New businesses registered in Saudi Arabia
Saudi Arabia: New businesses registered was 141,067 number in 2024. ◆ Volatile
New businesses registered in Saudi Arabia, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
The most recent figure for new businesses registered in Saudi Arabia is 141,067 number, measured in 2024. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 198.8% on the previous year and up 769.5% over ten years.
Over the whole period, new businesses registered in Saudi Arabia peaked at 141,067 number in 2024 and was at its lowest, 5,294 number, in 2006.
Saudi Arabia ranks 11th of 177 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
New businesses registered in Saudi Arabia, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 5,294 number | — |
| 2007 | 6,604 number | +24.7% |
| 2008 | 7,947 number | +20.3% |
| 2009 | 7,917 number | -0.4% |
| 2010 | 9,044 number | +14.2% |
| 2011 | 10,463 number | +15.7% |
| 2012 | 12,881 number | +23.1% |
| 2013 | 14,688 number | +14.0% |
| 2014 | 16,223 number | +10.5% |
| 2015 | 18,468 number | +13.8% |
| 2016 | 17,262 number | -6.5% |
| 2017 | 18,420 number | +6.7% |
| 2018 | 20,729 number | +12.5% |
| 2019 | 24,945 number | +20.3% |
| 2020 | 22,648 number | -9.2% |
| 2021 | 30,011 number | +32.5% |
| 2022 | 32,768 number | +9.2% |
| 2023 | 47,219 number | +44.1% |
| 2024 | 141,067 number | +198.8% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 141,067 number is above the median for high income countries, which is 19,050 number, 7.4× the median. (63 countries reporting)
- Saudi Arabia's 141,067 number is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 11,590 number, 12.2× the median. (18 countries reporting)
Biggest year-on-year movements
Years where New businesses registered in Saudi Arabia 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 |
|---|---|---|---|
| 2024 | +198.8% | 47,219 number | 141,067 number |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6,940 number | 5,294 number | 7,947 number | 4 |
| 2010s | 16,312 number | 9,044 number | 24,945 number | 10 |
| 2020s | 54,743 number | 22,648 number | 141,067 number | 5 |
Countries ranked near Saudi Arabia
More private sector data for Saudi Arabia
- Merchandise trade 44.2% (2025)
- Food imports 13.0% (2024)
- Manufactures imports 70.5% (2024)
- Merchandise imports 254.06 billion current US$ (2025)
- Food exports 1.9% (2024)
- Manufactures exports 15.9% (2024)
- Merchandise exports 310.67 billion current US$ (2025)
- Merchandise exports (current US$), per capita 8,403 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2433 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 1.69 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Saudi Arabia?
- New businesses registered in Saudi Arabia was 141,067 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Saudi Arabia?
- The highest recorded value was 141,067 number in 2024.
- What is the lowest new businesses registered recorded in Saudi Arabia?
- The lowest recorded value was 5,294 number in 2006.
- How does Saudi Arabia rank for new businesses registered?
- Saudi Arabia ranks 11th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Saudi Arabia?
- Over the last ten years it is up 769.5%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia 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.