people ages 15-64 | +21.7% |
| 2020 | 5.33 new registrations per 1,000 people ages 15-64 | +9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.21 new registrations per 1,000 people ages 15-64 | 2.08 new registrations per 1,000 people ages 15-64 | 4.88 new registrations per 1,000 people ages 15-64 | 5 |
| 2020s | 5.33 new registrations per 1,000 people ages 15-64 | 5.33 new registrations per 1,000 people ages 15-64 | 5.33 new registrations per 1,000 people ages 15-64 | 1 |
Countries ranked near Puerto Rico
- 45 Finland 5.97 new registrations per 1,000 people ages 15-64 compare
- 46 Slovakia 5.68 new registrations per 1,000 people ages 15-64 compare
- 47 Saudi Arabia 5.46 new registrations per 1,000 people ages 15-64 compare
- 49 Belgium 5.31 new registrations per 1,000 people ages 15-64 compare
- 50 North Macedonia 5.18 new registrations per 1,000 people ages 15-64 compare
- 51 Canada 5.17 new registrations per 1,000 people ages 15-64
More private sector data for Puerto Rico
- New businesses registered 11,218 number (2020)
- International tourism, expenditures for travel items 592.00 million current US$ (2018)
- International tourism, number of arrivals 3.88 million (2020)
- International tourism, receipts 2.92 billion current US$ (2020)
- International tourism, expenditures 893.00 million current US$ (2018)
- International tourism, expenditures for passenger transport items 301.00 million current US$ (2018)
- Starting a business: Paid-in Minimum capital (% of income per capita) 100.0% (2019)
- Starting a business: Minimum capital 0.0% (2019)
- Starting a business: Cost - Women (% of income per capita) - Score 99.4% (2019)
- Starting a business: Cost - Men (% of income per capita) - Score 99.4% (2019)
Frequently asked questions
- What is new business density in Puerto Rico?
- New business density in Puerto Rico was 5.33 new registrations per 1,000 people ages 15-64 in 2020, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Puerto Rico?
- The highest recorded value was 5.33 new registrations per 1,000 people ages 15-64 in 2020.
- What is the lowest new business density recorded in Puerto Rico?
- The lowest recorded value was 2.08 new registrations per 1,000 people ages 15-64 in 2015.
- How does Puerto Rico rank for new business density?
- Puerto Rico ranks 48th out of 177 countries with data for 2020.
- Is new business density rising or falling in Puerto Rico?
- Over the last ten years it is up 156.1%. The long-run trend across the full record is rising.
- Where does this Puerto Rico 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.