New Business Density (New Registrations Per 1,000 People Aged 15-64)

Based on a comparison of 112 countries in 2016, United Arab Emirates ranked the highest in new business density in terms of new registrations per 1,000 people aged 15-64 with 29.7 followed by Hong Kong and Estonia. On the other end of the scale was Liberia with 0.010, Dem. Republic of the Congo with 0.039 and Pakistan with 0.059.

Average new business density in terms of new registrations per 1,000 people aged 15-64 reached 4.66 in 2016 in the World according to the National Statistical Office. This is 1.51% more than in the previous year and 18.1% more than 10 years ago.

Historically, average new business density in terms of new registrations per 1,000 people aged 15-64 reached an all time high of 4.66 in 2016 and an all time low of 3.14 in 2004. The average annual growth amounted to 3.34% since 2004.

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Country Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Afghanistan             0.863 0.447 1.39 0.298 0.211    
Albania             8.35 8.70 8.98 10.9 10.6    
Algeria             0.379 0.477 0.533 0.536 0.579 ... ...
Argentina             0.465 0.499 0.519 0.455 0.430 ... ...
Armenia             1.24 1.30 1.54 1.54 1.55    
Australia             10.8 11.2 12.2 14.7 14.9    
Austria             0.615 0.567 0.537 0.609 0.740    
Azerbaijan ... ... ... ...     0.547 0.633 0.694 1.05 0.985    
Bangladesh             0.091 0.101 0.092 ... ... ... ...
Belarus             0.947 0.899 1.14 1.34 1.05    
Belgium             3.15 3.30 2.99 2.56 3.25    
Belize             3.02 2.98 2.88 3.22 3.08 ...  
Bhutan             0.038 0.048 0.166 0.047 0.056    
Bolivia             0.431 0.471 0.545 0.590 0.552    
Bosnia and Herzegovina ... ... ... ...     0.747 0.729 0.699 0.722 0.830    
Botswana             9.54 9.95 12.9 11.9 14.5    
Brazil             1.35 1.28 1.17 1.27 0.856    
Brunei ... ... ... ... ... ... ... 1.29 1.66 1.62 1.53    
Bulgaria             6.47 7.98 9.03 8.96 8.96    
Burkina Faso ... ...         0.134 0.136 0.148 ... ... ... ...
Cambodia             ... ... ... ... ... ... ...
Canada             1.04 1.09 1.07 ... 1.28    
Chile             3.77 4.90 5.69 7.03 8.03    
Colombia ...           1.49 1.82 2.00 ... 2.23    
Costa Rica             1.59 1.35 0.879 0.881 1.09    
Croatia             2.40 2.48 2.82 5.07 4.63    
Cyprus             24.7 24.7 22.5 13.4 13.7    
Czech Republic             3.03 2.89 2.96 3.09 3.42    
Dem. Republic of the Congo ... ... ... ...     0.020 0.010 0.020 0.016 0.044    
Denmark             6.06 5.99 5.74 5.72 8.00    
Dominican Republic ... ...         1.10 1.20 1.19 1.33 1.30    
East Timor ... ... ... ...     7.85 3.77 2.76 5.95 4.63 ... ...
Egypt             ... ... ... ... ... ... ...
El Salvador             0.486 0.458 0.494 0.494 0.511    
Estonia             12.9 16.5 16.9 18.0 17.5    
Ethiopia             ... ... ... ... ... ... ...
European Union             3.56 3.95 4.01 4.18 4.36    
Finland             3.48 3.59 3.54 3.55 3.43    
France             3.15 3.13 2.88 2.48 2.26    
Gabon             ... ... ... ... ... ... ...
Georgia             3.75 4.59 4.89 5.85 5.80    
Germany             1.37 1.32 1.29 1.29 1.27    
Ghana             0.986 1.09 0.896 ... ... ... ...
Greece             0.766 ... ... ... ... ... ...
Guatemala             0.656 0.538 0.522 ... ... ... ...
Guinea ... ... ... ... ... ... ... 0.193 0.226 0.043 0.127 ... ...
Haiti             0.065 0.050 0.063 ... ... ... ...
Hong Kong             26.5 28.0 28.1 32.6 31.3    
Hungary             6.45 7.64 4.75 4.18 3.66    
Iceland ...           7.66 8.04 8.33 9.17 9.56    
India             0.111 0.123 0.128 0.112 0.084    
Indonesia             0.243 0.276 0.295 0.311 0.346    
Iraq             2.80 2.83 2.86 2.93 2.93    
Ireland             4.58 4.67 4.50 5.03 5.78    
Israel             3.56 3.39 2.96 2.92 3.11    
Italy             2.20 2.01 1.91 2.15 2.31    
