New business density in Senegal
Senegal: New business density was 1.22 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
1.22 new registrations per 1,000 people ages 15-64
Change on year
down 1.7%
World rank
119th
of 176 countries
All-time high
1.3 new registrations per 1,000 people ages 15-64
in 2021
All-time low
0.3404 new registrations per 1,000 people ages 15-64
in 2014
Years of data
19
2006–2024
New business density in Senegal, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Senegal recorded 1.22 new registrations per 1,000 people ages 15-64 for new business density in 2024.
The figure is down 1.7% on the previous year and up 258.3% over ten years.
Over the whole period, new business density in Senegal peaked at 1.3 new registrations per 1,000 people ages 15-64 in 2021 and was at its lowest, 0.3404 new registrations per 1,000 people ages 15-64, in 2014.
That places Senegal 119th out of 176 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Senegal, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.3746 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.8722 new registrations per 1,000 people ages 15-64 | +132.8% |
| 2008 | 0.6013 new registrations per 1,000 people ages 15-64 | -31.1% |
| 2009 | 0.7482 new registrations per 1,000 people ages 15-64 | +24.4% |
| 2010 | 0.5563 new registrations per 1,000 people ages 15-64 | -25.6% |
| 2011 | 0.5513 new registrations per 1,000 people ages 15-64 | -0.9% |
| 2012 | 0.5441 new registrations per 1,000 people ages 15-64 | -1.3% |
| 2013 | 0.5643 new registrations per 1,000 people ages 15-64 | +3.7% |
| 2014 | 0.3404 new registrations per 1,000 people ages 15-64 | -39.7% |
| 2015 | 0.5422 new registrations per 1,000 people ages 15-64 | +59.3% |
| 2016 | 0.8516 new registrations per 1,000 people ages 15-64 | +57.1% |
| 2017 | 0.8876 new registrations per 1,000 people ages 15-64 | +4.2% |
| 2018 | 0.9643 new registrations per 1,000 people ages 15-64 | +8.6% |
| 2019 | 0.9168 new registrations per 1,000 people ages 15-64 | -4.9% |
| 2020 | 0.9371 new registrations per 1,000 people ages 15-64 | +2.2% |
| 2021 | 1.3 new registrations per 1,000 people ages 15-64 | +38.3% |
| 2022 | 1.23 new registrations per 1,000 people ages 15-64 | -5.0% |
| 2023 | 1.24 new registrations per 1,000 people ages 15-64 | +0.8% |
| 2024 | 1.22 new registrations per 1,000 people ages 15-64 | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6491 new registrations per 1,000 people ages 15-64 | 0.3746 new registrations per 1,000 people ages 15-64 | 0.8722 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 0.6719 new registrations per 1,000 people ages 15-64 | 0.3404 new registrations per 1,000 people ages 15-64 | 0.9643 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 1.19 new registrations per 1,000 people ages 15-64 | 0.9371 new registrations per 1,000 people ages 15-64 | 1.3 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Senegal
- 116 Nepal 1.4 new registrations per 1,000 people ages 15-64 compare
- 117 Ghana 1.37 new registrations per 1,000 people ages 15-64 compare
- 118 Belarus 1.27 new registrations per 1,000 people ages 15-64 compare
- 120 Sri Lanka 1.19 new registrations per 1,000 people ages 15-64 compare
- 121 El Salvador 1.14 new registrations per 1,000 people ages 15-64 compare
- 122 Tuvalu 1.13 new registrations per 1,000 people ages 15-64 compare
More private sector data for Senegal
- Merchandise trade 60.0% (2025)
- Food imports 19.0% (2024)
- Manufactures imports 46.4% (2024)
- Merchandise imports 11.95 billion current US$ (2025)
- Food exports 21.6% (2024)
- Manufactures exports 22.3% (2024)
- Merchandise exports 10.24 billion current US$ (2025)
- Merchandise exports (current US$), per capita 541.04 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2768 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 62.33 % change on previous year (2025)
Frequently asked questions
- What is new business density in Senegal?
- New business density in Senegal was 1.22 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 Senegal?
- The highest recorded value was 1.3 new registrations per 1,000 people ages 15-64 in 2021.
- What is the lowest new business density recorded in Senegal?
- The lowest recorded value was 0.3404 new registrations per 1,000 people ages 15-64 in 2014.
- How does Senegal rank for new business density?
- Senegal ranks 119th out of 176 countries with data for 2024.
- Is new business density rising or falling in Senegal?
- Over the last ten years it is up 258.3%. The long-run trend across the full record is rising.
- Where does this Senegal 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.