New businesses registered (number) in Sierra Leone
Sierra Leone: New businesses registered was 3,712 number in 2024. ◆ Volatile
New businesses registered in Sierra Leone, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
In 2024, new businesses registered in Sierra Leone stood at 3,712 number.
That represents a change of down 4.9% on the previous year and up 444.3% over ten years.
Over the whole period, new businesses registered in Sierra Leone peaked at 3,905 number in 2023 and was at its lowest, 333 number, in 2006.
Sierra Leone ranks 123rd of 177 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
New businesses registered in Sierra Leone, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 333 number | — |
| 2007 | 375 number | +12.6% |
| 2008 | 555 number | +48.0% |
| 2009 | 688 number | +24.0% |
| 2010 | 905 number | +31.5% |
| 2011 | 831 number | -8.2% |
| 2012 | 1,069 number | +28.6% |
| 2013 | 1,046 number | -2.2% |
| 2014 | 682 number | -34.8% |
| 2015 | 986 number | +44.6% |
| 2016 | 1,083 number | +9.8% |
| 2017 | 1,426 number | +31.7% |
| 2018 | 2,186 number | +53.3% |
| 2019 | 2,315 number | +5.9% |
| 2020 | 2,811 number | +21.4% |
| 2021 | 3,348 number | +19.1% |
| 2022 | 3,145 number | -6.1% |
| 2023 | 3,905 number | +24.2% |
| 2024 | 3,712 number | -4.9% |
Sierra Leone compared with similar countries
- Sierra Leone's 3,712 number is above the median for low income countries, which is 2,741 number, 1.4× the median. (19 countries reporting)
- Sierra Leone's 3,712 number is below the median for Sub-Saharan Africa, which is 5,522 number, 67% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 487.75 number | 333 number | 688 number | 4 |
| 2010s | 1,253 number | 682 number | 2,315 number | 10 |
| 2020s | 3,384 number | 2,811 number | 3,905 number | 5 |
Countries ranked near Sierra Leone
More private sector data for Sierra Leone
- Merchandise trade 45.9% (2025)
- Food imports 32.3% (2018)
- Manufactures imports 63.9% (2018)
- Merchandise imports 1.89 billion current US$ (2025)
- Food exports 45.6% (2018)
- Manufactures exports 25.1% (2018)
- Merchandise exports 1.53 billion current US$ (2025)
- Merchandise exports (current US$), per capita 173.93 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2055 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.75 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Sierra Leone?
- New businesses registered in Sierra Leone was 3,712 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Sierra Leone?
- The highest recorded value was 3,905 number in 2023.
- What is the lowest new businesses registered recorded in Sierra Leone?
- The lowest recorded value was 333 number in 2006.
- How does Sierra Leone rank for new businesses registered?
- Sierra Leone ranks 123rd out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Sierra Leone?
- Over the last ten years it is up 444.3%. The long-run trend across the full record is volatile.
- Where does this Sierra Leone 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
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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.