New business density in Saint Kitts and Nevis
Saint Kitts and Nevis: New business density was 18.72 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
18.72 new registrations per 1,000 people ages 15-64
Change on year
down 34.6%
World rank
9th
of 177 countries
All-time high
28.63 new registrations per 1,000 people ages 15-64
in 2023
All-time low
5.99 new registrations per 1,000 people ages 15-64
in 2011
Years of data
19
2006–2024
New business density in Saint Kitts and Nevis, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Saint Kitts and Nevis recorded 18.72 new registrations per 1,000 people ages 15-64 for new business density in 2024.
Compared with earlier readings it is down 34.6% on the previous year and up 182.0% over ten years.
Over the whole period, new business density in Saint Kitts and Nevis peaked at 28.63 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 5.99 new registrations per 1,000 people ages 15-64, in 2011.
That places Saint Kitts and Nevis 9th out of 177 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Saint Kitts and Nevis, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 12.63 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 10.71 new registrations per 1,000 people ages 15-64 | -15.2% |
| 2008 | 11.71 new registrations per 1,000 people ages 15-64 | +9.3% |
| 2009 | 8.81 new registrations per 1,000 people ages 15-64 | -24.8% |
| 2010 | 9.36 new registrations per 1,000 people ages 15-64 | +6.3% |
| 2011 | 5.99 new registrations per 1,000 people ages 15-64 | -36.0% |
| 2012 | 6.08 new registrations per 1,000 people ages 15-64 | +1.5% |
| 2013 | 6.86 new registrations per 1,000 people ages 15-64 | +13.0% |
| 2014 | 6.64 new registrations per 1,000 people ages 15-64 | -3.3% |
| 2015 | 6.19 new registrations per 1,000 people ages 15-64 | -6.7% |
| 2016 | 22.56 new registrations per 1,000 people ages 15-64 | +264.4% |
| 2017 | 19.19 new registrations per 1,000 people ages 15-64 | -14.9% |
| 2018 | 19.05 new registrations per 1,000 people ages 15-64 | -0.7% |
| 2019 | 13.45 new registrations per 1,000 people ages 15-64 | -29.4% |
| 2020 | 14.83 new registrations per 1,000 people ages 15-64 | +10.3% |
| 2021 | 21.35 new registrations per 1,000 people ages 15-64 | +44.0% |
| 2022 | 21.92 new registrations per 1,000 people ages 15-64 | +2.7% |
| 2023 | 28.63 new registrations per 1,000 people ages 15-64 | +30.6% |
| 2024 | 18.72 new registrations per 1,000 people ages 15-64 | -34.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.97 new registrations per 1,000 people ages 15-64 | 8.81 new registrations per 1,000 people ages 15-64 | 12.63 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 11.54 new registrations per 1,000 people ages 15-64 | 5.99 new registrations per 1,000 people ages 15-64 | 22.56 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 21.09 new registrations per 1,000 people ages 15-64 | 14.83 new registrations per 1,000 people ages 15-64 | 28.63 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Saint Kitts and Nevis
- 6 United States Virgin Islands 19.96 new registrations per 1,000 people ages 15-64 compare
- 7 Luxembourg 19.61 new registrations per 1,000 people ages 15-64 compare
- 8 United Kingdom of Great Britain and Northern Ireland 19.19 new registrations per 1,000 people ages 15-64 compare
- 10 Australia 18.06 new registrations per 1,000 people ages 15-64 compare
- 11 Montenegro 17.86 new registrations per 1,000 people ages 15-64 compare
- 12 New Zealand 16.05 new registrations per 1,000 people ages 15-64 compare
More private sector data for Saint Kitts and Nevis
- Merchandise trade 37.5% (2025)
- Food imports 25.4% (2017)
- Manufactures imports 71.1% (2017)
- Merchandise imports 410.00 million current US$ (2025)
- Food exports 13.5% (2017)
- Manufactures exports 86.4% (2017)
- Merchandise exports 34.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 724.61 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0287 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 9.68 % change on previous year (2025)
Frequently asked questions
- What is new business density in Saint Kitts and Nevis?
- New business density in Saint Kitts and Nevis was 18.72 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 Saint Kitts and Nevis?
- The highest recorded value was 28.63 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in Saint Kitts and Nevis?
- The lowest recorded value was 5.99 new registrations per 1,000 people ages 15-64 in 2011.
- How does Saint Kitts and Nevis rank for new business density?
- Saint Kitts and Nevis ranks 9th out of 177 countries with data for 2024.
- Is new business density rising or falling in Saint Kitts and Nevis?
- Over the last ten years it is up 182.0%. The long-run trend across the full record is rising.
- Where does this Saint Kitts and Nevis 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.