New businesses registered (number) - Country Ranking

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 United Kingdom 663,616.00 2016
2 Russia 433,464.00 2016
3 South Africa 376,727.00 2016
4 Australia 246,623.00 2016
5 Hong Kong SAR, China 144,883.00 2016
6 Chile 109,974.00 2016
7 Italy 102,135.00 2016
8 Spain 99,231.00 2016
9 Korea 96,155.00 2016
10 India 93,714.00 2016
11 Colombia 76,334.00 2016
12 France 76,276.00 2016
13 Peru 75,397.00 2016
14 Nigeria 75,380.00 2016
15 Romania 73,889.00 2016
16 Germany 70,720.00 2016
17 Netherlands 67,127.00 2016
18 Turkey 62,674.00 2016
19 Indonesia 58,426.00 2016
20 New Zealand 58,167.00 2016
21 Bulgaria 50,753.00 2016
22 Sweden 49,960.00 2016
23 Thailand 48,907.00 2016
24 Ukraine 48,138.00 2016
25 Malaysia 46,555.00 2016
26 Mexico 45,256.00 2016
27 Poland 43,523.00 2016
28 Morocco 38,817.00 2016
29 Denmark 36,384.00 2016
30 Singapore 35,021.00 2016
31 Portugal 33,641.00 2016
32 Norway 27,920.00 2016
33 Czech Republic 27,881.00 2016
34 Belgium 27,248.00 2016
35 Botswana 26,613.00 2016
36 Kazakhstan 26,319.00 2016
37 Switzerland 24,135.00 2016
38 Hungary 22,328.00 2016
39 Philippines 21,735.00 2016
40 Uzbekistan 21,395.00 2016
41 Georgia 21,262.00 2016
42 Ireland 20,750.00 2016
43 United Arab Emirates 20,597.00 2016
44 Brazil 18,393.00 2016
45 Slovak Republic 18,007.00 2016
46 Kenya 17,896.00 2008
47 Israel 17,802.00 2016
48 Nepal 17,735.00 2016
49 Estonia 17,696.00 2016
50 Algeria 15,574.00 2014
51 Cyprus 13,647.00 2016
52 Croatia 13,618.00 2016
53 Finland 13,590.00 2016
54 Ghana 13,154.00 2012
55 Rwanda 13,120.00 2016
56 Tunisia 12,691.00 2013
57 Mongolia 12,492.00 2014
58 Japan 11,886.00 2014
59 Argentina 11,672.00 2014
60 Uganda 11,152.00 2009
61 Latvia 10,318.00 2016
62 Dominican Republic 9,990.00 2016
63 Saudi Arabia 9,726.00 2016
64 Zambia 9,534.00 2016
65 Bangladesh 9,193.00 2012
66 Mauritius 8,792.00 2016
67 Serbia 8,236.00 2016
68 Azerbaijan 7,218.00 2016
69 Belarus 7,206.00 2016
70 Oman 7,116.00 2016
71 Costa Rica 7,028.00 2016
72 Myanmar 6,999.00 2016
73 Sri Lanka 6,975.00 2012
74 Pakistan 6,893.00 2016
75 Lithuania 6,352.00 2016
76 Luxembourg 6,207.00 2016
77 Greece 5,761.00 2010
78 North Macedonia 5,686.00 2016
79 Malta 5,166.00 2016
80 Kyrgyz Republic 4,936.00 2016
81 Moldova 4,608.00 2016
82 Uruguay 4,571.00 2016
83 Slovenia 4,309.00 2016
84 Guatemala 4,306.00 2011
85 Bolivia 3,612.00 2016
86 Armenia 3,573.00 2016
87 Afghanistan 3,492.00 2016
88 Gabon 3,490.00 2009
89 Austria 3,486.00 2016
90 Jordan 3,450.00 2016
91 Senegal 3,418.00 2016
92 Qatar 3,288.00 2014
93 Timor-Leste 2,889.00 2014
94 Montenegro 2,818.00 2016
95 Bosnia and Herzegovina 2,814.00 2016
96 Albania 2,679.00 2016
97 Iceland 2,667.00 2016
98 Jamaica 2,543.00 2016
99 Panama 2,204.00 2016
99 El Salvador 2,204.00 2016
101 Iraq 2,020.00 2016
102 Lesotho 1,942.00 2014
103 Namibia 1,613.00 2016
104 Dem. Rep. Congo 1,565.00 2016
105 Canada 1,564.00 2016
106 Ethiopia 1,327.00 2009
107 Burkina Faso 1,268.00 2012
108 Mauritania 1,213.00 2016
109 Lao PDR 1,172.00 2011
110 Sierra Leone 1,082.00 2016
111 Madagascar 1,011.00 2016
112 Togo 995.00 2014
113 Tajikistan 984.00 2016
114 Belize 911.00 2016
115 Guinea 839.00 2014
116 Brunei 760.00 2016
117 Paraguay 623.00 2016
118 Malawi 619.00 2009
119 Syrian Arab Republic 598.00 2011
120 Suriname 523.00 2016
121 Haiti 383.00 2010
122 St. Lucia 332.00 2016
122 São Tomé and Principe 332.00 2014
124 Antigua and Barbuda 279.00 2016
125 Vanuatu 245.00 2016
126 Grenada 184.00 2016
127 Dominica 157.00 2016
128 St. Vincent and the Grenadines 118.00 2016
129 Samoa 114.00 2016
130 Tonga 49.00 2016
131 Bhutan 47.00 2016
132 Liechtenstein 34.00 2016
133 Liberia 31.00 2016
134 Niger 24.00 2009

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Development Relevance: Entrepreneurship is a critical part of economic development and growth and important for the continued dynamism of the modern economy. To measure entrepreneurial activity, annual data is collected directly from 139 company registrars on the number of newly registered firms over the past seven years. The data shows the trends in new firm creation across regions, the relationship between entrepreneurship and the business environment and financial development, and the financial crisis' effect on the entrepreneurial activity in the formal sector. Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: 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. The Entrepreneurship Database facilitates the analysis of the growth of the formal private sector and the identification of factors that encourage firms to begin operations in or transition to the formal sector. Data is collected all limited liability corporations regardless of size. Partnerships and sole proprietorships are not considered in the analysis due to the differences with respect to their definition and regulation worldwide. Data on the number of total or closed firms are not included due to heterogeneity in how these entities are defined and measured. The Entrepreneurship Database is a critical source of data that facilitates the measurement of entrepreneurial activity across countries and over time. The data also allows for a deeper understanding of the relationship between new firm registration, the regulatory environment, and economic growth. Previous research using the Entrepreneurship Database has shown a significant relationship between the level of cost, time, and procedures required to start a business and new firm registration. To facilitate cross-country comparability, the Entrepreneurship Database employs a consistent unit of measurement, source of information, and concept of entrepreneurship that is applicable and available among the diverse sample of participating economies.

Statistical Concept and Methodology: To facilitate cross-country comparability, the Entrepreneurship Database employs a consistent unit of measurement, source of information, and concept of entrepreneurship that is applicable and available among the diverse sample of participating economies. The data collection process involves telephone interviews and email correspondence with business registries in 139 economies. The main sources of information for this study are national business registries. In a limited number of cases where the business registry was unable to provide the data - most often due to an absence of digitized registration systems - the Entrepreneurship Database uses other alternatives sources, such as statistical agencies, tax and labor agencies, chambers of commerce, and private vendors or publicly available data. The units of measurement are private, formal sector companies with limited liability.

Periodicity: Annual

General Comments: For cross-country comparability, only limited liability corporations that operate in the formal sector are included.