New businesses registered (number) in Benin
Benin: New businesses registered was 5,522 number in 2024. ◆ Volatile
New businesses registered in Benin, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
In 2024, new businesses registered in Benin stood at 5,522 number.
Compared with earlier readings it is down 8.6% on the previous year and up 265.2% over ten years.
Over the whole period, new businesses registered in Benin peaked at 6,043 number in 2023 and was at its lowest, 132 number, in 2006.
That places Benin 112th out of 177 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
New businesses registered in Benin, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 132 number | — |
| 2007 | 172 number | +30.3% |
| 2008 | 175 number | +1.7% |
| 2009 | 206 number | +17.7% |
| 2010 | 199 number | -3.4% |
| 2011 | 287 number | +44.2% |
| 2012 | 767 number | +167.2% |
| 2013 | 1,060 number | +38.2% |
| 2014 | 1,512 number | +42.6% |
| 2015 | 3,110 number | +105.7% |
| 2016 | 3,201 number | +2.9% |
| 2017 | 3,377 number | +5.5% |
| 2018 | 3,315 number | -1.8% |
| 2019 | 3,632 number | +9.6% |
| 2020 | 4,256 number | +17.2% |
| 2021 | 5,985 number | +40.6% |
| 2022 | 5,560 number | -7.1% |
| 2023 | 6,043 number | +8.7% |
| 2024 | 5,522 number | -8.6% |
Benin compared with similar countries
- Benin's 5,522 number is below the median for lower middle income countries, which is 5,646 number, 98% of the median. (42 countries reporting)
- Benin's 5,522 number is above the median for Sub-Saharan Africa, which is 5,522 number, 1.0× the median. (43 countries reporting)
Biggest year-on-year movements
Years where New businesses registered in Benin changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | +167.2% | 287 number | 767 number |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 171.25 number | 132 number | 206 number | 4 |
| 2010s | 2,046 number | 199 number | 3,632 number | 10 |
| 2020s | 5,473 number | 4,256 number | 6,043 number | 5 |
Countries ranked near Benin
More private sector data for Benin
- Merchandise trade 36.4% (2025)
- Food imports 33.3% (2024)
- Manufactures imports 50.1% (2024)
- Merchandise imports 4.95 billion current US$ (2025)
- Food exports 39.7% (2024)
- Manufactures exports 7.4% (2024)
- Merchandise exports 3.99 billion current US$ (2025)
- Merchandise exports (current US$), per capita 269.2 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1623 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -0.8946 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Benin?
- New businesses registered in Benin was 5,522 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Benin?
- The highest recorded value was 6,043 number in 2023.
- What is the lowest new businesses registered recorded in Benin?
- The lowest recorded value was 132 number in 2006.
- How does Benin rank for new businesses registered?
- Benin ranks 112th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Benin?
- Over the last ten years it is up 265.2%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New businesses registered (number). 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
New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.