New businesses registered (number) in Puerto Rico
Puerto Rico: New businesses registered was 11,218 number in 2020. ▲ Rising
New businesses registered in Puerto Rico, 2015–2020
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
The most recent figure for new businesses registered in Puerto Rico is 11,218 number, measured in 2020. That is the highest value across all 6 years on record.
Compared with earlier readings it is up 8.4% on the previous year and up 133.2% over ten years.
Puerto Rico ranks 84th of 177 countries on this measure, in the middle of the range.
New businesses registered in Puerto Rico, year by year
| Year | number | Change |
|---|---|---|
| 2015 | 4,811 number | — |
| 2016 | 5,564 number | +15.7% |
| 2017 | 5,793 number | +4.1% |
| 2018 | 8,477 number | +46.3% |
| 2019 | 10,352 number | +22.1% |
| 2020 | 11,218 number | +8.4% |
Puerto Rico compared with similar countries
- Puerto Rico's 11,218 number is below the median for high income countries, which is 19,050 number, 59% of the median. (63 countries reporting)
- Puerto Rico's 11,218 number is above the median for Latin America & Caribbean, which is 5,128 number, 2.2× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6,999 number | 4,811 number | 10,352 number | 5 |
| 2020s | 11,218 number | 11,218 number | 11,218 number | 1 |
Countries ranked near Puerto Rico
- 81 Mauritius 12,614 number compare
- 82 Namibia 12,117 number compare
- 83 Guatemala 11,909 number compare
- 85 Cayman Islands 11,197 number compare
- 86 Dominican Republic 10,204 number
- 87 Burkina Faso 10,046 number compare
More private sector data for Puerto Rico
- International tourism, expenditures for travel items 592.00 million current US$ (2018)
- International tourism, number of arrivals 3.88 million (2020)
- International tourism, receipts 2.92 billion current US$ (2020)
- International tourism, expenditures 893.00 million current US$ (2018)
- International tourism, expenditures for passenger transport items 301.00 million current US$ (2018)
- Starting a business: Paid-in Minimum capital (% of income per capita) 100.0% (2019)
- Starting a business: Minimum capital 0.0% (2019)
- Starting a business: Cost - Women (% of income per capita) - Score 99.4% (2019)
- Starting a business: Cost - Men (% of income per capita) - Score 99.4% (2019)
- Starting a business: Time - Women 5.5 days (2019)
Frequently asked questions
- What is new businesses registered in Puerto Rico?
- New businesses registered in Puerto Rico was 11,218 number in 2020, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Puerto Rico?
- The highest recorded value was 11,218 number in 2020.
- What is the lowest new businesses registered recorded in Puerto Rico?
- The lowest recorded value was 4,811 number in 2015.
- How does Puerto Rico rank for new businesses registered?
- Puerto Rico ranks 84th out of 177 countries with data for 2020.
- Is new businesses registered rising or falling in Puerto Rico?
- Over the last ten years it is up 133.2%. The long-run trend across the full record is rising.
- Where does this Puerto Rico 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.