New business density
Tier A· OfficialNewly registered limited-liability companies per 1,000 working-age people — a proxy for entrepreneurial activity.
100 = highest new-business density in the dataset, 0 = lowest
Mixed reference years (2009–2024). This metric uses each country's most recent available year, so countries are not all measured in the same year — cross-country comparison is weakened. Each row shows its own reference year.
How this score is built
New business density — newly registered limited-liability firms per 1,000 people aged 15–64 — World Bank Entrepreneurship Database indicator IC.BUS.NDNS.ZS. Direction is higher_better (as a proxy for formal entrepreneurship; it captures only formally-registered companies, not informal enterprise). Normalized with min–max; the raw figure is shown. Most recent available year per country.
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100 = highest new-business density in the dataset, 0 = lowest
Full ranking
182 countries with data. Rank 1 = best. Click a column to sort; click a country for its full provenance.
| Rank ↑ | Country | Score | Raw value |
|---|---|---|---|
| 1st | Cayman IslandsCYM | 100100 | 201.005 new firms per 1,000 aged 15–64 |
| 2nd | Isle of ManIMN | 16.717 | 33.5838 new firms per 1,000 aged 15–64 |
| 3rd | Hong KongHKG | 14.3414 | 28.8491 new firms per 1,000 aged 15–64 |
| 4th | EstoniaEST | 13.313 | 26.7601 new firms per 1,000 aged 15–64 |
| 5th | Turks and Caicos IslandsTCA | 11.812 | 23.7433 new firms per 1,000 aged 15–64 |
| 6th | Cape VerdeCPV | 10.8111 | 21.7567 new firms per 1,000 aged 15–64 |
| 7th | United States Virgin IslandsVIR | 9.9210 | 19.9606 new firms per 1,000 aged 15–64 |
| 8th | LuxembourgLUX | 9.7510 | 19.6113 new firms per 1,000 aged 15–64 |
| 9th | United KingdomGBR | 9.5410 | 19.1907 new firms per 1,000 aged 15–64 |
| 10th | Saint Kitts and NevisKNA | 9.39 | 18.7213 new firms per 1,000 aged 15–64 |
| 11th | AustraliaAUS | 8.989 | 18.0608 new firms per 1,000 aged 15–64 |
| 12th | MontenegroMNE | 8.889 | 17.862 new firms per 1,000 aged 15–64 |
| 13th | New ZealandNZL | 7.978 | 16.0478 new firms per 1,000 aged 15–64 |
| 14th | ChinaCHN | 7.758 | 15.5905 new firms per 1,000 aged 15–64 |
| 15th | LiechtensteinLIE | 7.748 | 15.5742 new firms per 1,000 aged 15–64 |
| 16th | NauruNRU | 7.578 | 15.2263 new firms per 1,000 aged 15–64 |
| 17th | CroatiaHRV | 7.568 | 15.2149 new firms per 1,000 aged 15–64 |
| 18th | MauritiusMUS | 6.947 | 13.9751 new firms per 1,000 aged 15–64 |
| 19th | BotswanaBWA | 6.627 | 13.332 new firms per 1,000 aged 15–64 |
| 20th | BelizeBLZ | 6.466 | 13.0053 new firms per 1,000 aged 15–64 |
| 21st | Sint MaartenSXM | 6.216 | 12.492 new firms per 1,000 aged 15–64 |
| 22nd | SingaporeSGP | 5.766 | 11.5927 new firms per 1,000 aged 15–64 |
| 23rd | South AfricaZAF | 5.696 | 11.4575 new firms per 1,000 aged 15–64 |
