Of the economies in the World Bank's latest release, Brazil has the highest new businesses registered (number) (979,211 in 2024) and Kiribati the lowest (2 in 2018).
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.
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 | Brazil | 979,211 | 2024 |
| 2 | United Kingdom | 841,138 | 2024 |
| 3 | South Africa | 494,475 | 2024 |
| 4 | Australia | 316,561 | 2024 |
| 5 | China | 286,640 | 2024 |
| 6 | France | 286,548 | 2024 |
| 7 | Russian Federation | 214,957 | 2024 |
| 8 | Indonesia | 182,200 | 2024 |
| 9 | India | 173,712 | 2024 |
| 10 | Hong Kong SAR, China | 145,053 | 2024 |
| 11 | Saudi Arabia | 141,067 | 2024 |
| 12 | Nigeria | 136,961 | 2022 |
| 13 | Viet Nam | 136,757 | 2024 |
| 14 | Korea, Rep. | 128,455 | 2023 |
| 15 | Chile | 123,159 | 2023 |
| 16 | Spain | 118,193 | 2024 |
| 17 | Italy | 115,689 | 2024 |
| 18 | Türkiye | 115,401 | 2024 |
| 19 | Peru | 111,997 | 2024 |
| 20 | Romania | 91,649 | 2024 |
| 21 | Thailand | 87,596 | 2024 |
| 22 | Mexico | 83,950 | 2024 |
| 23 | Colombia | 82,208 | 2024 |
| 24 | Germany | 75,775 | 2024 |
| 25 | Portugal | 73,740 | 2024 |
| 26 | Morocco | 67,138 | 2024 |
| 27 | Uzbekistan | 64,020 | 2024 |
| 28 | Malaysia | 59,611 | 2024 |
| 29 | Poland | 56,520 | 2024 |
| 30 | New Zealand | 55,417 | 2024 |
| 31 | Singapore | 52,248 | 2024 |
| 32 | Ukraine | 51,349 | 2017 |
| 33 | Sweden | 46,622 | 2024 |
| 34 | Ethiopia | 46,274 | 2024 |
| 35 | Bulgaria | 42,783 | 2024 |
| 36 | Kazakhstan | 42,707 | 2024 |
| 37 | Japan | 41,946 | 2024 |
| 38 | Belgium | 39,772 | 2023 |
| 39 | Philippines | 39,146 | 2024 |
| 40 | Angola | 30,956 | 2024 |
| 41 | Norway | 30,147 | 2024 |
| 42 | Pakistan | 30,004 | 2024 |
| 43 | Czechia | 29,877 | 2024 |
| 44 | Uganda | 29,330 | 2024 |
| 45 | Ghana | 28,529 | 2024 |
| 46 | Denmark | 25,969 | 2024 |
| 47 | Nepal | 25,859 | 2020 |
| 48 | Zimbabwe | 25,601 | 2024 |
| 49 | Algeria | 24,482 | 2024 |
| 50 | Hungary | 23,691 | 2024 |
| 51 | Ireland | 23,440 | 2024 |
| 52 | Estonia | 23,154 | 2024 |
| 53 | Rwanda | 22,734 | 2024 |
| 54 | Costa Rica | 22,333 | 2024 |
| 55 | Botswana | 21,456 | 2024 |
| 56 | Finland | 20,690 | 2024 |
| 57 | Slovak Republic | 20,239 | 2024 |
| 58 | Côte d'Ivoire | 20,143 | 2024 |
| 59 | Ecuador | 19,317 | 2024 |
| 60 | United Arab Emirates | 19,050 | 2020 |
| 61 | Egypt, Arab Rep. | 18,587 | 2022 |
| 62 | Mongolia | 18,238 | 2024 |
| 63 | Zambia | 18,109 | 2024 |
| 64 | Switzerland | 18,034 | 2022 |
| 65 | Georgia | 17,783 | 2024 |
| 66 | Israel | 17,470 | 2024 |
| 67 | Sri Lanka | 17,447 | 2022 |
| 68 | Greece | 16,000 | 2024 |
| 69 | Argentina | 15,818 | 2024 |
| 70 | Tunisia | 14,870 | 2024 |
| 71 | Qatar | 14,824 | 2018 |
| 72 | Cyprus | 14,444 | 2024 |
| 73 | Croatia | 14,324 | 2024 |
| 74 | Azerbaijan | 14,215 | 2024 |
| 75 | Myanmar | 14,051 | 2018 |
| 76 | Senegal | 13,136 | 2024 |
| 77 | Panama | 13,048 | 2022 |
| 78 | Mauritius | 12,614 | 2024 |
| 79 | Namibia | 12,117 | 2024 |
| 80 | Guatemala | 11,909 | 2024 |
| 81 | Cayman Islands | 11,197 | 2024 |
