New businesses registered in Isle of Man
Isle of Man: New businesses registered was 1,770 number in 2024. ▼ Falling
New businesses registered in Isle of Man, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
The most recent figure for new businesses registered in Isle of Man is 1,770 number, measured in 2024.
The figure is down 1.6% on the previous year and down 15.4% over ten years.
Over the whole period, new businesses registered in Isle of Man peaked at 4,164 number in 2008 and was at its lowest, 1,543 number, in 2019.
That places Isle of Man 140th out of 176 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
New businesses registered in Isle of Man, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 3,694 number | — |
| 2007 | 4,112 number | +11.3% |
| 2008 | 4,164 number | +1.3% |
| 2009 | 2,136 number | -48.7% |
| 2010 | 2,480 number | +16.1% |
| 2011 | 2,265 number | -8.7% |
| 2012 | 2,019 number | -10.9% |
| 2013 | 2,202 number | +9.1% |
| 2014 | 2,092 number | -5.0% |
| 2015 | 1,960 number | -6.3% |
| 2016 | 1,832 number | -6.5% |
| 2017 | 2,218 number | +21.1% |
| 2018 | 1,672 number | -24.6% |
| 2019 | 1,543 number | -7.7% |
| 2020 | 1,628 number | +5.5% |
| 2021 | 1,727 number | +6.1% |
| 2022 | 1,680 number | -2.7% |
| 2023 | 1,798 number | +7.0% |
| 2024 | 1,770 number | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3,526 number | 2,136 number | 4,164 number | 4 |
| 2010s | 2,028 number | 1,543 number | 2,480 number | 10 |
| 2020s | 1,721 number | 1,628 number | 1,798 number | 5 |
Countries ranked near Isle of Man
More private sector data for Isle of Man
- New business density 33.58 new registrations per 1,000 people ages 15-64 (2024)
Frequently asked questions
- What is new businesses registered in Isle of Man?
- New businesses registered in Isle of Man was 1,770 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Isle of Man?
- The highest recorded value was 4,164 number in 2008.
- What is the lowest new businesses registered recorded in Isle of Man?
- The lowest recorded value was 1,543 number in 2019.
- How does Isle of Man rank for new businesses registered?
- Isle of Man ranks 140th out of 176 countries with data for 2024.
- Is new businesses registered rising or falling in Isle of Man?
- Over the last ten years it is down 15.4%. The long-run trend across the full record is falling.
- Where does this Isle of Man 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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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.