| 24th | PortugalPRT | 5.465 | 10.9953 new firms per 1,000 aged 15–64 |
| 25th | IcelandISL | 5.395 | 10.856 new firms per 1,000 aged 15–64 |
| 26th | BulgariaBGR | 5.195 | 10.4556 new firms per 1,000 aged 15–64 |
| 27th | ChileCHL | 4.515 | 9.08967 new firms per 1,000 aged 15–64 |
| 28th | MaltaMLT | 4.24 | 8.46859 new firms per 1,000 aged 15–64 |
| 29th | NorwayNOR | 4.134 | 8.32003 new firms per 1,000 aged 15–64 |
| 30th | Ivory CoastCIV | 4.114 | 8.28426 new firms per 1,000 aged 15–64 |
| 31st | MongoliaMNG | 4.14 | 8.25641 new firms per 1,000 aged 15–64 |
| 32nd | BarbadosBRB | 4.034 | 8.11156 new firms per 1,000 aged 15–64 |
| 33rd | GeorgiaGEO | 3.784 | 7.6151 new firms per 1,000 aged 15–64 |
| 34th | RomaniaROU | 3.714 | 7.47411 new firms per 1,000 aged 15–64 |
| 35th | SwedenSWE | 3.514 | 7.08381 new firms per 1,000 aged 15–64 |
| 36th | LatviaLVA | 3.483 | 7.02057 new firms per 1,000 aged 15–64 |
| 37th | DenmarkDNK | 3.43 | 6.84898 new firms per 1,000 aged 15–64 |
| 38th | FranceFRA | 3.383 | 6.81708 new firms per 1,000 aged 15–64 |
| 39th | QatarQAT | 3.363 | 6.76566 new firms per 1,000 aged 15–64 |
| 40th | NamibiaNAM | 3.343 | 6.73803 new firms per 1,000 aged 15–64 |
| 41st | BrazilBRA | 3.313 | 6.66653 new firms per 1,000 aged 15–64 |
| 42nd | IrelandIRL | 3.33 | 6.64608 new firms per 1,000 aged 15–64 |
| 43rd | Costa RicaCRI | 3.133 | 6.31164 new firms per 1,000 aged 15–64 |
| 44th | BahrainBHR | 3.063 | 6.16208 new firms per 1,000 aged 15–64 |
| 45th | FinlandFIN | 2.963 | 5.97084 new firms per 1,000 aged 15–64 |
| 46th | SlovakiaSVK | 2.823 | 5.68132 new firms per 1,000 aged 15–64 |
| 47th | Saudi ArabiaSAU | 2.713 | 5.45701 new firms per 1,000 aged 15–64 |
| 48th | Puerto RicoPRI | 2.643 | 5.32737 new firms per 1,000 aged 15–64 |
| 49th | BelgiumBEL | 2.633 | 5.3082 new firms per 1,000 aged 15–64 |
| 50th | North MacedoniaMKD | 2.573 | 5.17707 new firms per 1,000 aged 15–64 |
| 51st | CanadaCAN | 2.563 | 5.16645 new firms per 1,000 aged 15–64 |
| 52nd | PeruPER | 2.432 | 4.89968 new firms per 1,000 aged 15–64 |
| 53rd | MoldovaMDA | 2.422 | 4.89036 new firms per 1,000 aged 15–64 |
| 54th | MaldivesMDV | 2.42 | 4.84809 new firms per 1,000 aged 15–64 |
| 55th | Saint Vincent and the GrenadinesVCT | 2.312 | 4.6578 new firms per 1,000 aged 15–64 |
| 56th | PanamaPAN | 2.242 | 4.52222 new firms per 1,000 aged 15–64 |
| 57th | Trinidad and TobagoTTO | 2.222 | 4.48864 new firms per 1,000 aged 15–64 |
| 58th | EswatiniSWZ | 2.172 | 4.3916 new firms per 1,000 aged 15–64 |
| 59th | CzechiaCZE | 2.132 | 4.30617 new firms per 1,000 aged 15–64 |
| 60th | SeychellesSYC | 2.112 | 4.26366 new firms per 1,000 aged 15–64 |
| 61st | Antigua and BarbudaATG | 2.062 | 4.16477 new firms per 1,000 aged 15–64 |
| 62nd | ArmeniaARM | 2.042 | 4.11991 new firms per 1,000 aged 15–64 |
| 63rd | HungaryHUN | 1.92 | 3.83488 new firms per 1,000 aged 15–64 |
