New business density in Uganda
Uganda: New business density was 1.08 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
1.08 new registrations per 1,000 people ages 15-64
Change on year
up 3.7%
World rank
125th
of 176 countries
All-time high
1.23 new registrations per 1,000 people ages 15-64
in 2016
All-time low
0.5175 new registrations per 1,000 people ages 15-64
in 2006
Years of data
19
2006–2024
New business density in Uganda, 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 Uganda stood at 1.08 new registrations per 1,000 people ages 15-64.
The figure is up 3.7% on the previous year and up 24.4% over ten years.
Over the whole period, new business density in Uganda peaked at 1.23 new registrations per 1,000 people ages 15-64 in 2016 and was at its lowest, 0.5175 new registrations per 1,000 people ages 15-64, in 2006.
That places Uganda 125th out of 176 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 Uganda, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.5175 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.5273 new registrations per 1,000 people ages 15-64 | +1.9% |
| 2008 | 0.5711 new registrations per 1,000 people ages 15-64 | +8.3% |
| 2009 | 0.6254 new registrations per 1,000 people ages 15-64 | +9.5% |
| 2010 | 0.6685 new registrations per 1,000 people ages 15-64 | +6.9% |
| 2011 | 0.9032 new registrations per 1,000 people ages 15-64 | +35.1% |
| 2012 | 0.5694 new registrations per 1,000 people ages 15-64 | -37.0% |
| 2013 | 0.9186 new registrations per 1,000 people ages 15-64 | +61.3% |
| 2014 | 0.8683 new registrations per 1,000 people ages 15-64 | -5.5% |
| 2015 | 0.8579 new registrations per 1,000 people ages 15-64 | -1.2% |
| 2016 | 1.23 new registrations per 1,000 people ages 15-64 | +43.4% |
| 2017 | 0.9566 new registrations per 1,000 people ages 15-64 | -22.2% |
| 2018 | 1.07 new registrations per 1,000 people ages 15-64 | +12.2% |
| 2019 | 1.08 new registrations per 1,000 people ages 15-64 | +0.3% |
| 2020 | 0.9744 new registrations per 1,000 people ages 15-64 | -9.4% |
| 2021 | 0.8612 new registrations per 1,000 people ages 15-64 | -11.6% |
| 2022 | 0.7489 new registrations per 1,000 people ages 15-64 | -13.0% |
| 2023 | 1.04 new registrations per 1,000 people ages 15-64 | +39.2% |
| 2024 | 1.08 new registrations per 1,000 people ages 15-64 | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.5603 new registrations per 1,000 people ages 15-64 | 0.5175 new registrations per 1,000 people ages 15-64 | 0.6254 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 0.9122 new registrations per 1,000 people ages 15-64 | 0.5694 new registrations per 1,000 people ages 15-64 | 1.23 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 0.9415 new registrations per 1,000 people ages 15-64 | 0.7489 new registrations per 1,000 people ages 15-64 | 1.08 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Uganda
- 122 Tuvalu 1.13 new registrations per 1,000 people ages 15-64 compare
- 123 Nigeria 1.12 new registrations per 1,000 people ages 15-64 compare
- 124 Solomon Islands 1.09 new registrations per 1,000 people ages 15-64 compare
- 126 Saint Lucia 1.06 new registrations per 1,000 people ages 15-64 compare
- 127 Togo 1.04 new registrations per 1,000 people ages 15-64 compare
- 128 Guatemala 1.02 new registrations per 1,000 people ages 15-64 compare
More private sector data for Uganda
- Merchandise trade 49.9% (2025)
- Food imports 10.7% (2024)
- Manufactures imports 47.3% (2024)
- Merchandise imports 18.40 billion current US$ (2025)
- Food exports 39.3% (2024)
- Manufactures exports 14.3% (2024)
- Merchandise exports 12.50 billion current US$ (2025)
- Merchandise exports (current US$), per capita 243.26 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2017 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 55.49 % change on previous year (2025)
Frequently asked questions
- What is new business density in Uganda?
- New business density in Uganda was 1.08 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 Uganda?
- The highest recorded value was 1.23 new registrations per 1,000 people ages 15-64 in 2016.
- What is the lowest new business density recorded in Uganda?
- The lowest recorded value was 0.5175 new registrations per 1,000 people ages 15-64 in 2006.
- How does Uganda rank for new business density?
- Uganda ranks 125th out of 176 countries with data for 2024.
- Is new business density rising or falling in Uganda?
- Over the last ten years it is up 24.4%. The long-run trend across the full record is rising.
- Where does this Uganda 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.
Download this data
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.