| 82 | Burkina Faso | 10,046 | 2024 |
| 83 | Kyrgyz Republic | 9,638 | 2024 |
| 84 | Luxembourg | 9,137 | 2024 |
| 85 | Kosovo | 8,824 | 2024 |
| 86 | Serbia | 8,788 | 2024 |
| 87 | Armenia | 8,381 | 2024 |
| 88 | Kuwait | 8,357 | 2024 |
| 89 | Latvia | 8,218 | 2024 |
| 90 | Lao PDR | 7,941 | 2024 |
| 91 | Paraguay | 7,915 | 2024 |
| 92 | Belarus | 7,820 | 2022 |
| 93 | Cabo Verde | 7,719 | 2024 |
| 94 | Bahrain | 7,580 | 2024 |
| 95 | Moldova | 7,478 | 2024 |
| 96 | Bangladesh | 7,365 | 2024 |
| 97 | Burundi | 7,263 | 2024 |
| 98 | Uruguay | 7,187 | 2024 |
| 99 | Montenegro | 7,136 | 2024 |
| 100 | Congo, Dem. Rep. | 6,095 | 2024 |
| 101 | North Macedonia | 6,045 | 2024 |
| 102 | Austria | 5,982 | 2023 |
| 103 | Oman | 5,804 | 2020 |
| 104 | Togo | 5,665 | 2024 |
| 105 | Guinea | 5,626 | 2024 |
| 106 | Benin | 5,522 | 2024 |
| 107 | Jamaica | 5,393 | 2024 |
| 108 | Tanzania | 5,276 | 2018 |
| 109 | Cambodia | 5,138 | 2024 |
| 110 | Jordan | 5,009 | 2024 |
| 111 | El Salvador | 4,862 | 2024 |
| 112 | Trinidad and Tobago | 4,344 | 2020 |
| 113 | Afghanistan | 4,274 | 2018 |
| 114 | Albania | 4,126 | 2024 |
| 115 | Lithuania | 4,011 | 2024 |
| 116 | Sierra Leone | 3,712 | 2024 |
| 117 | Belize | 3,710 | 2024 |
| 118 | Slovenia | 3,545 | 2024 |
| 119 | Eswatini | 3,405 | 2024 |
| 120 | Bosnia and Herzegovina | 3,369 | 2024 |
| 121 | Malta | 3,247 | 2024 |
| 122 | Iraq | 3,037 | 2022 |
| 123 | Iceland | 2,925 | 2024 |
| 124 | Mali | 2,741 | 2020 |
| 125 | Honduras | 2,628 | 2024 |
| 126 | Gabon | 2,373 | 2024 |
| 127 | Madagascar | 2,206 | 2024 |
| 128 | Gambia, The | 2,196 | 2024 |
| 129 | Lesotho | 1,981 | 2020 |
| 130 | Maldives | 1,928 | 2023 |
| 131 | Timor-Leste | 1,911 | 2022 |
| 132 | Isle of Man | 1,770 | 2024 |
| 133 | South Sudan | 1,765 | 2016 |
| 134 | Fiji | 1,665 | 2024 |
| 135 | Guyana | 1,546 | 2024 |
| 136 | Barbados | 1,517 | 2024 |
| 137 | Congo, Rep. | 1,437 | 2024 |
| 138 | Chad | 1,391 | 2024 |
| 139 | Niger | 1,371 | 2024 |
| 140 | Suriname | 1,147 | 2022 |
| 141 | Tajikistan | 831 | 2018 |
| 142 | St. Kitts and Nevis | 619 | 2024 |
| 143 | Guinea-Bissau | 598 | 2024 |
| 144 | West Bank and Gaza | 525 | 2024 |
| 145 | Solomon Islands | 444 | 2018 |
| 146 | Liechtenstein | 407 | 2024 |
| 147 | Comoros | 387 | 2024 |
| 148 | Seychelles | 370 | 2024 |
| 149 | St. Vincent and the Grenadines | 323 | 2020 |
| 150 | Antigua and Barbuda | 275 | 2024 |
| 151 | Central African Republic | 258 | 2024 |
| 152 | Vanuatu | 258 | 2018 |
| 153 | Grenada | 217 | 2020 |
| 154 | Dominica | 171 | 2024 |
| 155 | Liberia | 167 | 2024 |
| 156 | Brunei Darussalam | 157 | 2024 |
| 157 | St. Lucia | 139 | 2024 |
| 158 | Samoa | 86 | 2022 |
| 159 | Tonga | 42 | 2024 |
| 160 | Bhutan | 40 | 2022 |
| 161 | Tuvalu | 7 | 2022 |
| 162 | Kiribati | 2 | 2018 |
More private sector & trade indicators
- New business density (new registrations per 1,000 people ages 15-64)
- 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.NREG, 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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