New businesses registered (number) in Jamaica
Jamaica: New businesses registered was 5,393 number in 2024. ▲ Rising
New businesses registered in Jamaica, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
The most recent figure for new businesses registered in Jamaica is 5,393 number, measured in 2024.
The figure is up 0.9% on the previous year and up 203.8% over ten years.
Over the whole period, new businesses registered in Jamaica peaked at 5,485 number in 2022 and was at its lowest, 1,775 number, in 2014.
That places Jamaica 113th out of 177 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
New businesses registered in Jamaica, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 1,963 number | — |
| 2007 | 2,028 number | +3.3% |
| 2008 | 2,137 number | +5.4% |
| 2009 | 2,058 number | -3.7% |
| 2010 | 2,020 number | -1.8% |
| 2011 | 1,898 number | -6.0% |
| 2012 | 1,946 number | +2.5% |
| 2013 | 1,948 number | +0.1% |
| 2014 | 1,775 number | -8.9% |
| 2015 | 2,226 number | +25.4% |
| 2016 | 2,543 number | +14.2% |
| 2017 | 2,733 number | +7.5% |
| 2018 | 3,159 number | +15.6% |
| 2019 | 3,820 number | +20.9% |
| 2020 | 3,975 number | +4.1% |
| 2021 | 4,915 number | +23.6% |
| 2022 | 5,485 number | +11.6% |
| 2023 | 5,346 number | -2.5% |
| 2024 | 5,393 number | +0.9% |
Jamaica compared with similar countries
- Jamaica's 5,393 number is below the median for upper middle income countries, which is 8,806 number, 61% of the median. (52 countries reporting)
- Jamaica's 5,393 number is above the median for Latin America & Caribbean, which is 5,128 number, 1.1× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,046 number | 1,963 number | 2,137 number | 4 |
| 2010s | 2,407 number | 1,775 number | 3,820 number | 10 |
| 2020s | 5,023 number | 3,975 number | 5,485 number | 5 |
Countries ranked near Jamaica
More private sector data for Jamaica
- Merchandise trade 41.3% (2025)
- Food imports 20.5% (2023)
- Manufactures imports 51.4% (2023)
- Merchandise imports 7.68 billion current US$ (2025)
- Food exports 30.4% (2023)
- Manufactures exports 3.0% (2023)
- Merchandise exports 1.69 billion current US$ (2025)
- Merchandise exports (current US$), per capita 595.33 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0744 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -9.53 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Jamaica?
- New businesses registered in Jamaica was 5,393 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Jamaica?
- The highest recorded value was 5,485 number in 2022.
- What is the lowest new businesses registered recorded in Jamaica?
- The lowest recorded value was 1,775 number in 2014.
- How does Jamaica rank for new businesses registered?
- Jamaica ranks 113th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Jamaica?
- Over the last ten years it is up 203.8%. The long-run trend across the full record is rising.
- Where does this Jamaica 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 — 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.