Where the world builds a business

#	Country	Region	New business density	1-yr
1	Cayman Islands	Latin America & Caribbean	201.01	+26.47
2	Isle of Man	Europe & Central Asia	33.58	-0.46
3	Hong Kong SAR, China	East Asia & Pacific	28.85	+2.91
4	Estonia	Europe & Central Asia	26.76	+1.91
5	Turks and Caicos Islands	Latin America & Caribbean	23.74	-2.34
6	Cabo Verde	Sub-Saharan Africa	21.76	+3.75
7	Virgin Islands (U.S.)	Latin America & Caribbean	19.96	-3.34
8	Luxembourg	Europe & Central Asia	19.61	+0.96
9	United Kingdom	Europe & Central Asia	19.19	-0.96
10	St. Kitts and Nevis	Latin America & Caribbean	18.72	-9.91
11	Australia	East Asia & Pacific	18.06	+1.43
12	Montenegro	Europe & Central Asia	17.86	-4.30
13	New Zealand	East Asia & Pacific	16.05	-0.39
14	China	East Asia & Pacific	15.59	-4.48
15	Liechtenstein	Europe & Central Asia	15.57	-0.71
16	Nauru	East Asia & Pacific	15.23	+12.95
17	Croatia	Europe & Central Asia	15.21	-0.54
18	Mauritius	Sub-Saharan Africa	13.98	+2.42
19	Botswana	Sub-Saharan Africa	13.33	+5.44
20	Belize	Latin America & Caribbean	13.01	+1.43
21	Sint Maarten (Dutch part)	Latin America & Caribbean	12.49	+2.25
22	Singapore	East Asia & Pacific	11.59	+0.13
23	South Africa	Sub-Saharan Africa	11.46	+1.77
24	Portugal	Europe & Central Asia	11.00	+3.62
25	Iceland	Europe & Central Asia	10.86	-0.95
26	Bulgaria	Europe & Central Asia	10.46	+0.52
27	Chile	Latin America & Caribbean	9.09	-0.53
28	Malta	Middle East, North Africa, Afghanistan & Pakistan	8.47	-0.03
29	Kosovo	Europe & Central Asia	8.35	+1.44
30	Norway	Europe & Central Asia	8.32	-0.42
31	Cote d'Ivoire	Sub-Saharan Africa	8.28	-0.31
32	Mongolia	East Asia & Pacific	8.26	+1.13
33	Barbados	Latin America & Caribbean	8.11	+0.38
34	Georgia	Europe & Central Asia	7.62	-0.42
35	Romania	Europe & Central Asia	7.47	-0.67
36	Sweden	Europe & Central Asia	7.08	-0.46
37	Latvia	Europe & Central Asia	7.02	+0.43
38	Denmark	Europe & Central Asia	6.85	-0.03
39	France	Europe & Central Asia	6.82	+0.28
40	Qatar	Middle East, North Africa, Afghanistan & Pakistan	6.77	+0.27
41	Namibia	Sub-Saharan Africa	6.74	+0.16
42	Brazil	Latin America & Caribbean	6.67	+0.72
43	Ireland	Europe & Central Asia	6.65	+0.27
44	Costa Rica	Latin America & Caribbean	6.31	+0.49
45	Bahrain	Middle East, North Africa, Afghanistan & Pakistan	6.16	-0.10
46	Finland	Europe & Central Asia	5.97	+0.23
47	Slovak Republic	Europe & Central Asia	5.68	-0.31
48	Saudi Arabia	Middle East, North Africa, Afghanistan & Pakistan	5.46	+3.54
49	Puerto Rico (US)	Latin America & Caribbean	5.33	+0.45
50	Belgium	Europe & Central Asia	5.31	-1.03
51	North Macedonia	Europe & Central Asia	5.18	-0.10
52	Canada	North America	5.17	-0.16
53	Peru	Latin America & Caribbean	4.90	-0.07
54	Moldova	Europe & Central Asia	4.89	+0.82
55	Maldives	South Asia	4.85	+0.74
56	St. Vincent and the Grenadines	Latin America & Caribbean	4.66	+0.59
57	Panama	Latin America & Caribbean	4.52	-0.66
58	Trinidad and Tobago	Latin America & Caribbean	4.49	-0.15
59	Eswatini	Sub-Saharan Africa	4.39	-0.11
60	Czechia	Europe & Central Asia	4.31	+0.26
61	Seychelles	Sub-Saharan Africa	4.26	+1.49
