New business density in United States Virgin Islands
United States Virgin Islands: New business density was 19.96 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
19.96 new registrations per 1,000 people ages 15-64
Change on year
down 14.3%
World rank
6th
of 177 countries
All-time high
24.42 new registrations per 1,000 people ages 15-64
in 2021
All-time low
17.12 new registrations per 1,000 people ages 15-64
in 2019
Years of data
6
2019–2024
New business density in United States Virgin Islands, 2019–2024
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 United States Virgin Islands is 19.96 new registrations per 1,000 people ages 15-64, measured in 2024.
That represents a change of down 14.3% on the previous year and up 16.6% over ten years.
That places United States Virgin Islands 6th out of 177 countries with data for 2024, putting it in the top 10%.
New business density in United States Virgin Islands, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2019 | 17.12 new registrations per 1,000 people ages 15-64 | — |
| 2020 | 17.41 new registrations per 1,000 people ages 15-64 | +1.7% |
| 2021 | 24.42 new registrations per 1,000 people ages 15-64 | +40.2% |
| 2022 | 23.64 new registrations per 1,000 people ages 15-64 | -3.2% |
| 2023 | 23.3 new registrations per 1,000 people ages 15-64 | -1.4% |
| 2024 | 19.96 new registrations per 1,000 people ages 15-64 | -14.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 17.12 new registrations per 1,000 people ages 15-64 | 17.12 new registrations per 1,000 people ages 15-64 | 17.12 new registrations per 1,000 people ages 15-64 | 1 |
| 2020s | 21.75 new registrations per 1,000 people ages 15-64 | 17.41 new registrations per 1,000 people ages 15-64 | 24.42 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near United States Virgin Islands
- 3 Hong Kong, China 28.85 new registrations per 1,000 people ages 15-64 compare
- 4 Estonia 26.76 new registrations per 1,000 people ages 15-64 compare
- 5 Cape Verde 21.76 new registrations per 1,000 people ages 15-64 compare
- 7 Luxembourg 19.61 new registrations per 1,000 people ages 15-64 compare
- 8 United Kingdom of Great Britain and Northern Ireland 19.19 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
More private sector data for United States Virgin Islands
- Food imports 11.3% (1978)
- Manufactures imports 24.1% (1978)
- Food exports 0.2% (1978)
- Manufactures exports 8.3% (1978)
- New businesses registered 1,267 number (2024)
- International tourism, number of arrivals 8.61 million (2020)
- International tourism, receipts 686.00 million current US$ (2020)
Frequently asked questions
- What is new business density in United States Virgin Islands?
- New business density in United States Virgin Islands was 19.96 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 States Virgin Islands?
- The highest recorded value was 24.42 new registrations per 1,000 people ages 15-64 in 2021.
- What is the lowest new business density recorded in United States Virgin Islands?
- The lowest recorded value was 17.12 new registrations per 1,000 people ages 15-64 in 2019.
- How does United States Virgin Islands rank for new business density?
- United States Virgin Islands ranks 6th out of 177 countries with data for 2024.
- Is new business density rising or falling in United States Virgin Islands?
- Over the last ten years it is up 16.6%. The long-run trend across the full record is rising.
- Where does this United States Virgin Islands 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.