Of the economies in the World Bank's latest release, Cayman Islands has the highest new business density (new registrations per 1,000 people ages 15-64) (201.01 in 2024) and Kiribati the lowest (0.03 in 2018). The world figure is 5.15 (2024).
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.
Each country's latest available year is shown; countries report on different schedules, so compare years before comparing values.
Ranking
| # | Economy | Latest value | Year |
|---|---|---|---|
| 1 | Cayman Islands | 201.01 | 2024 |
| 2 | Isle of Man | 33.58 | 2024 |
| 3 | Hong Kong SAR, China | 28.85 | 2024 |
| 4 | Estonia | 26.76 | 2024 |
| 5 | Cabo Verde | 21.76 | 2024 |
| 6 | Luxembourg | 19.61 | 2024 |
| 7 | United Kingdom | 19.19 | 2024 |
| 8 | St. Kitts and Nevis | 18.72 | 2024 |
| 9 | Australia | 18.06 | 2024 |
| 10 | Montenegro | 17.86 | 2024 |
| 11 | New Zealand | 16.05 | 2024 |
| 12 | China | 15.59 | 2024 |
| 13 | Liechtenstein | 15.57 | 2024 |
| 14 | Croatia | 15.21 | 2024 |
| 15 | Mauritius | 13.98 | 2024 |
| 16 | Botswana | 13.33 | 2024 |
| 17 | Belize | 13.01 | 2024 |
| 18 | Singapore | 11.59 | 2024 |
| 19 | South Africa | 11.46 | 2024 |
| 20 | Portugal | 11 | 2024 |
| 21 | Iceland | 10.86 | 2024 |
| 22 | Bulgaria | 10.46 | 2024 |
| 23 | Chile | 9.09 | 2023 |
| 24 | Malta | 8.47 | 2024 |
| 25 | Kosovo | 8.35 | 2024 |
| 26 | Norway | 8.32 | 2024 |
| 27 | Côte d'Ivoire | 8.28 | 2024 |
| 28 | Mongolia | 8.26 | 2024 |
| 29 | Barbados | 8.11 | 2024 |
| 30 | Georgia | 7.62 | 2024 |
| 31 | Romania | 7.47 | 2024 |
| 32 | Sweden | 7.08 | 2024 |
| 33 | Latvia | 7.02 | 2024 |
| 34 | Denmark | 6.85 | 2024 |
| 35 | France | 6.82 | 2024 |
| 36 | Qatar | 6.77 | 2018 |
| 37 | Namibia | 6.74 | 2024 |
| 38 | Brazil | 6.67 | 2024 |
| 39 | Ireland | 6.65 | 2024 |
| 40 | Costa Rica | 6.31 | 2024 |
| 41 | Bahrain | 6.16 | 2024 |
| 42 | Finland | 5.97 | 2024 |
| 43 | Slovak Republic | 5.68 | 2024 |
| 44 | Saudi Arabia | 5.46 | 2024 |
| 45 | Belgium | 5.31 | 2023 |
| 46 | North Macedonia | 5.18 | 2024 |
| 47 | Peru | 4.9 | 2024 |
| 48 | Moldova | 4.89 | 2024 |
| 49 | Maldives | 4.85 | 2023 |
| 50 | St. Vincent and the Grenadines | 4.66 | 2020 |
| 51 | Panama | 4.52 | 2022 |
| 52 | Trinidad and Tobago | 4.49 | 2020 |
| 53 | Eswatini | 4.39 | 2024 |
| 54 | Czechia | 4.31 | 2024 |
| 55 | Seychelles | 4.26 | 2024 |
| 56 | Antigua and Barbuda | 4.16 | 2024 |
| 57 | Armenia | 4.12 | 2024 |
| 58 | Hungary | 3.83 | 2024 |
| 59 | Dominica | 3.73 | 2024 |
| 60 | Spain | 3.67 | 2024 |
| 61 | Korea, Rep. | 3.51 | 2023 |
| 62 | Kazakhstan | 3.35 | 2024 |
| 63 | Uruguay | 3.23 | 2024 |
| 64 | Switzerland | 3.13 | 2022 |
| 65 | Italy | 3.09 | 2024 |
| 66 | Israel | 2.92 | 2024 |
| 67 | Guyana | 2.9 | 2024 |
| 68 | Uzbekistan | 2.79 | 2024 |
| 69 | Suriname | 2.77 | 2022 |
| 70 | Zimbabwe | 2.77 | 2024 |
| 71 | Grenada | 2.74 | 2020 |
| 72 | Rwanda | 2.72 | 2024 |
| 73 | Fiji | 2.7 | 2024 |
| 74 | Morocco | 2.66 | 2024 |
| 75 | Slovenia | 2.62 | 2024 |
| 76 | Jamaica | 2.6 | 2024 |
| 77 | United Arab Emirates | 2.48 | 2020 |
| 78 | Greece | 2.45 | 2024 |
| 79 | Malaysia | 2.38 | 2024 |
| 80 | Poland | 2.38 | 2024 |
| 81 | Timor-Leste | 2.34 | 2022 |
| 82 | Albania | 2.29 | 2024 |
| 83 | Russian Federation | 2.28 | 2024 |
| 84 | Colombia | 2.22 | 2024 |
| 85 | Kyrgyz Republic | 2.15 | 2024 |
| 86 | Kuwait | 2.14 | 2024 |
| 87 | Lithuania | 2.13 | 2024 |
| 88 | Serbia | 2.12 | 2024 |
| 89 | Cyprus | 2.08 | 2024 |
| 90 | Azerbaijan | 2 | 2024 |
