New business density (new registrations per 1,000 people ages 15-64) in Rwanda
Rwanda: New business density (new registrations per 1,000 people ages 15-64) was 2.72 new registrations per 1,000 people ages 15-64 in 2024. ◆ Volatile
New business density in Rwanda, 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 Rwanda is 2.72 new registrations per 1,000 people ages 15-64, measured in 2024. That is the highest value across all 19 years on record.
The figure is up 20.1% on the previous year and up 72.0% over ten years.
Over the whole period, new business density in Rwanda peaked at 2.72 new registrations per 1,000 people ages 15-64 in 2024 and was at its lowest, 0.0488 new registrations per 1,000 people ages 15-64, in 2006.
That places Rwanda 78th out of 177 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
New business density (new registrations per 1,000 people ages 15-64) in Rwanda, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.0488 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.0603 new registrations per 1,000 people ages 15-64 | +23.7% |
| 2008 | 0.0804 new registrations per 1,000 people ages 15-64 | +33.3% |
| 2009 | 0.2382 new registrations per 1,000 people ages 15-64 | +196.3% |
| 2010 | 0.6434 new registrations per 1,000 people ages 15-64 | +170.1% |
| 2011 | 1.04 new registrations per 1,000 people ages 15-64 | +61.2% |
| 2012 | 1.42 new registrations per 1,000 people ages 15-64 | +37.0% |
| 2013 | 1.51 new registrations per 1,000 people ages 15-64 | +6.2% |
| 2014 | 1.58 new registrations per 1,000 people ages 15-64 | +4.7% |
| 2015 | 1.52 new registrations per 1,000 people ages 15-64 | -3.8% |
| 2016 | 1.51 new registrations per 1,000 people ages 15-64 | -0.6% |
| 2017 | 1.46 new registrations per 1,000 people ages 15-64 | -3.6% |
| 2018 | 1.49 new registrations per 1,000 people ages 15-64 | +2.5% |
| 2019 | 1.72 new registrations per 1,000 people ages 15-64 | +15.6% |
| 2020 | 2.15 new registrations per 1,000 people ages 15-64 | +24.6% |
| 2021 | 2.26 new registrations per 1,000 people ages 15-64 | +5.2% |
| 2022 | 2.32 new registrations per 1,000 people ages 15-64 | +2.6% |
| 2023 | 2.26 new registrations per 1,000 people ages 15-64 | -2.5% |
| 2024 | 2.72 new registrations per 1,000 people ages 15-64 | +20.1% |
Rwanda compared with similar countries
- Rwanda's 2.72 new registrations per 1,000 people ages 15-64 is above the median for low income countries, which is 0.2515 new registrations per 1,000 people ages 15-64, 10.8× the median. (19 countries reporting)
- Rwanda's 2.72 new registrations per 1,000 people ages 15-64 is above the median for Sub-Saharan Africa, which is 1.04 new registrations per 1,000 people ages 15-64, 2.6× the median. (43 countries reporting)
Biggest year-on-year movements
Years where New business density (new registrations per 1,000 people ages 15-64) in Rwanda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +196.3% | 0.0804 new registrations per 1,000 people ages 15-64 | 0.2382 new registrations per 1,000 people ages 15-64 |
| 2010 | +170.1% | 0.2382 new registrations per 1,000 people ages 15-64 | 0.6434 new registrations per 1,000 people ages 15-64 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1069 new registrations per 1,000 people ages 15-64 | 0.0488 new registrations per 1,000 people ages 15-64 | 0.2382 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 1.39 new registrations per 1,000 people ages 15-64 | 0.6434 new registrations per 1,000 people ages 15-64 | 1.72 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 2.34 new registrations per 1,000 people ages 15-64 | 2.15 new registrations per 1,000 people ages 15-64 | 2.72 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Rwanda
- 75 Suriname 2.77 new registrations per 1,000 people ages 15-64 compare
- 76 Zimbabwe 2.77 new registrations per 1,000 people ages 15-64 compare
- 77 Grenada 2.74 new registrations per 1,000 people ages 15-64 compare
- 79 Fiji 2.7 new registrations per 1,000 people ages 15-64 compare
- 80 Morocco 2.66 new registrations per 1,000 people ages 15-64 compare
- 81 Slovenia 2.62 new registrations per 1,000 people ages 15-64 compare
More private sector data for Rwanda
- Merchandise trade 45.9% (2025)
- Food imports 22.4% (2022)
- Manufactures imports 50.0% (2022)
- Merchandise imports 5.07 billion current US$ (2025)
- Commercial service imports 965.12 million current US$ (2024)
- Food exports 27.2% (2022)
- Manufactures exports 10.4% (2022)
- Merchandise exports 2.45 billion current US$ (2025)
- Commercial service exports 857.32 million current US$ (2024)
- Merchandise exports (current US$), per capita 168.16 current US$ per person (2025)
Frequently asked questions
- What is new business density in Rwanda?
- New business density in Rwanda was 2.72 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 Rwanda?
- The highest recorded value was 2.72 new registrations per 1,000 people ages 15-64 in 2024.
- What is the lowest new business density recorded in Rwanda?
- The lowest recorded value was 0.0488 new registrations per 1,000 people ages 15-64 in 2006.
- How does Rwanda rank for new business density?
- Rwanda ranks 78th out of 177 countries with data for 2024.
- Is new business density rising or falling in Rwanda?
- Over the last ten years it is up 72.0%. The long-run trend across the full record is volatile.
- Where does this Rwanda 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.