New businesses registered (number) in Guinea
Guinea: New businesses registered was 5,626 number in 2024. ◆ Volatile
New businesses registered in Guinea, 2014–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
Guinea recorded 5,626 number for new businesses registered in 2024.
That represents a change of down 42.0% on the previous year and up 610.4% over ten years.
Over the whole period, new businesses registered in Guinea peaked at 9,706 number in 2023 and was at its lowest, 792 number, in 2014.
Guinea ranks 111th 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 Guinea, year by year
| Year | number | Change |
|---|---|---|
| 2014 | 792 number | — |
| 2015 | 1,427 number | +80.2% |
| 2016 | 1,852 number | +29.8% |
| 2017 | 2,346 number | +26.7% |
| 2018 | 2,811 number | +19.8% |
| 2019 | 3,287 number | +16.9% |
| 2020 | 3,277 number | -0.3% |
| 2021 | 4,477 number | +36.6% |
| 2022 | 4,755 number | +6.2% |
| 2023 | 9,706 number | +104.1% |
| 2024 | 5,626 number | -42.0% |
Guinea compared with similar countries
- Guinea's 5,626 number is below the median for lower middle income countries, which is 5,646 number, 100% of the median. (42 countries reporting)
- Guinea's 5,626 number is above the median for Sub-Saharan Africa, which is 5,522 number, 1.0× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2,086 number | 792 number | 3,287 number | 6 |
| 2020s | 5,568 number | 3,277 number | 9,706 number | 5 |
Countries ranked near Guinea
More private sector data for Guinea
- Merchandise trade 82.7% (2025)
- Food imports 26.6% (2016)
- Manufactures imports 58.5% (2016)
- Merchandise imports 8.34 billion current US$ (2025)
- Food exports 4.3% (2016)
- Manufactures exports 3.7% (2016)
- Merchandise exports 15.10 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,000 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.5328 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 53.34 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Guinea?
- New businesses registered in Guinea was 5,626 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Guinea?
- The highest recorded value was 9,706 number in 2023.
- What is the lowest new businesses registered recorded in Guinea?
- The lowest recorded value was 792 number in 2014.
- How does Guinea rank for new businesses registered?
- Guinea ranks 111th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Guinea?
- Over the last ten years it is up 610.4%. The long-run trend across the full record is volatile.
- Where does this Guinea 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.