New businesses registered in Ecuador
Ecuador: New businesses registered was 19,317 number in 2024. ◆ Volatile
New businesses registered in Ecuador, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
Ecuador recorded 19,317 number for new businesses registered in 2024.
Compared with earlier readings it is down 3.3% on the previous year and up 150.2% over ten years.
Over the whole period, new businesses registered in Ecuador peaked at 19,971 number in 2023 and was at its lowest, 3,649 number, in 2006.
Ecuador ranks 62nd of 177 countries on this measure, 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 Ecuador, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 3,649 number | — |
| 2007 | 3,786 number | +3.8% |
| 2008 | 4,442 number | +17.3% |
| 2009 | 4,377 number | -1.5% |
| 2010 | 5,471 number | +25.0% |
| 2011 | 6,158 number | +12.6% |
| 2012 | 6,676 number | +8.4% |
| 2013 | 7,344 number | +10.0% |
| 2014 | 7,720 number | +5.1% |
| 2015 | 7,399 number | -4.2% |
| 2016 | 6,574 number | -11.2% |
| 2017 | 7,564 number | +15.1% |
| 2018 | 8,319 number | +10.0% |
| 2019 | 9,430 number | +13.4% |
| 2020 | 10,304 number | +9.3% |
| 2021 | 15,587 number | +51.3% |
| 2022 | 18,665 number | +19.7% |
| 2023 | 19,971 number | +7.0% |
| 2024 | 19,317 number | -3.3% |
Ecuador compared with similar countries
- Ecuador's 19,317 number is above the median for upper middle income countries, which is 8,806 number, 2.2× the median. (52 countries reporting)
- Ecuador's 19,317 number is above the median for Latin America & Caribbean, which is 5,128 number, 3.8× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4,064 number | 3,649 number | 4,442 number | 4 |
| 2010s | 7,266 number | 5,471 number | 9,430 number | 10 |
| 2020s | 16,769 number | 10,304 number | 19,971 number | 5 |
Countries ranked near Ecuador
More private sector data for Ecuador
- Merchandise trade 53.6% (2025)
- Food imports 12.2% (2024)
- Manufactures imports 59.2% (2024)
- Merchandise imports 32.65 billion current US$ (2025)
- Food exports 53.7% (2024)
- Manufactures exports 4.9% (2024)
- Merchandise exports 37.15 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,031 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2851 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.93 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Ecuador?
- New businesses registered in Ecuador was 19,317 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Ecuador?
- The highest recorded value was 19,971 number in 2023.
- What is the lowest new businesses registered recorded in Ecuador?
- The lowest recorded value was 3,649 number in 2006.
- How does Ecuador rank for new businesses registered?
- Ecuador ranks 62nd out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Ecuador?
- Over the last ten years it is up 150.2%. The long-run trend across the full record is volatile.
- Where does this Ecuador 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.
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About this data
New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.