| 91 | Viet Nam | 2 | 2024 |
| 92 | Türkiye | 1.98 | 2024 |
| 93 | Tunisia | 1.82 | 2024 |
| 94 | Oman | 1.79 | 2020 |
| 95 | Paraguay | 1.76 | 2024 |
| 96 | Thailand | 1.75 | 2024 |
| 97 | Ukraine | 1.65 | 2017 |
| 98 | Bosnia and Herzegovina | 1.64 | 2024 |
| 99 | Ecuador | 1.59 | 2024 |
| 100 | Vanuatu | 1.58 | 2018 |
| 101 | Gabon | 1.57 | 2024 |
| 102 | Lao PDR | 1.57 | 2024 |
| 103 | Angola | 1.55 | 2024 |
| 104 | Zambia | 1.5 | 2024 |
| 105 | Lesotho | 1.47 | 2020 |
| 106 | Germany | 1.44 | 2024 |
| 107 | Gambia, The | 1.4 | 2024 |
| 108 | Nepal | 1.4 | 2020 |
| 109 | Ghana | 1.37 | 2024 |
| 110 | Belarus | 1.27 | 2022 |
| 111 | Senegal | 1.22 | 2024 |
| 112 | Sri Lanka | 1.19 | 2022 |
| 113 | El Salvador | 1.14 | 2024 |
| 114 | Tuvalu | 1.13 | 2022 |
| 115 | Nigeria | 1.12 | 2022 |
| 116 | Solomon Islands | 1.09 | 2018 |
| 117 | Uganda | 1.08 | 2024 |
| 118 | St. Lucia | 1.06 | 2024 |
| 119 | Togo | 1.04 | 2024 |
| 120 | Guatemala | 1.02 | 2024 |
| 121 | Austria | 1 | 2023 |
| 122 | Burundi | 0.98 | 2024 |
| 123 | Mexico | 0.95 | 2024 |
| 124 | Indonesia | 0.94 | 2024 |
| 125 | Algeria | 0.83 | 2024 |
| 126 | Burkina Faso | 0.77 | 2024 |
| 127 | Comoros | 0.76 | 2024 |
| 128 | Sierra Leone | 0.73 | 2024 |
| 129 | Samoa | 0.72 | 2022 |
| 130 | Tonga | 0.7 | 2024 |
| 131 | Benin | 0.69 | 2024 |
| 132 | Guinea | 0.69 | 2024 |
| 133 | Jordan | 0.67 | 2024 |
| 134 | Ethiopia | 0.61 | 2024 |
| 135 | Japan | 0.58 | 2024 |
| 136 | Argentina | 0.52 | 2024 |
| 137 | Philippines | 0.51 | 2024 |
| 138 | Brunei Darussalam | 0.47 | 2024 |
| 139 | Guinea-Bissau | 0.47 | 2024 |
| 140 | Cambodia | 0.45 | 2024 |
| 141 | Congo, Rep. | 0.4 | 2024 |
| 142 | Myanmar | 0.39 | 2018 |
| 143 | Honduras | 0.37 | 2024 |
| 144 | South Sudan | 0.3 | 2016 |
| 145 | Egypt, Arab Rep. | 0.26 | 2022 |
| 146 | Mali | 0.25 | 2020 |
| 147 | Afghanistan | 0.22 | 2018 |
| 148 | Pakistan | 0.2 | 2024 |
| 149 | India | 0.18 | 2024 |
| 150 | Tanzania | 0.17 | 2018 |
| 151 | West Bank and Gaza | 0.17 | 2024 |
| 152 | Tajikistan | 0.15 | 2018 |
| 153 | Chad | 0.13 | 2024 |
| 154 | Madagascar | 0.12 | 2024 |
| 155 | Iraq | 0.12 | 2022 |
| 156 | Congo, Dem. Rep. | 0.11 | 2024 |
| 157 | Niger | 0.1 | 2024 |
| 158 | Central African Republic | 0.1 | 2024 |
| 159 | Bhutan | 0.07 | 2022 |
| 160 | Bangladesh | 0.06 | 2024 |
| 161 | Liberia | 0.05 | 2024 |
| 162 | Kiribati | 0.03 | 2018 |
Regions and income groups
More private sector & trade indicators
- New businesses registered (number)
- Investment in energy with private participation (current US$)
- Public private partnerships investment in energy (current US$)
- International tourism, number of arrivals
- International tourism, number of departures
- International tourism, receipts (current US$)
- International tourism, receipts (% of total exports)
- International tourism, receipts for passenger transport items (current US$)
- International tourism, expenditures for passenger transport items (current US$)
- International tourism, receipts for travel items (current US$)
- International tourism, expenditures for travel items (current US$)
- International tourism, expenditures (current US$)
Reading data like this
Source
World Bank, World Development Indicators, IC.BUS.NDNS.ZS, CC BY 4.0. Original source: Entrepreneurship Database, World Bank (WB), uri: https://www.worldbank.org/en/programs/entrepreneurship View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.
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