Thailand: New businesses registered (number)

Key figures

What the numbers say

In 2024, Thailand's new businesses registered (number) rose 2.7% on 2023 (from 85,300 to 87,596).

Across the 17 yearly changes before that (2007 to 2023), the average change was +4.1% and a typical year strayed about 10.5% from that (the standard deviation). This year's change was 0.1 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 23.1% in 2010 and the biggest yearly fall was 13.1% in 2007. 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 2,414 a year. A straight line explains 67% 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, Thailand had the 18th 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 Thailand in the 2024 ranking

• Türkiye — 15th of 127: 115,401
• Peru — 16th of 127: 111,997
• Romania — 17th of 127: 91,649
• Mexico — 19th of 127: 83,950
• Colombia — 20th of 127: 82,208
• Germany — 21st of 127: 75,775

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

• Australia — 316,561 (2024)
• Brunei Darussalam — 157 (2024)
• Cambodia — 5,138 (2024)
• China — 286,640 (2024)
• Fiji — 1,665 (2024)
• Hong Kong SAR, China — 145,053 (2024)
• Indonesia — 182,200 (2024)
• Japan — 41,946 (2024)
• Kiribati — 2 (2018)
• Korea, Rep. — 128,455 (2023)
• Lao PDR — 7,941 (2024)

More private sector & trade data for Thailand

• Merchandise trade (% of GDP) — 118.64% (2025)
• Merchandise imports (current US$) — US$344.94 billion (2025)
• Merchandise exports (current US$) — US$339.64 billion (2025)
• Agricultural raw materials imports (% of merchandise imports) — 1.16% (2025)
• Food imports (% of merchandise imports) — 6.11% (2025)
• Fuel imports (% of merchandise imports) — 12.47% (2025)
• Manufactures imports (% of merchandise imports) — 69.31% (2025)
• Ores and metals imports (% of merchandise imports) — 4.76% (2025)
• Merchandise imports from economies in the Arab World (% of total merchandise imports)

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 Thailand's new businesses registered (number)?

87,596 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 86.79% from 46,895 in 2006 (3.53% a year on average, compounded). The highest value was 87,596 in 2024 and the lowest 40,749 in 2007.

How does Thailand rank?

18th highest of 127 economies with data for 2024.

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

In 2024, Thailand's new businesses registered (number) rose 2.7% on 2023 (from 85,300 to 87,596). Across the 17 yearly changes before that (2007 to 2023), the average change was +4.1% and a typical year strayed about 10.5% from that (the standard deviation). This year's change was 0.1 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.