New business density in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: New business density was 19.19 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
New business density in United Kingdom of Great Britain and Northern Ireland, 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 United Kingdom of Great Britain and Northern Ireland stood at 19.19 new registrations per 1,000 people ages 15-64.
That represents a change of down 4.8% on the previous year and up 36.7% over ten years.
Over the whole period, new business density in United Kingdom of Great Britain and Northern Ireland peaked at 20.15 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 8.85 new registrations per 1,000 people ages 15-64, in 2009.
That places United Kingdom of Great Britain and Northern Ireland 8th out of 177 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 10.05 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 11.14 new registrations per 1,000 people ages 15-64 | +10.9% |
| 2008 | 8.86 new registrations per 1,000 people ages 15-64 | -20.5% |
| 2009 | 8.85 new registrations per 1,000 people ages 15-64 | -0.1% |
| 2010 | 9.69 new registrations per 1,000 people ages 15-64 | +9.4% |
| 2011 | 10.93 new registrations per 1,000 people ages 15-64 | +12.8% |
| 2012 | 11.85 new registrations per 1,000 people ages 15-64 | +8.5% |
| 2013 | 12.56 new registrations per 1,000 people ages 15-64 | +6.0% |
| 2014 | 14.03 new registrations per 1,000 people ages 15-64 | +11.8% |
| 2015 | 14.6 new registrations per 1,000 people ages 15-64 | +4.0% |
| 2016 | 15.77 new registrations per 1,000 people ages 15-64 | +8.0% |
| 2017 | 15 new registrations per 1,000 people ages 15-64 | -4.9% |
| 2018 | 15.75 new registrations per 1,000 people ages 15-64 | +5.0% |
| 2019 | 16.18 new registrations per 1,000 people ages 15-64 | +2.7% |
| 2020 | 18.3 new registrations per 1,000 people ages 15-64 | +13.1% |
| 2021 | 18.04 new registrations per 1,000 people ages 15-64 | -1.4% |
| 2022 | 18.43 new registrations per 1,000 people ages 15-64 | +2.1% |
| 2023 | 20.15 new registrations per 1,000 people ages 15-64 | +9.4% |
| 2024 | 19.19 new registrations per 1,000 people ages 15-64 | -4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.73 new registrations per 1,000 people ages 15-64 | 8.85 new registrations per 1,000 people ages 15-64 | 11.14 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 13.64 new registrations per 1,000 people ages 15-64 | 9.69 new registrations per 1,000 people ages 15-64 | 16.18 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 18.82 new registrations per 1,000 people ages 15-64 | 18.04 new registrations per 1,000 people ages 15-64 | 20.15 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
- 5 Cape Verde 21.76 new registrations per 1,000 people ages 15-64 compare
- 6 United States Virgin Islands 19.96 new registrations per 1,000 people ages 15-64 compare
- 7 Luxembourg 19.61 new registrations per 1,000 people ages 15-64 compare
- 9 Saint Kitts and Nevis 18.72 new registrations per 1,000 people ages 15-64 compare
- 10 Australia 18.06 new registrations per 1,000 people ages 15-64 compare
- 11 Montenegro 17.86 new registrations per 1,000 people ages 15-64 compare
More private sector data for United Kingdom of Great Britain and Northern Ireland
- Merchandise trade 37.6% (2025)
- Food imports 9.8% (2025)
- Manufactures imports 56.7% (2025)
- Merchandise imports 948.64 billion current US$ (2025)
- Food exports 6.7% (2025)
- Manufactures exports 59.3% (2025)
- Merchandise exports 555.83 billion current US$ (2025)
- Merchandise exports (current US$), per capita 7,999 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1389 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.02 % change on previous year (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is new business density in United Kingdom of Great Britain and Northern Ireland?
- New business density in United Kingdom of Great Britain and Northern Ireland was 19.19 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 United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 20.15 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 8.85 new registrations per 1,000 people ages 15-64 in 2009.
- How does United Kingdom of Great Britain and Northern Ireland rank for new business density?
- United Kingdom of Great Britain and Northern Ireland ranks 8th out of 177 countries with data for 2024.
- Is new business density rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is up 36.7%. The long-run trend across the full record is rising.
- Where does this United Kingdom of Great Britain and Northern Ireland 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.