New business density in World
World: New business density was 5.15 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
5.15 new registrations per 1,000 people ages 15-64
Change on year
down 15.9%
Rank
12th
of 43 groups
All-time high
6.12 new registrations per 1,000 people ages 15-64
in 2023
All-time low
2.05 new registrations per 1,000 people ages 15-64
in 2008
Years of data
17
2008–2024
New business density in World, 2008–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in World stood at 5.15 new registrations per 1,000 people ages 15-64.
Compared with earlier readings it is down 15.9% on the previous year and up 41.3% over ten years.
Over the whole period, new business density in World peaked at 6.12 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 2.05 new registrations per 1,000 people ages 15-64, in 2008.
World ranks 12th of 43 groups 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 World, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2008 | 2.05 new registrations per 1,000 people ages 15-64 | — |
| 2009 | 2.15 new registrations per 1,000 people ages 15-64 | +5.3% |
| 2010 | 2.41 new registrations per 1,000 people ages 15-64 | +11.8% |
| 2011 | 2.49 new registrations per 1,000 people ages 15-64 | +3.4% |
| 2012 | 2.56 new registrations per 1,000 people ages 15-64 | +2.9% |
| 2013 | 2.75 new registrations per 1,000 people ages 15-64 | +7.2% |
| 2014 | 3.64 new registrations per 1,000 people ages 15-64 | +32.5% |
| 2015 | 4.04 new registrations per 1,000 people ages 15-64 | +11.0% |
| 2016 | 4.47 new registrations per 1,000 people ages 15-64 | +10.4% |
| 2017 | 4.25 new registrations per 1,000 people ages 15-64 | -4.9% |
| 2018 | 4.3 new registrations per 1,000 people ages 15-64 | +1.2% |
| 2019 | 4.2 new registrations per 1,000 people ages 15-64 | -2.4% |
| 2020 | 4.35 new registrations per 1,000 people ages 15-64 | +3.6% |
| 2021 | 5.63 new registrations per 1,000 people ages 15-64 | +29.4% |
| 2022 | 4.89 new registrations per 1,000 people ages 15-64 | -13.1% |
| 2023 | 6.12 new registrations per 1,000 people ages 15-64 | +25.2% |
| 2024 | 5.15 new registrations per 1,000 people ages 15-64 | -15.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.1 new registrations per 1,000 people ages 15-64 | 2.05 new registrations per 1,000 people ages 15-64 | 2.15 new registrations per 1,000 people ages 15-64 | 2 |
| 2010s | 3.51 new registrations per 1,000 people ages 15-64 | 2.41 new registrations per 1,000 people ages 15-64 | 4.47 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 5.23 new registrations per 1,000 people ages 15-64 | 4.35 new registrations per 1,000 people ages 15-64 | 6.12 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near World
- 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
- 12 New Zealand 16.05 new registrations per 1,000 people ages 15-64 compare
- 13 China 15.59 new registrations per 1,000 people ages 15-64 compare
- 14 Liechtenstein 15.57 new registrations per 1,000 people ages 15-64 compare
- 15 Nauru 15.23 new registrations per 1,000 people ages 15-64 compare
More private sector data for World
- Merchandise trade 43.9% (2025)
- Food imports 8.9% (2024)
- Manufactures imports 67.4% (2024)
- Merchandise imports 26.69 trillion current US$ (2025)
- Food exports 9.1% (2024)
- Manufactures exports 69.3% (2024)
- Merchandise exports 26.39 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 3,212 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.223 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.17 % change on previous year (2025)
Frequently asked questions
- What is new business density in World?
- New business density in World was 5.15 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 World?
- The highest recorded value was 6.12 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in World?
- The lowest recorded value was 2.05 new registrations per 1,000 people ages 15-64 in 2008.
- How does World rank for new business density?
- World ranks 12th out of 43 groups with data for 2024.
- Is new business density rising or falling in World?
- Over the last ten years it is up 41.3%. The long-run trend across the full record is rising.
- Where does this World 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
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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.