New business density in South Asia
South Asia: New business density was 0.1641 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
0.1641 new registrations per 1,000 people ages 15-64
Change on year
up 2.5%
Rank
44th
of 45 groups
All-time high
0.1846 new registrations per 1,000 people ages 15-64
in 2022
All-time low
0.0755 new registrations per 1,000 people ages 15-64
in 2006
Years of data
19
2006–2024
New business density in South Asia, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
South Asia recorded 0.1641 new registrations per 1,000 people ages 15-64 for new business density in 2024.
Compared with earlier readings it is up 2.5% on the previous year and up 67.2% over ten years.
Over the whole period, new business density in South Asia peaked at 0.1846 new registrations per 1,000 people ages 15-64 in 2022 and was at its lowest, 0.0755 new registrations per 1,000 people ages 15-64, in 2006.
That places South Asia 44th out of 45 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in South Asia, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.0755 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.0935 new registrations per 1,000 people ages 15-64 | +23.8% |
| 2008 | 0.1065 new registrations per 1,000 people ages 15-64 | +14.0% |
| 2009 | 0.0931 new registrations per 1,000 people ages 15-64 | -12.6% |
| 2010 | 0.1221 new registrations per 1,000 people ages 15-64 | +31.1% |
| 2011 | 0.1345 new registrations per 1,000 people ages 15-64 | +10.1% |
| 2012 | 0.1369 new registrations per 1,000 people ages 15-64 | +1.8% |
| 2013 | 0.1184 new registrations per 1,000 people ages 15-64 | -13.5% |
| 2014 | 0.0981 new registrations per 1,000 people ages 15-64 | -17.1% |
| 2015 | 0.1091 new registrations per 1,000 people ages 15-64 | +11.2% |
| 2016 | 0.1251 new registrations per 1,000 people ages 15-64 | +14.6% |
| 2017 | 0.1398 new registrations per 1,000 people ages 15-64 | +11.8% |
| 2018 | 0.1526 new registrations per 1,000 people ages 15-64 | +9.1% |
| 2019 | 0.1495 new registrations per 1,000 people ages 15-64 | -2.0% |
| 2020 | 0.167 new registrations per 1,000 people ages 15-64 | +11.7% |
| 2021 | 0.1836 new registrations per 1,000 people ages 15-64 | +9.9% |
| 2022 | 0.1846 new registrations per 1,000 people ages 15-64 | +0.5% |
| 2023 | 0.16 new registrations per 1,000 people ages 15-64 | -13.3% |
| 2024 | 0.1641 new registrations per 1,000 people ages 15-64 | +2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0922 new registrations per 1,000 people ages 15-64 | 0.0755 new registrations per 1,000 people ages 15-64 | 0.1065 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 0.1286 new registrations per 1,000 people ages 15-64 | 0.0981 new registrations per 1,000 people ages 15-64 | 0.1526 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 0.1719 new registrations per 1,000 people ages 15-64 | 0.16 new registrations per 1,000 people ages 15-64 | 0.1846 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near South Asia
- 41 Brazil 6.67 new registrations per 1,000 people ages 15-64 compare
- 42 Ireland 6.65 new registrations per 1,000 people ages 15-64 compare
- 43 Costa Rica 6.31 new registrations per 1,000 people ages 15-64 compare
- 44 Bahrain 6.16 new registrations per 1,000 people ages 15-64 compare
- 45 Finland 5.97 new registrations per 1,000 people ages 15-64 compare
- 46 Slovakia 5.68 new registrations per 1,000 people ages 15-64 compare
- 47 Saudi Arabia 5.46 new registrations per 1,000 people ages 15-64 compare
More private sector data for South Asia
- Merchandise trade 30.0% (2025)
- Food imports 5.6% (2024)
- Manufactures imports 47.1% (2024)
- Merchandise imports 864.53 billion current US$ (2025)
- Food exports 11.8% (2024)
- Manufactures exports 67.0% (2024)
- Merchandise exports 510.58 billion current US$ (2025)
- Merchandise exports (current US$), per capita 301.72 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1115 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 1.04 % change on previous year (2025)
Frequently asked questions
- What is new business density in South Asia?
- New business density in South Asia was 0.1641 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 South Asia?
- The highest recorded value was 0.1846 new registrations per 1,000 people ages 15-64 in 2022.
- What is the lowest new business density recorded in South Asia?
- The lowest recorded value was 0.0755 new registrations per 1,000 people ages 15-64 in 2006.
- How does South Asia rank for new business density?
- South Asia ranks 44th out of 45 groups with data for 2024.
- Is new business density rising or falling in South Asia?
- Over the last ten years it is up 67.2%. The long-run trend across the full record is rising.
- Where does this South Asia 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.