Jamaica             1.18 1.10 1.12 1.11 0.996    
Japan ... ...         0.088 0.110 0.124 ... 0.153 ... ...
Jordan             0.835 0.793 0.981 1.02 0.988    
Kazakhstan             1.51 1.64 1.71 2.11 2.26    
Kenya           ... ... ... ... ... 1.80 ... ...
Kosovo             0.834 0.932 1.23 1.66 1.77    
Kyrgyzstan ... ...         0.814 0.948 0.922 1.08 1.08    
Laos ... ... ... ...     0.215 0.299 ... ... ... ... ...
Latvia             7.88 12.2 11.6 11.4 10.6    
Lesotho             1.51 1.32 1.49 1.65 1.55 ... ...
Liberia ... ... ... ... ... ... ... ... ... ... ... ...  
Liechtenstein ... ... ... ...     0.494 0.819 0.977 1.21 1.17    
Lithuania             2.86 3.71 5.31 3.94 4.19    
Luxembourg             12.7 5.41 14.1 16.0 17.9    
Macedonia ... ...         4.51 4.02 3.60 3.65 3.70    
Madagascar ... ... ... ... ... ... ... 0.080 0.052 ... 0.112    
Malawi             ... ... ... ... ... ... ...
Malaysia             2.32 2.33 2.28 2.27 2.37    
Maldives             ... ... ... ... ... ... ...
Malta             10.5 11.6 13.7 15.5 17.3    
Mauritania ... ... ... ... ... ... ... ... ... ... ...    
Mauritius             8.17 7.89 7.39 6.85 7.86    
Mexico             0.601 0.583 0.397 0.534 0.538    
Moldova             1.61 1.75 1.73 1.75 1.92    
Mongolia ... ...         4.52 5.47 5.42 6.29 6.31 ... ...
Montenegro ... ...         5.61 5.57 5.87 6.85 7.27    
Morocco             1.32 1.40 1.51 1.50 1.55    
Myanmar ... ...         0.072 0.123 0.095 0.164 0.168    
Namibia             0.626 0.663 0.833 0.829 0.862    
Nepal             0.645 0.646 0.659 0.577 0.707    
Netherlands             3.04 3.20 4.38 6.26 5.82    
New Zealand             12.7 11.7 11.9 12.1 12.7    
Niger             ... ... ... ... ... ... ...
Nigeria             0.765 0.830 0.906 0.810 0.762    
Norway             4.36 5.10 7.75 7.89 7.72    
Oman             0.775 1.23 1.64 1.58 1.14    
Pakistan             0.029 0.033 0.038 0.036 0.042    
Panama             0.585 0.652 0.717 0.768 0.847    
Paraguay ... ...         0.252 0.090 0.122 0.133 0.102    
Peru             3.22 3.73 3.89 3.78 3.72    
Philippines             0.206 0.300 0.311 0.332 0.338    
Poland ...           0.664 0.703 0.904 1.10 1.13    
Portugal             4.01 4.53 3.97 4.62 4.62    
Qatar             1.51 2.06 1.74 1.66 1.70 ... ...
Romania             3.45 4.39 4.12 4.33 4.07    
Russia             2.52 1.53 3.87 3.90 4.20    
Rwanda             0.560 0.777 1.07 1.36 1.49    
Saudi Arabia ... ...         0.309 0.354 0.425 0.439 0.493    
Senegal             0.260 0.255 0.266 0.280 0.304    
Serbia ...           1.83 1.64 1.68 1.71 1.62    
Sierra Leone             0.285 0.256 0.321 0.308 0.196    
Singapore             7.35 7.79 8.04 8.73 9.51    
Slovakia             4.45 4.86 5.11 5.59 3.10    
Slovenia             3.83 4.06 4.36 4.33 4.44    
South Africa             6.36 5.50 6.64 6.96 6.71    
South Korea ... ...         1.68 1.80 2.03 2.06 2.30    
South Sudan ...           0.175 0.795 0.753 0.590 0.305    
Spain             2.40 2.61 2.73 2.91 2.99    
Sri Lanka ... ... ...       0.441 0.549 0.515 ... ... ... ...
Suriname             0.631 1.21 1.63 1.71 1.38    
Sweden             5.67 7.17 6.41 6.40 6.87    
Switzerland             4.17 4.41 4.35 4.51 4.55    
Syria             0.055 0.045 ... ... ... ... ...
Tajikistan             0.470 0.261 0.260 1.11 0.296    
Thailand             0.665 0.703 0.849 0.920 0.899    
Togo ... ...         0.161 0.172 0.197 0.195 0.256 ... ...
Tunisia             1.54 1.52 1.67 1.67 ... ... ...
Turkey             1.05 1.10 0.786 0.976 1.05    
Uganda             ... ... 1.17 ... ... ... ...
Ukraine ...           0.975 1.07 0.921 1.10 1.05    
United Arab Emirates             16.4 19.0 20.3 22.4 24.7    
United Kingdom             9.78 11.0 11.9 12.6 14.1    
Uruguay             3.13 3.35 2.98 3.18 2.49    
Uzbekistan             0.770 0.822 0.643 0.835 0.829    
Zambia             1.05 1.24 1.36 1.37 1.33    
World             3.58 3.67 3.83 4.33 4.35