Niger: New businesses registered (number)

Key figures

What the numbers say

In 2024, Niger's new businesses registered (number) rose 14.1% on 2023 (from 1,202 to 1,371).

Across the 17 yearly changes before that (2007 to 2023), the average change was +15.7% and a typical year strayed about 39.3% from that (the standard deviation). This year's change was 0.0 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 115.4% in 2015 and the biggest yearly fall was 33.5% in 2014. 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 109.46 a year. A straight line explains 72% 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, Niger had the 114th 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 Niger in the 2024 ranking

• Barbados — 111th of 127: 1,517
• Congo, Rep. — 112th of 127: 1,437
• Chad — 113th of 127: 1,391
• St. Kitts and Nevis — 115th of 127: 619
• Guinea-Bissau — 116th of 127: 598
• West Bank and Gaza — 117th of 127: 525

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

New businesses registered (number) in nearby economies

• Angola — 30,956 (2024)
• Benin — 5,522 (2024)
• Botswana — 21,456 (2024)
• Burkina Faso — 10,046 (2024)
• Burundi — 7,263 (2024)
• Cabo Verde — 7,719 (2024)
• Central African Republic — 258 (2024)
• Chad — 1,391 (2024)
• Comoros — 387 (2024)
• Congo, Dem. Rep. — 6,095 (2024)
• Congo, Rep.

More private sector & trade data for Niger

• Merchandise trade (% of GDP) — 21.25% (2025)
• Merchandise imports (current US$) — US$2.7 billion (2025)
• Merchandise exports (current US$) — US$1.9 billion (2025)
• Merchandise imports from high-income economies (% of total merchandise imports) — 41.93% (2023)
• Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0% (2023)
• Merchandise imports by the reporting economy (current US$) — US$3.15 billion (2023)
• Merchandise exports to high-income economies (% of total merchandise exports) — 67.42% (2023)
• Merchandise exports by the reporting economy, residual (% of total merchandise exports) — 0% (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 Niger's new businesses registered (number)?

1,371 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 490.95% from 232 in 2006 (10.37% a year on average, compounded). The highest value was 1,518 in 2021 and the lowest 169 in 2007.

How does Niger rank?

114th highest of 127 economies with data for 2024.

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

In 2024, Niger's new businesses registered (number) rose 14.1% on 2023 (from 1,202 to 1,371). Across the 17 yearly changes before that (2007 to 2023), the average change was +15.7% and a typical year strayed about 39.3% from that (the standard deviation). This year's change was 0.0 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.