Dominica's new businesses registered (number) was 171 in 2024, the latest year in the World Bank's World Development Indicators. That is up 14% from 150 in 2014 (1.32% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 171 | 2024 |
| Five years earlier | 159 | 2019 |
| Ten years earlier | 150 | 2014 |
| Highest | 171 | 2008 |
| Lowest | 103 | 2013 |
| Average since 2015 | 150.7 | 2015–2024 |
| First recorded | 162 | 2006 |
What the numbers say
In 2024, Dominica's new businesses registered (number) rose 9.6% on 2023 (from 156 to 171).
Across the 17 yearly changes before that (2007 to 2023), the average change was +1.4% and a typical year strayed about 19.7% from that (the standard deviation). This year's change was 0.4 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 45.6% in 2014 and the biggest yearly fall was 23.4% in 2009. 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 the straight-line trend is upward, about 4.3 a year. A straight line explains 47% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Dominica had the 123rd 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 Dominica in the 2024 ranking
- Seychelles — 120th of 127: 370
- Antigua and Barbuda — 121st of 127: 275
- Central African Republic — 122nd of 127: 258
- Liberia — 124th of 127: 167
- Brunei Darussalam — 125th of 127: 157
- St. Lucia — 126th of 127: 139
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 19 values
| Year | New businesses registered (number) |
|---|---|
| 2024 | 171 |
| 2023 | 156 |
| 2022 | 170 |
| 2021 | 164 |
| 2020 | 129 |
| 2019 | 159 |
| 2018 | 169 |
| 2017 | 132 |
| 2016 | 123 |
| 2015 | 134 |
| 2014 |
New businesses registered (number) in nearby economies
- Antigua and Barbuda — 275 (2024)
- Argentina — 15,818 (2024)
- Barbados — 1,517 (2024)
- Belize — 3,710 (2024)
- Brazil — 979,211 (2024)
- Cayman Islands — 11,197 (2024)
- Chile — 123,159 (2023)
- Colombia — 82,208 (2024)
- Costa Rica — 22,333 (2024)
- Ecuador — 19,317 (2024)
- El Salvador
More private sector & trade data for Dominica
- Merchandise imports (current US$) — US$259 million (2025)
- Merchandise exports (current US$) — US$24 million (2025)
- Insurance and financial services (% of commercial service imports) — 13.03% (2025)
- Computer, communications and other services (% of commercial service imports) — 57.43% (2025)
- Commercial service imports (current US$) — US$207.93 million (2025)
- Transport services (% of commercial service imports) — 19.19% (2025)
- Travel services (% of commercial service imports) — 10.36% (2025)
- Computer, communications and other services (% of commercial service exports) — 21.89% (2025)
- Commercial service exports (current US$)
Reading data like this
Questions people ask
- What is Dominica's new businesses registered (number)?
- 171 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 5.56% from 162 in 2006 (0.3% a year on average, compounded). The highest value was 171 in 2008 and the lowest 103 in 2013.
- How does Dominica rank?
- 123rd highest of 127 economies with data for 2024.
- Is the latest change in new businesses registered (number) unusual for Dominica?
- In 2024, Dominica's new businesses registered (number) rose 9.6% on 2023 (from 156 to 171). Across the 17 yearly changes before that (2007 to 2023), the average change was +1.4% and a typical year strayed about 19.7% from that (the standard deviation). This year's change was 0.4 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.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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