Antigua and Barbuda's new business density (new registrations per 1,000 people ages 15-64) was 4.16 in 2024, the latest year in the World Bank's World Development Indicators. That is up 5.94% from 3.93 in 2014 (0.58% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 4.16 | 2024 |
| Five years earlier | 3.72 | 2019 |
| Ten years earlier | 3.93 | 2014 |
| Highest | 5.92 | 2017 |
| Lowest | 2.75 | 2009 |
| Average since 2015 | 4.32 | 2015–2024 |
| First recorded | 5.42 | 2006 |
What the numbers say
In 2024, Antigua and Barbuda's new business density (new registrations per 1,000 people ages 15-64) rose 0.17 on 2023 (from 4 to 4.16).
Across the 17 yearly changes before that (2007 to 2023), the average change was −0.08 and a typical year strayed about 0.73 from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 1.28 in 2017 and the biggest yearly fall was 1.58 in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 20% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Antigua and Barbuda had the 49th highest value of the 127 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Antigua and Barbuda | 4.16 | 2024 |
| World | 5.15 | 2024 |
| Latin America & Caribbean | 3.68 | 2024 |
| High income | 5.21 | 2023 |
Closest to Antigua and Barbuda in the 2024 ranking
What this measures
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.
Limitations: The definition of entrepreneurship used is limited to the formal sector. Yet, it should be noted that the exclusion of the informal sector is based on the difficulties of quantifying the number of firms that compose it, rather than on its relevance for developing economies. Data collected from economies categorized as offshore financial centers by Eurostat are excluded from the analysis, because registered entities in these countries may not fit the objective of the Entrepreneurship Database aiming at measuring formally registered companies with actual economic activities.
Regional and income-group figures are computed by the World Bank as a unweighted average.
All 19 values
| Year | New business density (new registrations per 1,000 people ages 15-64) |
|---|---|
| 2024 | 4.16 |
| 2023 | 4 |
| 2022 | 4.22 |
| 2021 | 4 |
| 2020 | 3.91 |
| 2019 | 3.72 |
| 2018 | 4.33 |
| 2017 | 5.92 |
| 2016 | 4.64 |
| 2015 | 4.29 |
| 2014 |
New business density (new registrations per 1,000 people ages 15-64) in nearby economies
- Argentina — 0.52 (2024)
- Barbados — 8.11 (2024)
- Belize — 13.01 (2024)
- Brazil — 6.67 (2024)
- Cayman Islands — 201.01 (2024)
- Chile — 9.09 (2023)
- Colombia — 2.22 (2024)
- Costa Rica — 6.31 (2024)
- Dominica
More private sector & trade data for Antigua and Barbuda
- Merchandise imports (current US$) — US$938 million (2025)
- Merchandise exports (current US$) — US$32 million (2025)
- Merchandise trade (% of GDP) — 41.49% (2025)
- Insurance and financial services (% of commercial service imports) — 10.21% (2025)
- Computer, communications and other services (% of commercial service imports) — 52.85% (2025)
- Commercial service imports (current US$) — US$614.45 million (2025)
- Transport services (% of commercial service imports) — 21.26% (2025)
- Travel services (% of commercial service imports) — 15.68% (2025)
Reading data like this
Questions people ask
- What is Antigua and Barbuda's new business density (new registrations per 1,000 people ages 15-64)?
- 4.16 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is down 23.16% from 5.42 in 2006 (1.45% a year on average, compounded). The highest value was 5.92 in 2017 and the lowest 2.75 in 2009.
- How does Antigua and Barbuda rank?
- 49th highest of 127 economies with data for 2024.
- Is the latest change in new business density (new registrations per 1,000 people ages 15-64) unusual for Antigua and Barbuda?
- In 2024, Antigua and Barbuda's new business density (new registrations per 1,000 people ages 15-64) rose 0.17 on 2023 (from 4 to 4.16). Across the 17 yearly changes before that (2007 to 2023), the average change was −0.08 and a typical year strayed about 0.73 from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator IC.BUS.NDNS.ZS, licensed CC BY 4.0. Original source: Entrepreneurship Database, World Bank (WB), uri: https://www.worldbank.org/en/programs/entrepreneurship Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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