Samoa's new business density (new registrations per 1,000 people ages 15-64) was 0.72 in 2022, the latest year in the World Bank's World Development Indicators. That is down 8.92% from 0.79 in 2012 (0.93% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0.72 | 2022 |
| Five years earlier | 1.18 | 2017 |
| Ten years earlier | 0.79 | 2012 |
| Highest | 1.18 | 2017 |
| Lowest | 0.35 | 2007 |
| Average since 2013 | 0.91 | 2013–2022 |
| First recorded | 0.42 | 2006 |
What the numbers say
In 2022, Samoa's new business density (new registrations per 1,000 people ages 15-64) rose 0.27 on 2021 (from 0.44 to 0.72).
Across the 15 yearly changes before that (2007 to 2021), the average change was +0.00159 and a typical year strayed about 0.18 from that (the standard deviation). This year's change was 1.5 standard deviations above 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 0.27 in 2022 and the biggest yearly fall was 0.37 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 2013 to 2022 the straight-line trend is downward, about 0.04 a year. A straight line explains 31% 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 2022, Samoa had the 9th highest value of the 12 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 | |
|---|---|---|
| Samoa | 0.72 | 2022 |
| World | 5.15 | 2024 |
| East Asia & Pacific | 10.73 | 2024 |
| Upper middle income | 9.26 | 2024 |
Closest to Samoa in the 2022 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 17 values
| Year | New business density (new registrations per 1,000 people ages 15-64) |
|---|---|
| 2022 | 0.7178 |
| 2021 | 0.4437 |
| 2020 | 0.6896 |
| 2019 | 1.06 |
| 2018 | 1.07 |
| 2017 | 1.18 |
| 2016 | 0.9481 |
| 2015 | 1.12 |
| 2014 | 1.03 |
| 2013 | 0.8406 |
| 2012 |
New business density (new registrations per 1,000 people ages 15-64) in nearby economies
- Australia — 18.06 (2024)
- Brunei Darussalam — 0.47 (2024)
- Cambodia — 0.45 (2024)
- China — 15.59 (2024)
- Fiji — 2.7 (2024)
- Hong Kong SAR, China — 28.85 (2024)
- Indonesia — 0.94 (2024)
- Japan — 0.58 (2024)
- Kiribati
More private sector & trade data for Samoa
- Merchandise imports (current US$) — US$467 million (2025)
- Merchandise exports (current US$) — US$24 million (2025)
- Merchandise imports from high-income economies (% of total merchandise imports) — 75.22% (2023)
- Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) — 24.62% (2023)
- Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0% (2023)
- Merchandise imports by the reporting economy (current US$) — US$462.21 million (2023)
- Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) — 24.62% (2023)
Reading data like this
Questions people ask
- What is Samoa's new business density (new registrations per 1,000 people ages 15-64)?
- 0.72 in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 70.96% from 0.42 in 2006 (3.41% a year on average, compounded). The highest value was 1.18 in 2017 and the lowest 0.35 in 2007.
- How does Samoa rank?
- 9th highest of 12 economies with data for 2022.
- Is the latest change in new business density (new registrations per 1,000 people ages 15-64) unusual for Samoa?
- In 2022, Samoa's new business density (new registrations per 1,000 people ages 15-64) rose 0.27 on 2021 (from 0.44 to 0.72). Across the 15 yearly changes before that (2007 to 2021), the average change was +0.00159 and a typical year strayed about 0.18 from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
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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