New business density in Saint Lucia
Saint Lucia: New business density was 1.06 new registrations per 1,000 people ages 15-64 in 2024. ▼ Falling
New business density in Saint Lucia, 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 Saint Lucia is 1.06 new registrations per 1,000 people ages 15-64, measured in 2024. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 62.6% on the previous year and down 59.1% over ten years.
Over the whole period, new business density in Saint Lucia peaked at 5.24 new registrations per 1,000 people ages 15-64 in 2007 and was at its lowest, 1.06 new registrations per 1,000 people ages 15-64, in 2024.
Saint Lucia ranks 127th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
New business density in Saint Lucia, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 4.45 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 5.24 new registrations per 1,000 people ages 15-64 | +17.9% |
| 2008 | 5.17 new registrations per 1,000 people ages 15-64 | -1.5% |
| 2009 | 5.17 new registrations per 1,000 people ages 15-64 | +0.1% |
| 2010 | 3.44 new registrations per 1,000 people ages 15-64 | -33.4% |
| 2011 | 3.2 new registrations per 1,000 people ages 15-64 | -7.1% |
| 2012 | 3.4 new registrations per 1,000 people ages 15-64 | +6.2% |
| 2013 | 2.01 new registrations per 1,000 people ages 15-64 | -40.7% |
| 2014 | 2.59 new registrations per 1,000 people ages 15-64 | +28.7% |
| 2015 | 2.7 new registrations per 1,000 people ages 15-64 | +4.2% |
| 2016 | 2.55 new registrations per 1,000 people ages 15-64 | -5.7% |
| 2017 | 2.54 new registrations per 1,000 people ages 15-64 | -0.3% |
| 2018 | 4.49 new registrations per 1,000 people ages 15-64 | +76.9% |
| 2019 | 2.53 new registrations per 1,000 people ages 15-64 | -43.6% |
| 2020 | 1.97 new registrations per 1,000 people ages 15-64 | -22.2% |
| 2021 | 2.31 new registrations per 1,000 people ages 15-64 | +17.2% |
| 2022 | 2.52 new registrations per 1,000 people ages 15-64 | +9.0% |
| 2023 | 2.84 new registrations per 1,000 people ages 15-64 | +12.8% |
| 2024 | 1.06 new registrations per 1,000 people ages 15-64 | -62.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.01 new registrations per 1,000 people ages 15-64 | 4.45 new registrations per 1,000 people ages 15-64 | 5.24 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 2.95 new registrations per 1,000 people ages 15-64 | 2.01 new registrations per 1,000 people ages 15-64 | 4.49 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 2.14 new registrations per 1,000 people ages 15-64 | 1.06 new registrations per 1,000 people ages 15-64 | 2.84 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Saint Lucia
- 124 Nigeria 1.12 new registrations per 1,000 people ages 15-64 compare
- 125 Solomon Islands 1.09 new registrations per 1,000 people ages 15-64 compare
- 126 Uganda 1.08 new registrations per 1,000 people ages 15-64 compare
- 128 Togo 1.04 new registrations per 1,000 people ages 15-64 compare
- 129 Guatemala 1.02 new registrations per 1,000 people ages 15-64 compare
- 130 Austria 0.9996 new registrations per 1,000 people ages 15-64 compare
More private sector data for Saint Lucia
- Merchandise trade 41.2% (2025)
- Food imports 27.6% (2020)
- Manufactures imports 57.0% (2020)
- Merchandise imports 1.01 billion current US$ (2025)
- Food exports 41.6% (2020)
- Manufactures exports 45.9% (2020)
- Merchandise exports 85.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 471.83 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.032 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -7.61 % change on previous year (2025)
Frequently asked questions
- What is new business density in Saint Lucia?
- New business density in Saint Lucia was 1.06 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 Lucia?
- The highest recorded value was 5.24 new registrations per 1,000 people ages 15-64 in 2007.
- What is the lowest new business density recorded in Saint Lucia?
- The lowest recorded value was 1.06 new registrations per 1,000 people ages 15-64 in 2024.
- How does Saint Lucia rank for new business density?
- Saint Lucia ranks 127th out of 177 countries with data for 2024.
- Is new business density rising or falling in Saint Lucia?
- Over the last ten years it is down 59.1%. The long-run trend across the full record is falling.
- Where does this Saint Lucia 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.