New business density in Sierra Leone
Sierra Leone: New business density was 0.7321 new registrations per 1,000 people ages 15-64 in 2024. ◆ Volatile
Latest (2024)
0.7321 new registrations per 1,000 people ages 15-64
Change on year
down 7.6%
World rank
138th
of 177 countries
All-time high
0.7922 new registrations per 1,000 people ages 15-64
in 2023
All-time low
0.1119 new registrations per 1,000 people ages 15-64
in 2006
Years of data
19
2006–2024
New business density in Sierra Leone, 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 Sierra Leone is 0.7321 new registrations per 1,000 people ages 15-64, measured in 2024.
Compared with earlier readings it is down 7.6% on the previous year and up 303.1% over ten years.
Over the whole period, new business density in Sierra Leone peaked at 0.7922 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 0.1119 new registrations per 1,000 people ages 15-64, in 2006.
Sierra Leone ranks 138th of 177 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
New business density in Sierra Leone, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.1119 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.123 new registrations per 1,000 people ages 15-64 | +9.9% |
| 2008 | 0.177 new registrations per 1,000 people ages 15-64 | +44.0% |
| 2009 | 0.213 new registrations per 1,000 people ages 15-64 | +20.3% |
| 2010 | 0.2718 new registrations per 1,000 people ages 15-64 | +27.6% |
| 2011 | 0.2422 new registrations per 1,000 people ages 15-64 | -10.9% |
| 2012 | 0.3025 new registrations per 1,000 people ages 15-64 | +24.9% |
| 2013 | 0.2872 new registrations per 1,000 people ages 15-64 | -5.1% |
| 2014 | 0.1816 new registrations per 1,000 people ages 15-64 | -36.8% |
| 2015 | 0.2547 new registrations per 1,000 people ages 15-64 | +40.2% |
| 2016 | 0.2712 new registrations per 1,000 people ages 15-64 | +6.5% |
| 2017 | 0.346 new registrations per 1,000 people ages 15-64 | +27.6% |
| 2018 | 0.5143 new registrations per 1,000 people ages 15-64 | +48.6% |
| 2019 | 0.5284 new registrations per 1,000 people ages 15-64 | +2.7% |
| 2020 | 0.6227 new registrations per 1,000 people ages 15-64 | +17.9% |
| 2021 | 0.72 new registrations per 1,000 people ages 15-64 | +15.6% |
| 2022 | 0.6569 new registrations per 1,000 people ages 15-64 | -8.8% |
| 2023 | 0.7922 new registrations per 1,000 people ages 15-64 | +20.6% |
| 2024 | 0.7321 new registrations per 1,000 people ages 15-64 | -7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1562 new registrations per 1,000 people ages 15-64 | 0.1119 new registrations per 1,000 people ages 15-64 | 0.213 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 0.32 new registrations per 1,000 people ages 15-64 | 0.1816 new registrations per 1,000 people ages 15-64 | 0.5284 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 0.7048 new registrations per 1,000 people ages 15-64 | 0.6227 new registrations per 1,000 people ages 15-64 | 0.7922 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Sierra Leone
- 135 Algeria 0.8289 new registrations per 1,000 people ages 15-64 compare
- 136 Burkina Faso 0.768 new registrations per 1,000 people ages 15-64 compare
- 137 Comoros 0.7646 new registrations per 1,000 people ages 15-64 compare
- 139 Samoa 0.7178 new registrations per 1,000 people ages 15-64 compare
- 140 Tonga 0.6965 new registrations per 1,000 people ages 15-64 compare
- 141 Benin 0.6901 new registrations per 1,000 people ages 15-64 compare
More private sector data for Sierra Leone
- Merchandise trade 45.9% (2025)
- Food imports 32.3% (2018)
- Manufactures imports 63.9% (2018)
- Merchandise imports 1.89 billion current US$ (2025)
- Food exports 45.6% (2018)
- Manufactures exports 25.1% (2018)
- Merchandise exports 1.53 billion current US$ (2025)
- Merchandise exports (current US$), per capita 173.93 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2055 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.75 % change on previous year (2025)
Frequently asked questions
- What is new business density in Sierra Leone?
- New business density in Sierra Leone was 0.7321 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 Sierra Leone?
- The highest recorded value was 0.7922 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in Sierra Leone?
- The lowest recorded value was 0.1119 new registrations per 1,000 people ages 15-64 in 2006.
- How does Sierra Leone rank for new business density?
- Sierra Leone ranks 138th out of 177 countries with data for 2024.
- Is new business density rising or falling in Sierra Leone?
- Over the last ten years it is up 303.1%. The long-run trend across the full record is volatile.
- Where does this Sierra Leone 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.