| 64th | DominicaDMA | 1.852 | 3.73411 new firms per 1,000 aged 15–64 |
| 65th | SpainESP | 1.822 | 3.67288 new firms per 1,000 aged 15–64 |
| 66th | South KoreaKOR | 1.742 | 3.51375 new firms per 1,000 aged 15–64 |
| 67th | NetherlandsNLD | 1.692 | 3.40765 new firms per 1,000 aged 15–64 |
| 68th | KazakhstanKAZ | 1.652 | 3.34644 new firms per 1,000 aged 15–64 |
| 69th | UruguayURY | 1.62 | 3.23201 new firms per 1,000 aged 15–64 |
| 70th | SwitzerlandCHE | 1.552 | 3.12683 new firms per 1,000 aged 15–64 |
| 71st | ItalyITA | 1.532 | 3.08948 new firms per 1,000 aged 15–64 |
| 72nd | IsraelISR | 1.441 | 2.91729 new firms per 1,000 aged 15–64 |
| 73rd | GuyanaGUY | 1.431 | 2.90185 new firms per 1,000 aged 15–64 |
| 74th | UzbekistanUZB | 1.381 | 2.79324 new firms per 1,000 aged 15–64 |
| 75th | SurinameSUR | 1.371 | 2.77245 new firms per 1,000 aged 15–64 |
| 75th | ZimbabweZWE | 1.371 | 2.77182 new firms per 1,000 aged 15–64 |
| 77th | GrenadaGRD | 1.351 | 2.73838 new firms per 1,000 aged 15–64 |
| 78th | RwandaRWA | 1.341 | 2.71597 new firms per 1,000 aged 15–64 |
| 79th | FijiFJI | 1.331 | 2.699 new firms per 1,000 aged 15–64 |
| 80th | MoroccoMAR | 1.311 | 2.66203 new firms per 1,000 aged 15–64 |
| 81st | SloveniaSVN | 1.31 | 2.62498 new firms per 1,000 aged 15–64 |
| 82nd | JamaicaJAM | 1.281 | 2.59891 new firms per 1,000 aged 15–64 |
| 83rd | United Arab EmiratesARE | 1.221 | 2.47552 new firms per 1,000 aged 15–64 |
| 84th | GreeceGRC | 1.211 | 2.45083 new firms per 1,000 aged 15–64 |
| 85th | MalaysiaMYS | 1.171 | 2.37877 new firms per 1,000 aged 15–64 |
| 85th | PolandPOL | 1.171 | 2.37687 new firms per 1,000 aged 15–64 |
| 87th | Timor-LesteTLS | 1.151 | 2.33534 new firms per 1,000 aged 15–64 |
| 88th | AlbaniaALB | 1.131 | 2.29469 new firms per 1,000 aged 15–64 |
| 88th | RussiaRUS | 1.131 | 2.28488 new firms per 1,000 aged 15–64 |
| 90th | ColombiaCOL | 1.11 | 2.22221 new firms per 1,000 aged 15–64 |
| 91st | São Tomé and PríncipeSTP | 1.081 | 2.19216 new firms per 1,000 aged 15–64 |
| 92nd | KyrgyzstanKGZ | 1.061 | 2.15251 new firms per 1,000 aged 15–64 |
| 93rd | KuwaitKWT | 1.051 | 2.13556 new firms per 1,000 aged 15–64 |
| 93rd | LithuaniaLTU | 1.051 | 2.13247 new firms per 1,000 aged 15–64 |
| 95th | SerbiaSRB | 1.041 | 2.11752 new firms per 1,000 aged 15–64 |
| 96th | CyprusCYP | 1.031 | 2.08182 new firms per 1,000 aged 15–64 |
| 97th | AzerbaijanAZE | 0.991 | 2.00084 new firms per 1,000 aged 15–64 |
| 98th | VietnamVNM | 0.981 | 1.99944 new firms per 1,000 aged 15–64 |
| 99th | TürkiyeTUR | 0.971 | 1.97669 new firms per 1,000 aged 15–64 |
| 100th | TunisiaTUN | 0.91 | 1.82323 new firms per 1,000 aged 15–64 |
| 101st | OmanOMN | 0.881 | 1.7865 new firms per 1,000 aged 15–64 |
| 102nd | ParaguayPRY | 0.871 | 1.76075 new firms per 1,000 aged 15–64 |
| 103rd | ThailandTHA | 0.861 | 1.74887 new firms per 1,000 aged 15–64 |
