New businesses registered (number) in Singapore
Singapore: New businesses registered (number) was 52,248 number in 2024. ▲ Rising
New businesses registered in Singapore, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
Singapore recorded 52,248 number for new businesses registered in 2024. That is the highest value across all 19 years on record.
The figure is up 2.6% on the previous year and up 36.4% over ten years.
Over the whole period, new businesses registered in Singapore peaked at 52,248 number in 2024 and was at its lowest, 19,575 number, in 2006.
Singapore ranks 33rd of 177 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
New businesses registered (number) in Singapore, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 19,575 number | — |
| 2007 | 23,850 number | +21.8% |
| 2008 | 23,544 number | -1.3% |
| 2009 | 24,234 number | +2.9% |
| 2010 | 27,483 number | +13.4% |
| 2011 | 29,781 number | +8.4% |
| 2012 | 31,531 number | +5.9% |
| 2013 | 34,766 number | +10.3% |
| 2014 | 38,306 number | +10.2% |
| 2015 | 34,076 number | -11.0% |
| 2016 | 35,020 number | +2.8% |
| 2017 | 37,172 number | +6.1% |
| 2018 | 43,050 number | +15.8% |
| 2019 | 43,762 number | +1.7% |
| 2020 | 42,402 number | -3.1% |
| 2021 | 45,351 number | +7.0% |
| 2022 | 46,617 number | +2.8% |
| 2023 | 50,945 number | +9.3% |
| 2024 | 52,248 number | +2.6% |
Singapore compared with similar countries
- Singapore's 52,248 number is above the median for high income countries, which is 19,050 number, 2.7× the median. (63 countries reporting)
- Singapore's 52,248 number is above the median for East Asia & Pacific, which is 16,144 number, 3.2× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22,801 number | 19,575 number | 24,234 number | 4 |
| 2010s | 35,495 number | 27,483 number | 43,762 number | 10 |
| 2020s | 47,513 number | 42,402 number | 52,248 number | 5 |
Countries ranked near Singapore
More private sector data for Singapore
- Merchandise trade 177.6% (2025)
- Food imports 3.7% (2024)
- Manufactures imports 70.9% (2024)
- Merchandise imports 505.84 billion current US$ (2025)
- Food exports 2.8% (2024)
- Manufactures exports 74.5% (2024)
- Merchandise exports 566.87 billion current US$ (2025)
- Merchandise exports (current US$), per capita 92,760 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.9387 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 12.11 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Singapore?
- New businesses registered in Singapore was 52,248 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Singapore?
- The highest recorded value was 52,248 number in 2024.
- What is the lowest new businesses registered recorded in Singapore?
- The lowest recorded value was 19,575 number in 2006.
- How does Singapore rank for new businesses registered?
- Singapore ranks 33rd out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Singapore?
- Over the last ten years it is up 36.4%. The long-run trend across the full record is rising.
- Where does this Singapore 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.