New business density in Trinidad and Tobago
Trinidad and Tobago: New business density was 4.49 new registrations per 1,000 people ages 15-64 in 2020. ▲ Rising
New business density in Trinidad and Tobago, 2006–2020
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Trinidad and Tobago recorded 4.49 new registrations per 1,000 people ages 15-64 for new business density in 2020.
The figure is down 3.2% on the previous year and up 28.9% over ten years.
Over the whole period, new business density in Trinidad and Tobago peaked at 5.29 new registrations per 1,000 people ages 15-64 in 2015 and was at its lowest, 2.8 new registrations per 1,000 people ages 15-64, in 2009.
That places Trinidad and Tobago 57th out of 177 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
New business density in Trinidad and Tobago, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 3.61 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 3.69 new registrations per 1,000 people ages 15-64 | +2.1% |
| 2008 | 3.61 new registrations per 1,000 people ages 15-64 | -2.1% |
| 2009 | 2.8 new registrations per 1,000 people ages 15-64 | -22.6% |
| 2010 | 3.48 new registrations per 1,000 people ages 15-64 | +24.5% |
| 2011 | 3.93 new registrations per 1,000 people ages 15-64 | +12.7% |
| 2012 | 3.53 new registrations per 1,000 people ages 15-64 | -10.2% |
| 2013 | 4.43 new registrations per 1,000 people ages 15-64 | +25.7% |
| 2014 | 4.79 new registrations per 1,000 people ages 15-64 | +8.0% |
| 2015 | 5.29 new registrations per 1,000 people ages 15-64 | +10.4% |
| 2016 | 4.45 new registrations per 1,000 people ages 15-64 | -15.8% |
| 2017 | 3.98 new registrations per 1,000 people ages 15-64 | -10.5% |
| 2018 | 4.23 new registrations per 1,000 people ages 15-64 | +6.1% |
| 2019 | 4.64 new registrations per 1,000 people ages 15-64 | +9.7% |
| 2020 | 4.49 new registrations per 1,000 people ages 15-64 | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.43 new registrations per 1,000 people ages 15-64 | 2.8 new registrations per 1,000 people ages 15-64 | 3.69 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 4.27 new registrations per 1,000 people ages 15-64 | 3.48 new registrations per 1,000 people ages 15-64 | 5.29 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 4.49 new registrations per 1,000 people ages 15-64 | 4.49 new registrations per 1,000 people ages 15-64 | 4.49 new registrations per 1,000 people ages 15-64 | 1 |
Countries ranked near Trinidad and Tobago
- 54 Maldives 4.85 new registrations per 1,000 people ages 15-64 compare
- 55 Saint Vincent and the Grenadines 4.66 new registrations per 1,000 people ages 15-64 compare
- 56 Panama 4.52 new registrations per 1,000 people ages 15-64 compare
- 58 Eswatini 4.39 new registrations per 1,000 people ages 15-64 compare
- 59 Czechia 4.31 new registrations per 1,000 people ages 15-64 compare
- 60 Seychelles 4.26 new registrations per 1,000 people ages 15-64 compare
More private sector data for Trinidad and Tobago
- Merchandise trade 48.6% (2025)
- Food imports 16.4% (2024)
- Manufactures imports 61.9% (2024)
- Merchandise imports 5.80 billion current US$ (2025)
- Food exports 8.2% (2024)
- Manufactures exports 59.1% (2024)
- Merchandise exports 6.82 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,983 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2627 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -13.71 % change on previous year (2025)
Frequently asked questions
- What is new business density in Trinidad and Tobago?
- New business density in Trinidad and Tobago was 4.49 new registrations per 1,000 people ages 15-64 in 2020, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Trinidad and Tobago?
- The highest recorded value was 5.29 new registrations per 1,000 people ages 15-64 in 2015.
- What is the lowest new business density recorded in Trinidad and Tobago?
- The lowest recorded value was 2.8 new registrations per 1,000 people ages 15-64 in 2009.
- How does Trinidad and Tobago rank for new business density?
- Trinidad and Tobago ranks 57th out of 177 countries with data for 2020.
- Is new business density rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 28.9%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago 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.