| 104th | KenyaKEN | 0.851 | 1.73437 new firms per 1,000 aged 15–64 |
| 105th | Bosnia and HerzegovinaBIH | 0.811 | 1.64479 new firms per 1,000 aged 15–64 |
| 105th | UkraineUKR | 0.811 | 1.64611 new firms per 1,000 aged 15–64 |
| 107th | EcuadorECU | 0.781 | 1.58504 new firms per 1,000 aged 15–64 |
| 107th | VanuatuVUT | 0.781 | 1.58357 new firms per 1,000 aged 15–64 |
| 109th | GabonGAB | 0.771 | 1.57259 new firms per 1,000 aged 15–64 |
| 109th | LaosLAO | 0.771 | 1.56908 new firms per 1,000 aged 15–64 |
| 111th | AngolaAGO | 0.761 | 1.54761 new firms per 1,000 aged 15–64 |
| 112th | ZambiaZMB | 0.741 | 1.50115 new firms per 1,000 aged 15–64 |
| 113th | LesothoLSO | 0.721 | 1.46775 new firms per 1,000 aged 15–64 |
| 114th | Dominican RepublicDOM | 0.711 | 1.44632 new firms per 1,000 aged 15–64 |
| 114th | GermanyDEU | 0.711 | 1.44269 new firms per 1,000 aged 15–64 |
| 116th | GambiaGMB | 0.691 | 1.40392 new firms per 1,000 aged 15–64 |
| 116th | NepalNPL | 0.691 | 1.39847 new firms per 1,000 aged 15–64 |
| 118th | GhanaGHA | 0.671 | 1.3703 new firms per 1,000 aged 15–64 |
| 119th | BelarusBLR | 0.621 | 1.27367 new firms per 1,000 aged 15–64 |
| 120th | SenegalSEN | 0.61 | 1.2199 new firms per 1,000 aged 15–64 |
| 121st | Sri LankaLKA | 0.581 | 1.19309 new firms per 1,000 aged 15–64 |
| 122nd | El SalvadorSLV | 0.561 | 1.14415 new firms per 1,000 aged 15–64 |
| 123rd | TuvaluTUV | 0.551 | 1.12758 new firms per 1,000 aged 15–64 |
| 124th | NigeriaNGA | 0.541 | 1.11512 new firms per 1,000 aged 15–64 |
| 125th | Solomon IslandsSLB | 0.531 | 1.09337 new firms per 1,000 aged 15–64 |
| 125th | UgandaUGA | 0.531 | 1.0806 new firms per 1,000 aged 15–64 |
| 127th | Saint LuciaLCA | 0.521 | 1.06158 new firms per 1,000 aged 15–64 |
| 128th | TogoTGO | 0.511 | 1.03974 new firms per 1,000 aged 15–64 |
| 129th | GuatemalaGTM | 0.51 | 1.01773 new firms per 1,000 aged 15–64 |
| 130th | AustriaAUT | 0.490 | 0.999608 new firms per 1,000 aged 15–64 |
| 131st | BurundiBDI | 0.480 | 0.979776 new firms per 1,000 aged 15–64 |
| 132nd | IndonesiaIDN | 0.460 | 0.943583 new firms per 1,000 aged 15–64 |
| 132nd | MexicoMEX | 0.460 | 0.954048 new firms per 1,000 aged 15–64 |
| 134th | AlgeriaDZA | 0.40 | 0.828927 new firms per 1,000 aged 15–64 |
| 134th | MauritaniaMRT | 0.40 | 0.833395 new firms per 1,000 aged 15–64 |
| 136th | Burkina FasoBFA | 0.370 | 0.768016 new firms per 1,000 aged 15–64 |
| 136th | ComorosCOM | 0.370 | 0.764571 new firms per 1,000 aged 15–64 |
| 138th | SamoaWSM | 0.350 | 0.717803 new firms per 1,000 aged 15–64 |
| 138th | Sierra LeoneSLE | 0.350 | 0.732128 new firms per 1,000 aged 15–64 |
| 140th | TongaTON | 0.340 | 0.696541 new firms per 1,000 aged 15–64 |
| 141st | BeninBEN | 0.330 | 0.690066 new firms per 1,000 aged 15–64 |
| 141st | DjiboutiDJI | 0.330 | 0.675647 new firms per 1,000 aged 15–64 |
| 141st | GuineaGIN | 0.330 | 0.685253 new firms per 1,000 aged 15–64 |