62	Antigua and Barbuda	Latin America & Caribbean	4.16	+0.16
63	Armenia	Europe & Central Asia	4.12	-0.93
64	Hungary	Europe & Central Asia	3.83	-0.21
65	Dominica	Latin America & Caribbean	3.73	+0.34
66	Spain	Europe & Central Asia	3.67	+0.29
67	Korea, Rep.	East Asia & Pacific	3.51	-0.42
68	Netherlands	Europe & Central Asia	3.41	+0.34
69	Kazakhstan	Europe & Central Asia	3.35	-0.41
70	Uruguay	Latin America & Caribbean	3.23	+0.14
71	Switzerland	Europe & Central Asia	3.13	+0.28
72	Italy	Europe & Central Asia	3.09	+0.24
73	Israel	Middle East, North Africa, Afghanistan & Pakistan	2.92	-0.03
74	Guyana	Latin America & Caribbean	2.90	+0.17
75	Uzbekistan	Europe & Central Asia	2.79	-0.28
76	Suriname	Latin America & Caribbean	2.77	+0.57
77	Zimbabwe	Sub-Saharan Africa	2.77	-0.09
78	Grenada	Latin America & Caribbean	2.74	-0.52
79	Rwanda	Sub-Saharan Africa	2.72	+0.46
80	Fiji	East Asia & Pacific	2.70	+0.13
81	Morocco	Middle East, North Africa, Afghanistan & Pakistan	2.66	+0.11
82	Slovenia	Europe & Central Asia	2.62	-0.11
83	Jamaica	Latin America & Caribbean	2.60	+0.02
84	United Arab Emirates	Middle East, North Africa, Afghanistan & Pakistan	2.48	-0.44
85	Greece	Europe & Central Asia	2.45	+0.02
86	Malaysia	East Asia & Pacific	2.38	+0.13
87	Poland	Europe & Central Asia	2.38	+0.07
88	Timor-Leste	East Asia & Pacific	2.34	+0.66
89	Albania	Europe & Central Asia	2.29	+0.39
90	Russian Federation	Europe & Central Asia	2.28	-0.27
91	Colombia	Latin America & Caribbean	2.22	+0.09
92	Sao Tome and Principe	Sub-Saharan Africa	2.19	-0.03
93	Kyrgyz Republic	Europe & Central Asia	2.15	+0.38
94	Kuwait	Middle East, North Africa, Afghanistan & Pakistan	2.14	-0.16
95	Lithuania	Europe & Central Asia	2.13	-0.41
96	Serbia	Europe & Central Asia	2.12	-0.12
97	Cyprus	Europe & Central Asia	2.08	+0.25
98	Azerbaijan	Europe & Central Asia	2.00	-0.21
99	Viet Nam	East Asia & Pacific	2.00	-0.02
100	Turkiye	Europe & Central Asia	1.98	-0.23
101	Tunisia	Middle East, North Africa, Afghanistan & Pakistan	1.82	+0.20
102	Oman	Middle East, North Africa, Afghanistan & Pakistan	1.79	-0.14
103	Paraguay	Latin America & Caribbean	1.76	+0.16
104	Thailand	East Asia & Pacific	1.75	+0.06
105	Kenya	Sub-Saharan Africa	1.73	+0.00
106	Ukraine	Europe & Central Asia	1.65	+0.13
107	Bosnia and Herzegovina	Europe & Central Asia	1.64	-0.07
108	Ecuador	Latin America & Caribbean	1.59	-0.07
109	Vanuatu	East Asia & Pacific	1.58	+0.53
110	Gabon	Sub-Saharan Africa	1.57	+0.35
111	Lao PDR	East Asia & Pacific	1.57	+0.25
112	Angola	Sub-Saharan Africa	1.55	+0.06
113	Zambia	Sub-Saharan Africa	1.50	-0.03
114	Lesotho	Sub-Saharan Africa	1.47	-0.69
115	Dominican Republic	Latin America & Caribbean	1.45	+0.07
116	Germany	Europe & Central Asia	1.44	+0.03
117	Gambia, The	Sub-Saharan Africa	1.40	-0.21
118	Nepal	South Asia	1.40	+0.39
119	Ghana	Sub-Saharan Africa	1.37	-1.02
120	Belarus	Europe & Central Asia	1.27	-0.04
121	Senegal	Sub-Saharan Africa	1.22	-0.02
122	Sri Lanka	South Asia	1.19	-0.05
123	El Salvador	Latin America & Caribbean	1.14	+0.40
124	Tuvalu	East Asia & Pacific	1.13	-0.75
125	Nigeria	Sub-Saharan Africa	1.12	+0.03
