New businesses registered (number) in Gambia
Gambia: New businesses registered (number) was 2,196 number in 2024. ▲ Rising
New businesses registered in Gambia, 2014–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
In 2024, new businesses registered in Gambia stood at 2,196 number.
The figure is down 10.3% on the previous year and up 40.9% over ten years.
Over the whole period, new businesses registered in Gambia peaked at 3,703 number in 2020 and was at its lowest, 1,013 number, in 2015.
That places Gambia 137th out of 177 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
New businesses registered (number) in Gambia, year by year
| Year | number | Change |
|---|---|---|
| 2014 | 1,559 number | — |
| 2015 | 1,013 number | -35.0% |
| 2016 | 1,103 number | +8.9% |
| 2017 | 1,936 number | +75.5% |
| 2018 | 2,480 number | +28.1% |
| 2019 | 1,881 number | -24.2% |
| 2020 | 3,703 number | +96.9% |
| 2021 | 3,388 number | -8.5% |
| 2022 | 2,905 number | -14.3% |
| 2023 | 2,449 number | -15.7% |
| 2024 | 2,196 number | -10.3% |
Gambia compared with similar countries
- Gambia's 2,196 number is below the median for low income countries, which is 2,741 number, 80% of the median. (19 countries reporting)
- Gambia's 2,196 number is below the median for Sub-Saharan Africa, which is 5,522 number, 40% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1,662 number | 1,013 number | 2,480 number | 6 |
| 2020s | 2,928 number | 2,196 number | 3,703 number | 5 |
Countries ranked near Gambia
- 134 Gabon 2,373 number compare
- 135 Mauritania 2,329 number compare
- 136 Madagascar 2,206 number compare
- 138 Lesotho 1,981 number compare
- 139 Maldives 1,928 number compare
- 140 East Timor 1,911 number compare
More private sector data for Gambia
- Merchandise trade 54.3% (2025)
- Food imports 22.0% (2024)
- Manufactures imports 44.7% (2024)
- Merchandise imports 894.00 million current US$ (2025)
- Food exports 90.7% (2024)
- Manufactures exports 1.0% (2024)
- Merchandise exports 514.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 182.13 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1982 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 41.6 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Gambia?
- New businesses registered in Gambia was 2,196 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Gambia?
- The highest recorded value was 3,703 number in 2020.
- What is the lowest new businesses registered recorded in Gambia?
- The lowest recorded value was 1,013 number in 2015.
- How does Gambia rank for new businesses registered?
- Gambia ranks 137th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Gambia?
- Over the last ten years it is up 40.9%. The long-run trend across the full record is rising.
- Where does this Gambia 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 — 11 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.