New business density (new registrations per 1,000 people ages 15-64) in Singapore
Singapore: New business density (new registrations per 1,000 people ages 15-64) was 11.59 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
11.59 new registrations per 1,000 people ages 15-64
Change on year
up 1.2%
World rank
20th
of 177 countries
All-time high
11.59 new registrations per 1,000 people ages 15-64
in 2024
All-time low
5.83 new registrations per 1,000 people ages 15-64
in 2006
Years of data
19
2006–2024
New business density in Singapore, 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 Singapore is 11.59 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 1.2% on the previous year and up 30.0% over ten years.
Over the whole period, new business density in Singapore peaked at 11.59 new registrations per 1,000 people ages 15-64 in 2024 and was at its lowest, 5.83 new registrations per 1,000 people ages 15-64, in 2006.
That places Singapore 20th out of 177 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
New business density (new registrations per 1,000 people ages 15-64) in Singapore, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 5.83 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 6.75 new registrations per 1,000 people ages 15-64 | +15.7% |
| 2008 | 6.26 new registrations per 1,000 people ages 15-64 | -7.3% |
| 2009 | 6.21 new registrations per 1,000 people ages 15-64 | -0.7% |
| 2010 | 6.89 new registrations per 1,000 people ages 15-64 | +11.0% |
| 2011 | 7.29 new registrations per 1,000 people ages 15-64 | +5.8% |
| 2012 | 7.53 new registrations per 1,000 people ages 15-64 | +3.2% |
| 2013 | 8.18 new registrations per 1,000 people ages 15-64 | +8.6% |
| 2014 | 8.92 new registrations per 1,000 people ages 15-64 | +9.0% |
| 2015 | 7.86 new registrations per 1,000 people ages 15-64 | -11.8% |
| 2016 | 8 new registrations per 1,000 people ages 15-64 | +1.8% |
| 2017 | 8.53 new registrations per 1,000 people ages 15-64 | +6.6% |
| 2018 | 9.89 new registrations per 1,000 people ages 15-64 | +15.9% |
| 2019 | 9.99 new registrations per 1,000 people ages 15-64 | +1.0% |
| 2020 | 9.78 new registrations per 1,000 people ages 15-64 | -2.1% |
| 2021 | 11 new registrations per 1,000 people ages 15-64 | +12.5% |
| 2022 | 10.98 new registrations per 1,000 people ages 15-64 | -0.2% |
| 2023 | 11.46 new registrations per 1,000 people ages 15-64 | +4.4% |
| 2024 | 11.59 new registrations per 1,000 people ages 15-64 | +1.2% |
Singapore compared with similar countries
- Singapore's 11.59 new registrations per 1,000 people ages 15-64 is above the median for high income countries, which is 5.68 new registrations per 1,000 people ages 15-64, 2.0× the median. (63 countries reporting)
- Singapore's 11.59 new registrations per 1,000 people ages 15-64 is above the median for East Asia & Pacific, which is 1.67 new registrations per 1,000 people ages 15-64, 7.0× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.26 new registrations per 1,000 people ages 15-64 | 5.83 new registrations per 1,000 people ages 15-64 | 6.75 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 8.31 new registrations per 1,000 people ages 15-64 | 6.89 new registrations per 1,000 people ages 15-64 | 9.99 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 10.96 new registrations per 1,000 people ages 15-64 | 9.78 new registrations per 1,000 people ages 15-64 | 11.59 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Singapore
- 17 Mauritius 13.98 new registrations per 1,000 people ages 15-64 compare
- 18 Botswana 13.33 new registrations per 1,000 people ages 15-64 compare
- 19 Belize 13.01 new registrations per 1,000 people ages 15-64 compare
- 21 South Africa 11.46 new registrations per 1,000 people ages 15-64 compare
- 22 Portugal 11 new registrations per 1,000 people ages 15-64 compare
- 23 Iceland 10.86 new registrations per 1,000 people ages 15-64 compare
More private sector data for Singapore
- Merchandise trade 177.6% (2025)
- Food imports 3.5% (2025)
- Manufactures imports 74.5% (2025)
- Merchandise imports 505.84 billion current US$ (2025)
- Commercial service imports 384.49 billion current US$ (2025)
- Food exports 2.3% (2025)
- Manufactures exports 78.2% (2025)
- Merchandise exports 566.87 billion current US$ (2025)
- Commercial service exports 421.98 billion current US$ (2025)
- Merchandise exports (current US$), per capita 92,760 current US$ per person (2025)
Frequently asked questions
- What is new business density in Singapore?
- New business density in Singapore was 11.59 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 Singapore?
- The highest recorded value was 11.59 new registrations per 1,000 people ages 15-64 in 2024.
- What is the lowest new business density recorded in Singapore?
- The lowest recorded value was 5.83 new registrations per 1,000 people ages 15-64 in 2006.
- How does Singapore rank for new business density?
- Singapore ranks 20th out of 177 countries with data for 2024.
- Is new business density rising or falling in Singapore?
- Over the last ten years it is up 30.0%. The long-run trend across the full record is rising.
- Where does this Singapore 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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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.