Private Sector & Trade · Mali
Yearly data from 2009 to 2020, from the World Bank.
Mali's new business density (new registrations per 1,000 people ages 15-64) was 0.25 in 2020, the latest year in the World Bank's World Development Indicators. That is up 132.34% from 0.11 in 2010 (8.8% a year on average, compounded).
| Value | Year | |
|---|---|---|
| Latest | 0.25 | 2020 |
| Five years earlier | 0.17 | 2015 |
| Ten years earlier | 0.11 | 2010 |
| Highest | 0.38 | 2019 |
| Lowest | 0.04 | 2009 |
| Average since 2011 | 0.21 | 2011–2020 |
| First recorded | 0.04 | 2009 |
Over five years it is up 48.2% from 0.17 in 2015 (8.19% a year on average, compounded). Since 2009 it is up 524.77% from 0.04 in 2009 (18.12% a year on average, compounded).
In 2020, Mali's new business density (new registrations per 1,000 people ages 15-64) fell 0.13 on 2019 (from 0.38 to 0.25).
Across the 10 yearly changes before that (2010 to 2019), the average change was +0.03 and a typical year strayed about 0.08 from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 0.17 in 2018 and the biggest yearly fall was 0.13 in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2011 to 2020 the straight-line trend is upward, about 0.02 a year. A straight line explains 52% 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.
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Mali | 0.25 | 2020 |
| World | 5.15 | 2024 |
| Sub-Saharan Africa | 1.86 | 2022 |
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.
| Year | New business density (new registrations per 1,000 people ages 15-64) |
|---|---|
| 2020 | 0.2515 |
| 2019 | 0.3836 |
| 2018 | 0.3103 |
| 2017 | 0.1355 |
| 2016 | 0.2511 |
| 2015 | 0.1697 |
| 2014 | 0.1921 |
| 2013 | 0.2054 |
| 2012 | 0.1784 |
| 2011 | 0.0648 |
| 2010 | 0.1082 |
| 2009 | 0.0403 |
Every indicator for Mali is on the Mali data page.
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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