New businesses registered (number) in Philippines
Philippines: New businesses registered was 39,146 number in 2024. ▲ Rising
New businesses registered in Philippines, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
Philippines recorded 39,146 number for new businesses registered in 2024. That is the highest value across all 19 years on record.
The figure is up 7.8% on the previous year and up 85.8% over ten years.
Over the whole period, new businesses registered in Philippines peaked at 39,146 number in 2024 and was at its lowest, 11,435 number, in 2009.
That places Philippines 41st out of 177 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
New businesses registered in Philippines, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 13,325 number | — |
| 2007 | 12,285 number | -7.8% |
| 2008 | 13,470 number | +9.6% |
| 2009 | 11,435 number | -15.1% |
| 2010 | 11,714 number | +2.4% |
| 2011 | 17,495 number | +49.4% |
| 2012 | 18,515 number | +5.8% |
| 2013 | 20,231 number | +9.3% |
| 2014 | 21,066 number | +4.1% |
| 2015 | 21,453 number | +1.8% |
| 2016 | 22,412 number | +4.5% |
| 2017 | 24,379 number | +8.8% |
| 2018 | 20,092 number | -17.6% |
| 2019 | 21,835 number | +8.7% |
| 2020 | 15,161 number | -30.6% |
| 2021 | 27,032 number | +78.3% |
| 2022 | 30,507 number | +12.9% |
| 2023 | 36,329 number | +19.1% |
| 2024 | 39,146 number | +7.8% |
Philippines compared with similar countries
- Philippines's 39,146 number is above the median for upper middle income countries, which is 8,806 number, 4.4× the median. (52 countries reporting)
- Philippines's 39,146 number is above the median for East Asia & Pacific, which is 16,144 number, 2.4× the median. (26 countries reporting)
Biggest year-on-year movements
Years where New businesses registered in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +78.3% | 15,161 number | 27,032 number |
| 2011 | +49.4% | 11,714 number | 17,495 number |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12,629 number | 11,435 number | 13,470 number | 4 |
| 2010s | 19,919 number | 11,714 number | 24,379 number | 10 |
| 2020s | 29,635 number | 15,161 number | 39,146 number | 5 |
Countries ranked near Philippines
More private sector data for Philippines
- Merchandise trade 46.2% (2025)
- Food imports 15.0% (2024)
- Manufactures imports 65.2% (2024)
- Merchandise imports 141.20 billion current US$ (2025)
- Food exports 10.4% (2024)
- Manufactures exports 77.2% (2024)
- Merchandise exports 83.72 billion current US$ (2025)
- Merchandise exports (current US$), per capita 716.89 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1719 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 14.71 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Philippines?
- New businesses registered in Philippines was 39,146 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Philippines?
- The highest recorded value was 39,146 number in 2024.
- What is the lowest new businesses registered recorded in Philippines?
- The lowest recorded value was 11,435 number in 2009.
- How does Philippines rank for new businesses registered?
- Philippines ranks 41st out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Philippines?
- Over the last ten years it is up 85.8%. The long-run trend across the full record is rising.
- Where does this Philippines 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.