New business density in Thailand
Thailand: New business density was 1.75 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
New business density in Thailand, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Thailand recorded 1.75 new registrations per 1,000 people ages 15-64 for new business density in 2024. That is the highest value across all 19 years on record.
That represents a change of up 3.2% on the previous year and up 48.0% over ten years.
Over the whole period, new business density in Thailand peaked at 1.75 new registrations per 1,000 people ages 15-64 in 2024 and was at its lowest, 0.8515 new registrations per 1,000 people ages 15-64, in 2009.
That places Thailand 103rd out of 177 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Thailand, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.9988 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.8586 new registrations per 1,000 people ages 15-64 | -14.0% |
| 2008 | 0.892 new registrations per 1,000 people ages 15-64 | +3.9% |
| 2009 | 0.8515 new registrations per 1,000 people ages 15-64 | -4.5% |
| 2010 | 1.04 new registrations per 1,000 people ages 15-64 | +22.0% |
| 2011 | 1.12 new registrations per 1,000 people ages 15-64 | +8.2% |
| 2012 | 1.28 new registrations per 1,000 people ages 15-64 | +14.3% |
| 2013 | 1.34 new registrations per 1,000 people ages 15-64 | +4.7% |
| 2014 | 1.18 new registrations per 1,000 people ages 15-64 | -12.1% |
| 2015 | 1.19 new registrations per 1,000 people ages 15-64 | +0.8% |
| 2016 | 1.27 new registrations per 1,000 people ages 15-64 | +6.5% |
| 2017 | 1.47 new registrations per 1,000 people ages 15-64 | +15.6% |
| 2018 | 1.42 new registrations per 1,000 people ages 15-64 | -3.4% |
| 2019 | 1.41 new registrations per 1,000 people ages 15-64 | -0.9% |
| 2020 | 1.25 new registrations per 1,000 people ages 15-64 | -11.3% |
| 2021 | 1.44 new registrations per 1,000 people ages 15-64 | +15.4% |
| 2022 | 1.51 new registrations per 1,000 people ages 15-64 | +5.2% |
| 2023 | 1.69 new registrations per 1,000 people ages 15-64 | +12.0% |
| 2024 | 1.75 new registrations per 1,000 people ages 15-64 | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9002 new registrations per 1,000 people ages 15-64 | 0.8515 new registrations per 1,000 people ages 15-64 | 0.9988 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 1.27 new registrations per 1,000 people ages 15-64 | 1.04 new registrations per 1,000 people ages 15-64 | 1.47 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 1.53 new registrations per 1,000 people ages 15-64 | 1.25 new registrations per 1,000 people ages 15-64 | 1.75 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Thailand
- 100 Tunisia 1.82 new registrations per 1,000 people ages 15-64 compare
- 101 Oman 1.79 new registrations per 1,000 people ages 15-64 compare
- 102 Paraguay 1.76 new registrations per 1,000 people ages 15-64 compare
- 104 Kenya 1.73 new registrations per 1,000 people ages 15-64 compare
- 105 Ukraine 1.65 new registrations per 1,000 people ages 15-64 compare
- 106 Bosnia and Herzegovina 1.64 new registrations per 1,000 people ages 15-64 compare
More private sector data for Thailand
- Merchandise trade 118.6% (2025)
- Food imports 6.6% (2024)
- Manufactures imports 65.8% (2024)
- Merchandise imports 344.94 billion current US$ (2025)
- Food exports 14.7% (2024)
- Manufactures exports 72.1% (2024)
- Merchandise exports 339.63 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,742 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.5886 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 12.93 % change on previous year (2025)
Frequently asked questions
- What is new business density in Thailand?
- New business density in Thailand was 1.75 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 Thailand?
- The highest recorded value was 1.75 new registrations per 1,000 people ages 15-64 in 2024.
- What is the lowest new business density recorded in Thailand?
- The lowest recorded value was 0.8515 new registrations per 1,000 people ages 15-64 in 2009.
- How does Thailand rank for new business density?
- Thailand ranks 103rd out of 177 countries with data for 2024.
- Is new business density rising or falling in Thailand?
- Over the last ten years it is up 48.0%. The long-run trend across the full record is rising.
- Where does this Thailand 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.