Bangladesh: New businesses registered (number)

Key figures

What the numbers say

In 2024, Bangladesh's new businesses registered (number) fell 1.7% on 2023 (from 7,494 to 7,365).

Across the 14 yearly changes before that (2010 to 2023), the average change was +0.5% and a typical year strayed about 14.8% from that (the standard deviation). This year's change was 0.1 standard deviations below 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 33.5% in 2019 and the biggest yearly fall was 21.5% in 2013. 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 4% 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, Bangladesh had the 82nd 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.

Closest to Bangladesh in the 2024 ranking

• Cabo Verde — 79th of 127: 7,719
• Bahrain — 80th of 127: 7,580
• Moldova — 81st of 127: 7,478
• Burundi — 83rd of 127: 7,263
• Uruguay — 84th of 127: 7,187
• Montenegro — 85th of 127: 7,136

What this measures

New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the 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.

All 16 values

New businesses registered (number) in nearby economies

• Bhutan — 40 (2022)
• India — 173,712 (2024)
• Maldives — 1,928 (2023)
• Nepal — 25,859 (2020)
• Sri Lanka — 17,447 (2022)

More private sector & trade data for Bangladesh

• Merchandise trade (% of GDP) — 25.76% (2025)
• Merchandise imports (current US$) — US$69.37 billion (2025)
• Merchandise exports (current US$) — US$48.17 billion (2025)
• Merchandise exports to economies in the Arab World (% of total merchandise exports) — 2.33% (2023)
• Merchandise exports to high-income economies (% of total merchandise exports) — 88.53% (2023)
• Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) — 6.91% (2023)
• Merchandise exports to low- and middle-income economies in East Asia & Pacific (% of total merchandise exports) — 3.1% (2023)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Bangladesh's new businesses registered (number)?

7,365 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2009?

It is down 8.76% from 8,072 in 2009 (0.61% a year on average, compounded). The highest value was 11,193 in 2021 and the lowest 7,179 in 2013.

How does Bangladesh rank?

82nd highest of 127 economies with data for 2024.

Is the latest change in new businesses registered (number) unusual for Bangladesh?

In 2024, Bangladesh's new businesses registered (number) fell 1.7% on 2023 (from 7,494 to 7,365). Across the 14 yearly changes before that (2010 to 2023), the average change was +0.5% and a typical year strayed about 14.8% from that (the standard deviation). This year's change was 0.1 standard deviations below 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.NREG, 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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