New businesses registered (number) in Maldives
Maldives: New businesses registered (number) was 1,928 number in 2023. ▲ Rising
New businesses registered in Maldives, 2006–2023
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
In 2023, new businesses registered in Maldives stood at 1,928 number. That is the highest value across all 18 years on record.
The figure is up 18.5% on the previous year and up 167.8% over ten years.
Over the whole period, new businesses registered in Maldives peaked at 1,928 number in 2023 and was at its lowest, 720 number, in 2013.
Maldives ranks 139th of 177 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
New businesses registered (number) in Maldives, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 910 number | — |
| 2007 | 1,015 number | +11.5% |
| 2008 | 1,073 number | +5.7% |
| 2009 | 893 number | -16.8% |
| 2010 | 755 number | -15.5% |
| 2011 | 823 number | +9.0% |
| 2012 | 765 number | -7.0% |
| 2013 | 720 number | -5.9% |
| 2014 | 1,063 number | +47.6% |
| 2015 | 1,184 number | +11.4% |
| 2016 | 1,252 number | +5.7% |
| 2017 | 1,262 number | +0.8% |
| 2018 | 1,092 number | -13.5% |
| 2019 | 1,285 number | +17.7% |
| 2020 | 1,153 number | -10.3% |
| 2021 | 1,380 number | +19.7% |
| 2022 | 1,627 number | +17.9% |
| 2023 | 1,928 number | +18.5% |
Maldives compared with similar countries
- Maldives's 1,928 number is below the median for upper middle income countries, which is 8,806 number, 22% of the median. (52 countries reporting)
- Maldives's 1,928 number is below the median for South Asia, which is 12,406 number, 16% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 972.75 number | 893 number | 1,073 number | 4 |
| 2010s | 1,020 number | 720 number | 1,285 number | 10 |
| 2020s | 1,522 number | 1,153 number | 1,928 number | 4 |
Countries ranked near Maldives
- 136 Madagascar 2,206 number compare
- 137 Gambia 2,196 number compare
- 138 Lesotho 1,981 number compare
- 140 East Timor 1,911 number compare
- 141 Isle of Man 1,770 number compare
- 142 South Sudan 1,765 number compare
More private sector data for Maldives
- Merchandise trade 52.5% (2025)
- Food imports 21.2% (2024)
- Manufactures imports 53.7% (2024)
- Merchandise imports 3.62 billion current US$ (2025)
- Food exports 94.4% (2024)
- Manufactures exports 1.2% (2024)
- Merchandise exports 444.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 838.25 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0574 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 15.93 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Maldives?
- New businesses registered in Maldives was 1,928 number in 2023, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Maldives?
- The highest recorded value was 1,928 number in 2023.
- What is the lowest new businesses registered recorded in Maldives?
- The lowest recorded value was 720 number in 2013.
- How does Maldives rank for new businesses registered?
- Maldives ranks 139th out of 177 countries with data for 2023.
- Is new businesses registered rising or falling in Maldives?
- Over the last ten years it is up 167.8%. The long-run trend across the full record is rising.
- Where does this Maldives 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.