126	Solomon Islands	East Asia & Pacific	1.09	+0.24
127	Uganda	Sub-Saharan Africa	1.08	+0.04
128	St. Lucia	Latin America & Caribbean	1.06	-1.78
129	Togo	Sub-Saharan Africa	1.04	-0.09
130	Guatemala	Latin America & Caribbean	1.02	+0.13
131	Austria	Europe & Central Asia	1.00	-0.08
132	Burundi	Sub-Saharan Africa	0.98	-0.43
133	Mexico	Latin America & Caribbean	0.95	-0.03
134	Indonesia	East Asia & Pacific	0.94	-0.03
135	Mauritania	Sub-Saharan Africa	0.83	-0.14
136	Algeria	Middle East, North Africa, Afghanistan & Pakistan	0.83	+0.08
137	Burkina Faso	Sub-Saharan Africa	0.77	+0.10
138	Comoros	Sub-Saharan Africa	0.76	-0.10
139	Sierra Leone	Sub-Saharan Africa	0.73	-0.06
140	Samoa	East Asia & Pacific	0.72	+0.28
141	Tonga	East Asia & Pacific	0.70	+0.17
142	Benin	Sub-Saharan Africa	0.69	-0.09
143	Guinea	Sub-Saharan Africa	0.69	-0.53
144	Djibouti	Middle East, North Africa, Afghanistan & Pakistan	0.68	-0.00
145	Papua New Guinea	East Asia & Pacific	0.67	+0.02
146	Jordan	Middle East, North Africa, Afghanistan & Pakistan	0.67	+0.11
147	Ethiopia	Sub-Saharan Africa	0.61	-0.01
148	Iran, Islamic Rep.	Middle East, North Africa, Afghanistan & Pakistan	0.60	n/a
149	Japan	East Asia & Pacific	0.58	+0.02
150	Argentina	Latin America & Caribbean	0.52	-0.20
151	Philippines	East Asia & Pacific	0.51	+0.03
152	Bolivia	Latin America & Caribbean	0.47	-0.03
153	Brunei Darussalam	East Asia & Pacific	0.47	+0.11
154	Guinea-Bissau	Sub-Saharan Africa	0.47	+0.05
155	Cambodia	East Asia & Pacific	0.45	+0.02
156	Congo, Rep.	Sub-Saharan Africa	0.40	+0.10
157	Myanmar	East Asia & Pacific	0.39	+0.18
158	Honduras	Latin America & Caribbean	0.37	+0.01
159	Micronesia, Fed. Sts.	East Asia & Pacific	0.37	n/a
160	South Sudan	Sub-Saharan Africa	0.30	+0.17
161	Egypt, Arab Rep.	Middle East, North Africa, Afghanistan & Pakistan	0.26	-0.02
162	Mali	Sub-Saharan Africa	0.25	-0.13
163	Mozambique	Sub-Saharan Africa	0.25	-0.05
164	Afghanistan	Middle East, North Africa, Afghanistan & Pakistan	0.22	+0.06
165	Marshall Islands	East Asia & Pacific	0.20	n/a
166	Pakistan	Middle East, North Africa, Afghanistan & Pakistan	0.20	+0.00
167	India	South Asia	0.18	+0.01
168	Tanzania	Sub-Saharan Africa	0.17	-0.05
169	West Bank and Gaza	Middle East, North Africa, Afghanistan & Pakistan	0.17	+0.03
170	Tajikistan	Europe & Central Asia	0.15	+0.01
171	Chad	Sub-Saharan Africa	0.13	-0.04
172	Madagascar	Sub-Saharan Africa	0.12	+0.00
173	Iraq	Middle East, North Africa, Afghanistan & Pakistan	0.12	+0.02
174	Congo, Dem. Rep.	Sub-Saharan Africa	0.11	+0.01
175	Niger	Sub-Saharan Africa	0.10	+0.01
176	Central African Republic	Sub-Saharan Africa	0.10	-0.00
177	Malawi	Sub-Saharan Africa	0.09	-0.02
178	Bhutan	South Asia	0.07	-0.01
179	Haiti	Latin America & Caribbean	0.07	+0.02
180	Bangladesh	South Asia	0.06	-0.01
181	Liberia	Sub-Saharan Africa	0.05	+0.02
182	Kiribati	East Asia & Pacific	0.03	-0.02
183	Somalia, Fed. Rep.	Sub-Saharan Africa	0.02	-0.01

New limited-liability company registrations per 1,000 people ages 15 to 64 in a given year. The headline measure of how actively people start formal businesses. Values are the most recent year available per country.