New businesses registered (number) in Somalia
Somalia: New businesses registered (number) was 195 number in 2024. ◆ Volatile
New businesses registered in Somalia, 2016–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
In 2024, new businesses registered in Somalia stood at 195 number.
The figure is down 36.3% on the previous year and down 87.0% over ten years.
Over the whole period, new businesses registered in Somalia peaked at 1,500 number in 2016 and was at its lowest, 144 number, in 2021.
That places Somalia 167th out of 177 countries with data for 2024, putting it in the bottom quarter.
New businesses registered (number) in Somalia, year by year
| Year | number | Change |
|---|---|---|
| 2016 | 1,500 number | — |
| 2017 | 1,300 number | -13.3% |
| 2018 | 800 number | -38.5% |
| 2019 | 900 number | +12.5% |
| 2020 | 800 number | -11.1% |
| 2021 | 144 number | -82.0% |
| 2022 | 259 number | +79.9% |
| 2023 | 306 number | +18.1% |
| 2024 | 195 number | -36.3% |
Somalia compared with similar countries
- Somalia's 195 number is below the median for low income countries, which is 2,741 number, 7% of the median. (19 countries reporting)
- Somalia's 195 number is below the median for Sub-Saharan Africa, which is 5,522 number, 4% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1,125 number | 800 number | 1,500 number | 4 |
| 2020s | 340.8 number | 144 number | 800 number | 5 |
Countries ranked near Somalia
More private sector data for Somalia
- Merchandise trade 40.2% (2025)
- Food imports 22.4% (1982)
- Manufactures imports 54.7% (1982)
- Merchandise imports 3.93 billion current US$ (2025)
- Food exports 93.7% (1982)
- Manufactures exports 1.3% (1982)
- Merchandise exports 1.30 billion current US$ (2025)
- Merchandise exports (current US$), per capita 66.14 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -11.74 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Somalia?
- New businesses registered in Somalia was 195 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Somalia?
- The highest recorded value was 1,500 number in 2016.
- What is the lowest new businesses registered recorded in Somalia?
- The lowest recorded value was 144 number in 2021.
- How does Somalia rank for new businesses registered?
- Somalia ranks 167th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Somalia?
- Over the last ten years it is down 87.0%. The long-run trend across the full record is volatile.
- Where does this Somalia 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.