| 144th | JordanJOR | 0.320 | 0.669005 new firms per 1,000 aged 15–64 |
| 144th | Papua New GuineaPNG | 0.320 | 0.673116 new firms per 1,000 aged 15–64 |
| 146th | EthiopiaETH | 0.290 | 0.607176 new firms per 1,000 aged 15–64 |
| 146th | IranIRN | 0.290 | 0.597395 new firms per 1,000 aged 15–64 |
| 148th | JapanJPN | 0.280 | 0.575576 new firms per 1,000 aged 15–64 |
| 149th | ArgentinaARG | 0.250 | 0.524637 new firms per 1,000 aged 15–64 |
| 150th | PhilippinesPHL | 0.240 | 0.507084 new firms per 1,000 aged 15–64 |
| 151st | BoliviaBOL | 0.220 | 0.471433 new firms per 1,000 aged 15–64 |
| 151st | BruneiBRN | 0.220 | 0.469246 new firms per 1,000 aged 15–64 |
| 151st | CambodiaKHM | 0.220 | 0.454833 new firms per 1,000 aged 15–64 |
| 151st | Guinea-BissauGNB | 0.220 | 0.468185 new firms per 1,000 aged 15–64 |
| 155th | CongoCOG | 0.190 | 0.40112 new firms per 1,000 aged 15–64 |
| 155th | MyanmarMMR | 0.190 | 0.393885 new firms per 1,000 aged 15–64 |
| 157th | HondurasHND | 0.180 | 0.373694 new firms per 1,000 aged 15–64 |
| 158th | MicronesiaFSM | 0.170 | 0.365813 new firms per 1,000 aged 15–64 |
| 159th | South SudanSSD | 0.140 | 0.303283 new firms per 1,000 aged 15–64 |
| 160th | EgyptEGY | 0.120 | 0.264833 new firms per 1,000 aged 15–64 |
| 160th | MaliMLI | 0.120 | 0.25151 new firms per 1,000 aged 15–64 |
| 162nd | MozambiqueMOZ | 0.110 | 0.245176 new firms per 1,000 aged 15–64 |
| 163rd | AfghanistanAFG | 0.10 | 0.220836 new firms per 1,000 aged 15–64 |
| 164th | Marshall IslandsMHL | 0.090 | 0.203625 new firms per 1,000 aged 15–64 |
| 164th | PakistanPAK | 0.090 | 0.202271 new firms per 1,000 aged 15–64 |
| 166th | IndiaIND | 0.080 | 0.175472 new firms per 1,000 aged 15–64 |
| 166th | TanzaniaTZA | 0.080 | 0.17249 new firms per 1,000 aged 15–64 |
| 168th | PalestinePSE | 0.070 | 0.170798 new firms per 1,000 aged 15–64 |
| 169th | ChadTCD | 0.060 | 0.132199 new firms per 1,000 aged 15–64 |
| 169th | TajikistanTJK | 0.060 | 0.14721 new firms per 1,000 aged 15–64 |
| 171st | IraqIRQ | 0.050 | 0.11677 new firms per 1,000 aged 15–64 |
| 171st | MadagascarMDG | 0.050 | 0.120362 new firms per 1,000 aged 15–64 |
| 173rd | Central African RepublicCAF | 0.040 | 0.0990857 new firms per 1,000 aged 15–64 |
| 173rd | DR CongoCOD | 0.040 | 0.109598 new firms per 1,000 aged 15–64 |
| 173rd | NigerNER | 0.040 | 0.0998274 new firms per 1,000 aged 15–64 |
| 176th | BhutanBTN | 0.030 | 0.0714241 new firms per 1,000 aged 15–64 |
| 176th | MalawiMWI | 0.030 | 0.0859072 new firms per 1,000 aged 15–64 |
| 178th | BangladeshBGD | 0.020 | 0.0647727 new firms per 1,000 aged 15–64 |
| 178th | HaitiHTI | 0.020 | 0.0652886 new firms per 1,000 aged 15–64 |
| 178th | LiberiaLBR | 0.020 | 0.0520478 new firms per 1,000 aged 15–64 |
| 181st | KiribatiKIR | 00 | 0.0268147 new firms per 1,000 aged 15–64 |
| 181st | SomaliaSOM | 00 | 0.0201873 new firms per 1,000 aged 15–64 |