New business density in Tonga
Tonga: New business density was 0.6965 new registrations per 1,000 people ages 15-64 in 2024. ◆ Volatile
Latest (2024)
0.6965 new registrations per 1,000 people ages 15-64
Change on year
up 31.5%
World rank
139th
of 176 countries
All-time high
2.41 new registrations per 1,000 people ages 15-64
in 2007
All-time low
0.3432 new registrations per 1,000 people ages 15-64
in 2020
Years of data
19
2006–2024
New business density in Tonga, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Tonga stood at 0.6965 new registrations per 1,000 people ages 15-64.
That represents a change of up 31.5% on the previous year and down 34.8% over ten years.
Over the whole period, new business density in Tonga peaked at 2.41 new registrations per 1,000 people ages 15-64 in 2007 and was at its lowest, 0.3432 new registrations per 1,000 people ages 15-64, in 2020.
Tonga ranks 139th of 176 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
New business density in Tonga, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 1.8 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 2.41 new registrations per 1,000 people ages 15-64 | +33.9% |
| 2008 | 1.71 new registrations per 1,000 people ages 15-64 | -28.9% |
| 2009 | 1.74 new registrations per 1,000 people ages 15-64 | +1.4% |
| 2010 | 2.28 new registrations per 1,000 people ages 15-64 | +31.7% |
| 2011 | 1.9 new registrations per 1,000 people ages 15-64 | -16.8% |
| 2012 | 1.88 new registrations per 1,000 people ages 15-64 | -0.9% |
| 2013 | 1.84 new registrations per 1,000 people ages 15-64 | -2.4% |
| 2014 | 1.07 new registrations per 1,000 people ages 15-64 | -41.8% |
| 2015 | 1.17 new registrations per 1,000 people ages 15-64 | +9.4% |
| 2016 | 1.58 new registrations per 1,000 people ages 15-64 | +35.5% |
| 2017 | 0.5442 new registrations per 1,000 people ages 15-64 | -65.6% |
| 2018 | 0.5916 new registrations per 1,000 people ages 15-64 | +8.7% |
| 2019 | 1.31 new registrations per 1,000 people ages 15-64 | +121.5% |
| 2020 | 0.3432 new registrations per 1,000 people ages 15-64 | -73.8% |
| 2021 | 0.5073 new registrations per 1,000 people ages 15-64 | +47.8% |
| 2022 | 0.5101 new registrations per 1,000 people ages 15-64 | +0.5% |
| 2023 | 0.5295 new registrations per 1,000 people ages 15-64 | +3.8% |
| 2024 | 0.6965 new registrations per 1,000 people ages 15-64 | +31.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.91 new registrations per 1,000 people ages 15-64 | 1.71 new registrations per 1,000 people ages 15-64 | 2.41 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 1.42 new registrations per 1,000 people ages 15-64 | 0.5442 new registrations per 1,000 people ages 15-64 | 2.28 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 0.5173 new registrations per 1,000 people ages 15-64 | 0.3432 new registrations per 1,000 people ages 15-64 | 0.6965 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Tonga
- 136 Comoros 0.7646 new registrations per 1,000 people ages 15-64 compare
- 137 Sierra Leone 0.7321 new registrations per 1,000 people ages 15-64 compare
- 138 Samoa 0.7178 new registrations per 1,000 people ages 15-64 compare
- 140 Benin 0.6901 new registrations per 1,000 people ages 15-64 compare
- 141 Guinea 0.6853 new registrations per 1,000 people ages 15-64 compare
- 142 Djibouti 0.6756 new registrations per 1,000 people ages 15-64 compare
More private sector data for Tonga
- Merchandise trade 39.5% (2025)
- Food imports 27.5% (2023)
- Manufactures imports 53.8% (2023)
- Merchandise imports 255.00 million current US$ (2025)
- Food exports 30.9% (2023)
- Manufactures exports 67.5% (2023)
- Merchandise exports 13.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 125.31 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0191 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 44.44 % change on previous year (2025)
Frequently asked questions
- What is new business density in Tonga?
- New business density in Tonga was 0.6965 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 Tonga?
- The highest recorded value was 2.41 new registrations per 1,000 people ages 15-64 in 2007.
- What is the lowest new business density recorded in Tonga?
- The lowest recorded value was 0.3432 new registrations per 1,000 people ages 15-64 in 2020.
- How does Tonga rank for new business density?
- Tonga ranks 139th out of 176 countries with data for 2024.
- Is new business density rising or falling in Tonga?
- Over the last ten years it is down 34.8%. The long-run trend across the full record is volatile.
- Where does this Tonga 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.