South Sudan: New businesses registered (number)

Key figures

What the numbers say

In 2016, South Sudan's new businesses registered (number) rose 132.5% on 2015 (from 759 to 1,765).

Across the 9 yearly changes before that (2007 to 2015), the average change was +65.8% and a typical year strayed about 161% 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 375.9% in 2011 and the biggest yearly fall was 62.6% in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2007 to 2016 there is no clear straight-line trend: a straight line explains 1% 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.

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 11 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 South Sudan

• Merchandise imports from high-income economies (% of total merchandise imports) — 14.19% (2023)
• Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 20.96% (2023)
• Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) — 13.37% (2023)
• Merchandise imports from low- and middle-income economies in South Asia (% of total merchandise imports) — 3.33% (2023)
• Merchandise imports from low- and middle-income economies in Sub-Saharan Africa (% of total merchandise imports) — 64.85% (2023)
• Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0% (2023)

Reading data like this

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Questions people ask

What is South Sudan's new businesses registered (number)?

1,765 in 2016, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 430.03% from 333 in 2006 (18.15% a year on average, compounded). The highest value was 4,459 in 2011 and the lowest 333 in 2006.

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

In 2016, South Sudan's new businesses registered (number) rose 132.5% on 2015 (from 759 to 1,765). Across the 9 yearly changes before that (2007 to 2015), the average change was +65.8% and a typical year strayed about 161% 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.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Entrepreneurship Database, World Bank (WB), uri: https://www.worldbank.org/en/programs/entrepreneurship.

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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