New businesses registered in Namibia
Namibia: New businesses registered was 12,117 number in 2024. ▲ Rising
New businesses registered in Namibia, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
In 2024, new businesses registered in Namibia stood at 12,117 number.
The figure is up 5.1% on the previous year and down 22.1% over ten years.
Over the whole period, new businesses registered in Namibia peaked at 17,999 number in 2016 and was at its lowest, 2,885 number, in 2006.
That places Namibia 82nd 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 Namibia, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 2,885 number | — |
| 2007 | 4,047 number | +40.3% |
| 2008 | 5,998 number | +48.2% |
| 2009 | 6,372 number | +6.2% |
| 2010 | 6,586 number | +3.4% |
| 2011 | 8,475 number | +28.7% |
| 2012 | 11,668 number | +37.7% |
| 2013 | 14,536 number | +24.6% |
| 2014 | 15,564 number | +7.1% |
| 2015 | 17,024 number | +9.4% |
| 2016 | 17,999 number | +5.7% |
| 2017 | 13,690 number | -23.9% |
| 2018 | 12,531 number | -8.5% |
| 2019 | 10,330 number | -17.6% |
| 2020 | 9,732 number | -5.8% |
| 2021 | 13,279 number | +36.4% |
| 2022 | 12,288 number | -7.5% |
| 2023 | 11,533 number | -6.1% |
| 2024 | 12,117 number | +5.1% |
Namibia compared with similar countries
- Namibia's 12,117 number is above the median for lower middle income countries, which is 5,646 number, 2.1× the median. (42 countries reporting)
- Namibia's 12,117 number is above the median for Sub-Saharan Africa, which is 5,522 number, 2.2× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4,826 number | 2,885 number | 6,372 number | 4 |
| 2010s | 12,840 number | 6,586 number | 17,999 number | 10 |
| 2020s | 11,790 number | 9,732 number | 13,279 number | 5 |
Countries ranked near Namibia
More private sector data for Namibia
- Merchandise trade 102.4% (2025)
- Food imports 13.2% (2024)
- Manufactures imports 60.4% (2024)
- Merchandise imports 8.43 billion current US$ (2025)
- Food exports 28.0% (2024)
- Manufactures exports 18.4% (2024)
- Merchandise exports 7.02 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,271 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.4658 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.33 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Namibia?
- New businesses registered in Namibia was 12,117 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Namibia?
- The highest recorded value was 17,999 number in 2016.
- What is the lowest new businesses registered recorded in Namibia?
- The lowest recorded value was 2,885 number in 2006.
- How does Namibia rank for new businesses registered?
- Namibia ranks 82nd out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Namibia?
- Over the last ten years it is down 22.1%. The long-run trend across the full record is rising.
- Where does this Namibia 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.