New business density (new registrations per 1,000 people ages 15-64) in Uruguay
Uruguay: New business density (new registrations per 1,000 people ages 15-64) was 3.23 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
3.23 new registrations per 1,000 people ages 15-64
Change on year
up 4.6%
World rank
69th
of 177 countries
All-time high
3.69 new registrations per 1,000 people ages 15-64
in 2012
All-time low
1.5 new registrations per 1,000 people ages 15-64
in 2019
Years of data
19
2006–2024
New business density in Uruguay, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Uruguay recorded 3.23 new registrations per 1,000 people ages 15-64 for new business density in 2024.
Compared with earlier readings it is up 4.6% on the previous year and up 12.1% over ten years.
Over the whole period, new business density in Uruguay peaked at 3.69 new registrations per 1,000 people ages 15-64 in 2012 and was at its lowest, 1.5 new registrations per 1,000 people ages 15-64, in 2019.
Uruguay ranks 69th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
New business density (new registrations per 1,000 people ages 15-64) in Uruguay, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 1.99 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 2.27 new registrations per 1,000 people ages 15-64 | +14.3% |
| 2008 | 2.1 new registrations per 1,000 people ages 15-64 | -7.8% |
| 2009 | 1.53 new registrations per 1,000 people ages 15-64 | -27.2% |
| 2010 | 2.1 new registrations per 1,000 people ages 15-64 | +37.5% |
| 2011 | 2.35 new registrations per 1,000 people ages 15-64 | +12.0% |
| 2012 | 3.69 new registrations per 1,000 people ages 15-64 | +57.1% |
| 2013 | 2.83 new registrations per 1,000 people ages 15-64 | -23.3% |
| 2014 | 2.88 new registrations per 1,000 people ages 15-64 | +1.9% |
| 2015 | 1.51 new registrations per 1,000 people ages 15-64 | -47.8% |
| 2016 | 1.79 new registrations per 1,000 people ages 15-64 | +19.1% |
| 2017 | 1.85 new registrations per 1,000 people ages 15-64 | +3.3% |
| 2018 | 1.52 new registrations per 1,000 people ages 15-64 | -18.0% |
| 2019 | 1.5 new registrations per 1,000 people ages 15-64 | -1.1% |
| 2020 | 2.29 new registrations per 1,000 people ages 15-64 | +52.7% |
| 2021 | 2.66 new registrations per 1,000 people ages 15-64 | +15.9% |
| 2022 | 3.16 new registrations per 1,000 people ages 15-64 | +18.9% |
| 2023 | 3.09 new registrations per 1,000 people ages 15-64 | -2.2% |
| 2024 | 3.23 new registrations per 1,000 people ages 15-64 | +4.6% |
Uruguay compared with similar countries
- Uruguay's 3.23 new registrations per 1,000 people ages 15-64 is below the median for high income countries, which is 5.68 new registrations per 1,000 people ages 15-64, 57% of the median. (63 countries reporting)
- Uruguay's 3.23 new registrations per 1,000 people ages 15-64 is above the median for Latin America & Caribbean, which is 3.07 new registrations per 1,000 people ages 15-64, 1.1× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.97 new registrations per 1,000 people ages 15-64 | 1.53 new registrations per 1,000 people ages 15-64 | 2.27 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 2.2 new registrations per 1,000 people ages 15-64 | 1.5 new registrations per 1,000 people ages 15-64 | 3.69 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 2.89 new registrations per 1,000 people ages 15-64 | 2.29 new registrations per 1,000 people ages 15-64 | 3.23 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Uruguay
- 66 South Korea 3.51 new registrations per 1,000 people ages 15-64 compare
- 67 Netherlands 3.41 new registrations per 1,000 people ages 15-64 compare
- 68 Kazakhstan 3.35 new registrations per 1,000 people ages 15-64 compare
- 70 Switzerland 3.13 new registrations per 1,000 people ages 15-64 compare
- 71 Italy 3.09 new registrations per 1,000 people ages 15-64 compare
- 72 Israel 2.92 new registrations per 1,000 people ages 15-64 compare
More private sector data for Uruguay
- Merchandise trade 28.3% (2025)
- Food imports 14.1% (2024)
- Manufactures imports 69.6% (2024)
- Merchandise imports 12.95 billion current US$ (2025)
- Commercial service imports 5.91 billion current US$ (2025)
- Food exports 65.3% (2024)
- Manufactures exports 18.9% (2024)
- Merchandise exports 11.23 billion current US$ (2025)
- Commercial service exports 7.32 billion current US$ (2025)
- Merchandise exports (current US$), per capita 3,318 current US$ per person (2025)
Frequently asked questions
- What is new business density in Uruguay?
- New business density in Uruguay was 3.23 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 Uruguay?
- The highest recorded value was 3.69 new registrations per 1,000 people ages 15-64 in 2012.
- What is the lowest new business density recorded in Uruguay?
- The lowest recorded value was 1.5 new registrations per 1,000 people ages 15-64 in 2019.
- How does Uruguay rank for new business density?
- Uruguay ranks 69th out of 177 countries with data for 2024.
- Is new business density rising or falling in Uruguay?
- Over the last ten years it is up 12.1%. The long-run trend across the full record is rising.
- Where does this Uruguay 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.