New business density in Tuvalu
Tuvalu: New business density was 1.13 new registrations per 1,000 people ages 15-64 in 2022. ▲ Rising
Latest (2022)
1.13 new registrations per 1,000 people ages 15-64
Change on year
down 40.0%
World rank
123rd
of 177 countries
All-time high
1.88 new registrations per 1,000 people ages 15-64
in 2021
All-time low
0.3116 new registrations per 1,000 people ages 15-64
in 2009
Years of data
17
2006–2022
New business density in Tuvalu, 2006–2022
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 Tuvalu is 1.13 new registrations per 1,000 people ages 15-64, measured in 2022.
The figure is down 40.0% on the previous year and up 155.4% over ten years.
Over the whole period, new business density in Tuvalu peaked at 1.88 new registrations per 1,000 people ages 15-64 in 2021 and was at its lowest, 0.3116 new registrations per 1,000 people ages 15-64, in 2009.
Tuvalu ranks 123rd of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
New business density in Tuvalu, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.6653 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.9772 new registrations per 1,000 people ages 15-64 | +46.9% |
| 2008 | 0.6368 new registrations per 1,000 people ages 15-64 | -34.8% |
| 2009 | 0.3116 new registrations per 1,000 people ages 15-64 | -51.1% |
| 2010 | 0.9152 new registrations per 1,000 people ages 15-64 | +193.7% |
| 2011 | 0.8971 new registrations per 1,000 people ages 15-64 | -2.0% |
| 2012 | 0.4416 new registrations per 1,000 people ages 15-64 | -50.8% |
| 2013 | 0.4381 new registrations per 1,000 people ages 15-64 | -0.8% |
| 2014 | 1.17 new registrations per 1,000 people ages 15-64 | +166.1% |
| 2015 | 1.6 new registrations per 1,000 people ages 15-64 | +37.4% |
| 2016 | 1.75 new registrations per 1,000 people ages 15-64 | +9.1% |
| 2017 | 0.5845 new registrations per 1,000 people ages 15-64 | -66.6% |
| 2018 | 1.04 new registrations per 1,000 people ages 15-64 | +77.1% |
| 2019 | 0.9043 new registrations per 1,000 people ages 15-64 | -12.6% |
| 2020 | 0.6143 new registrations per 1,000 people ages 15-64 | -32.1% |
| 2021 | 1.88 new registrations per 1,000 people ages 15-64 | +206.1% |
| 2022 | 1.13 new registrations per 1,000 people ages 15-64 | -40.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6477 new registrations per 1,000 people ages 15-64 | 0.3116 new registrations per 1,000 people ages 15-64 | 0.9772 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 0.973 new registrations per 1,000 people ages 15-64 | 0.4381 new registrations per 1,000 people ages 15-64 | 1.75 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 1.21 new registrations per 1,000 people ages 15-64 | 0.6143 new registrations per 1,000 people ages 15-64 | 1.88 new registrations per 1,000 people ages 15-64 | 3 |
Countries ranked near Tuvalu
- 120 Senegal 1.22 new registrations per 1,000 people ages 15-64 compare
- 121 Sri Lanka 1.19 new registrations per 1,000 people ages 15-64 compare
- 122 El Salvador 1.14 new registrations per 1,000 people ages 15-64 compare
- 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
More private sector data for Tuvalu
- Merchandise trade 47.1% (2025)
- Food imports 21.5% (2008)
- Manufactures imports 15.5% (2008)
- Merchandise imports 27.00 million current US$ (2025)
- Food exports 3.2% (2004)
- Manufactures exports 39.6% (2005)
- Merchandise exports 0 current US$ (2025)
- Merchandise exports (current US$), per capita 0 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0 current US$ per US$ of GDP (2025)
- Merchandise imports (current US$), per capita 2,844 current US$ per person (2025)
Frequently asked questions
- What is new business density in Tuvalu?
- New business density in Tuvalu was 1.13 new registrations per 1,000 people ages 15-64 in 2022, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Tuvalu?
- The highest recorded value was 1.88 new registrations per 1,000 people ages 15-64 in 2021.
- What is the lowest new business density recorded in Tuvalu?
- The lowest recorded value was 0.3116 new registrations per 1,000 people ages 15-64 in 2009.
- How does Tuvalu rank for new business density?
- Tuvalu ranks 123rd out of 177 countries with data for 2022.
- Is new business density rising or falling in Tuvalu?
- Over the last ten years it is up 155.4%. The long-run trend across the full record is rising.
- Where does this Tuvalu 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.