New business density in Solomon Islands
Solomon Islands: New business density was 1.09 new registrations per 1,000 people ages 15-64 in 2018. ◆ Volatile
New business density in Solomon Islands, 2006–2018
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2018, new business density in Solomon Islands stood at 1.09 new registrations per 1,000 people ages 15-64. That is the highest value across all 13 years on record.
That represents a change of up 28.3% on the previous year and up 584.4% over ten years.
Over the whole period, new business density in Solomon Islands peaked at 1.09 new registrations per 1,000 people ages 15-64 in 2018 and was at its lowest, 0.1324 new registrations per 1,000 people ages 15-64, in 2009.
Solomon Islands ranks 125th of 177 countries on this measure, 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 in Solomon Islands, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.1326 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.1699 new registrations per 1,000 people ages 15-64 | +28.1% |
| 2008 | 0.1598 new registrations per 1,000 people ages 15-64 | -6.0% |
| 2009 | 0.1324 new registrations per 1,000 people ages 15-64 | -17.1% |
| 2010 | 0.2873 new registrations per 1,000 people ages 15-64 | +117.0% |
| 2011 | 0.3149 new registrations per 1,000 people ages 15-64 | +9.6% |
| 2012 | 0.34 new registrations per 1,000 people ages 15-64 | +7.9% |
| 2013 | 0.3445 new registrations per 1,000 people ages 15-64 | +1.3% |
| 2014 | 0.3944 new registrations per 1,000 people ages 15-64 | +14.5% |
| 2015 | 0.5174 new registrations per 1,000 people ages 15-64 | +31.2% |
| 2016 | 0.5294 new registrations per 1,000 people ages 15-64 | +2.3% |
| 2017 | 0.8521 new registrations per 1,000 people ages 15-64 | +61.0% |
| 2018 | 1.09 new registrations per 1,000 people ages 15-64 | +28.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1487 new registrations per 1,000 people ages 15-64 | 0.1324 new registrations per 1,000 people ages 15-64 | 0.1699 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 0.5193 new registrations per 1,000 people ages 15-64 | 0.2873 new registrations per 1,000 people ages 15-64 | 1.09 new registrations per 1,000 people ages 15-64 | 9 |
Countries ranked near Solomon Islands
- 122 El Salvador 1.14 new registrations per 1,000 people ages 15-64 compare
- 123 Tuvalu 1.13 new registrations per 1,000 people ages 15-64 compare
- 124 Nigeria 1.12 new registrations per 1,000 people ages 15-64 compare
- 126 Uganda 1.08 new registrations per 1,000 people ages 15-64 compare
- 127 Saint Lucia 1.06 new registrations per 1,000 people ages 15-64 compare
- 128 Togo 1.04 new registrations per 1,000 people ages 15-64 compare
More private sector data for Solomon Islands
- Merchandise trade 83.8% (2025)
- Food imports 22.2% (2018)
- Manufactures imports 59.9% (2018)
- Merchandise imports 790.00 million current US$ (2025)
- Food exports 20.1% (2018)
- Manufactures exports 2.2% (2018)
- Merchandise exports 677.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 807.25 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.387 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 33.53 % change on previous year (2025)
Frequently asked questions
- What is new business density in Solomon Islands?
- New business density in Solomon Islands was 1.09 new registrations per 1,000 people ages 15-64 in 2018, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Solomon Islands?
- The highest recorded value was 1.09 new registrations per 1,000 people ages 15-64 in 2018.
- What is the lowest new business density recorded in Solomon Islands?
- The lowest recorded value was 0.1324 new registrations per 1,000 people ages 15-64 in 2009.
- How does Solomon Islands rank for new business density?
- Solomon Islands ranks 125th out of 177 countries with data for 2018.
- Is new business density rising or falling in Solomon Islands?
- Over the last ten years it is up 584.4%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands 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.