New businesses registered (number) in Madagascar
Madagascar: New businesses registered (number) was 2,206 number in 2024. ▲ Rising
New businesses registered in Madagascar, 2014–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
In 2024, new businesses registered in Madagascar stood at 2,206 number. That is the highest value across all 11 years on record.
That represents a change of up 5.0% on the previous year and up 41.7% over ten years.
Over the whole period, new businesses registered in Madagascar peaked at 2,206 number in 2024 and was at its lowest, 1,424 number, in 2016.
That places Madagascar 136th 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 Madagascar, year by year
| Year | number | Change |
|---|---|---|
| 2014 | 1,557 number | — |
| 2015 | 1,429 number | -8.2% |
| 2016 | 1,424 number | -0.3% |
| 2017 | 1,749 number | +22.8% |
| 2018 | 1,737 number | -0.7% |
| 2019 | 2,032 number | +17.0% |
| 2020 | 1,602 number | -21.2% |
| 2021 | 1,769 number | +10.4% |
| 2022 | 1,929 number | +9.0% |
| 2023 | 2,100 number | +8.9% |
| 2024 | 2,206 number | +5.0% |
Madagascar compared with similar countries
- Madagascar's 2,206 number is below the median for low income countries, which is 2,741 number, 80% of the median. (19 countries reporting)
- Madagascar's 2,206 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 | 1,655 number | 1,424 number | 2,032 number | 6 |
| 2020s | 1,921 number | 1,602 number | 2,206 number | 5 |
Countries ranked near Madagascar
More private sector data for Madagascar
- Merchandise trade 39.4% (2025)
- Food imports 18.4% (2024)
- Manufactures imports 58.9% (2024)
- Merchandise imports 5.24 billion current US$ (2025)
- Food exports 30.5% (2024)
- Manufactures exports 32.3% (2024)
- Merchandise exports 2.50 billion current US$ (2025)
- Merchandise exports (current US$), per capita 76.3 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1273 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -3.25 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Madagascar?
- New businesses registered in Madagascar was 2,206 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Madagascar?
- The highest recorded value was 2,206 number in 2024.
- What is the lowest new businesses registered recorded in Madagascar?
- The lowest recorded value was 1,424 number in 2016.
- How does Madagascar rank for new businesses registered?
- Madagascar ranks 136th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Madagascar?
- Over the last ten years it is up 41.7%. The long-run trend across the full record is rising.
- Where does this Madagascar 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.