New businesses registered (number) in Guinea-Bissau
Guinea-Bissau: New businesses registered (number) was 598 number in 2024. ▲ Rising
New businesses registered in Guinea-Bissau, 2012–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
Guinea-Bissau recorded 598 number for new businesses registered in 2024.
Compared with earlier readings it is up 14.1% on the previous year and up 35.6% over ten years.
Over the whole period, new businesses registered in Guinea-Bissau peaked at 692 number in 2017 and was at its lowest, 324 number, in 2019.
That places Guinea-Bissau 153rd out of 177 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
New businesses registered (number) in Guinea-Bissau, year by year
| Year | number | Change |
|---|---|---|
| 2012 | 345 number | — |
| 2013 | 413 number | +19.7% |
| 2014 | 441 number | +6.8% |
| 2015 | 562 number | +27.4% |
| 2016 | 639 number | +13.7% |
| 2017 | 692 number | +8.3% |
| 2018 | 445 number | -35.7% |
| 2019 | 324 number | -27.2% |
| 2020 | 405 number | +25.0% |
| 2021 | 636 number | +57.0% |
| 2022 | 530 number | -16.7% |
| 2023 | 524 number | -1.1% |
| 2024 | 598 number | +14.1% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 598 number is below the median for low income countries, which is 2,741 number, 22% of the median. (19 countries reporting)
- Guinea-Bissau's 598 number is below the median for Sub-Saharan Africa, which is 5,522 number, 11% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 482.62 number | 324 number | 692 number | 8 |
| 2020s | 538.6 number | 405 number | 636 number | 5 |
Countries ranked near Guinea-Bissau
- 150 Suriname 1,147 number compare
- 151 Tajikistan 831 number compare
- 152 Saint Kitts and Nevis 619 number compare
- 154 Palestine 525 number compare
- 155 Djibouti 521 number compare
- 156 Solomon Islands 444 number compare
More private sector data for Guinea-Bissau
- Merchandise trade 31.7% (2025)
- Food imports 41.7% (2018)
- Manufactures imports 38.6% (2018)
- Merchandise imports 489.00 million current US$ (2025)
- Food exports 68.5% (2018)
- Manufactures exports 0.0% (2015)
- Merchandise exports 313.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 139.14 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1238 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 36.68 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Guinea-Bissau?
- New businesses registered in Guinea-Bissau was 598 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Guinea-Bissau?
- The highest recorded value was 692 number in 2017.
- What is the lowest new businesses registered recorded in Guinea-Bissau?
- The lowest recorded value was 324 number in 2019.
- How does Guinea-Bissau rank for new businesses registered?
- Guinea-Bissau ranks 153rd out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Guinea-Bissau?
- Over the last ten years it is up 35.6%. The long-run trend across the full record is rising.
- Where does this Guinea-Bissau 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.