New business density data library

This is the stable catalog for the World Bank new business density files entrpr republishes. entrpr did not collect the observations. The definition and the 2024 findings are separate pages and are not repeated here.

Catalog published 2026-11-06. Dataset version 2026-11-06 (the extract date on site/data/countries.json). World Bank data, license CC BY 4.0. Rankings on the site were last rebuilt 06 November 2026.

Suggested citation

Source to name with that citation: World Bank, World Development Indicators, IC.BUS.NDNS.ZS and IC.BUS.NREG, licensed CC BY 4.0. entrpr is the publisher of this derivative, not the collector of the observations.

Files

Same addresses stay in place when a weekly rebuild replaces the bytes. Checksums below are SHA-256 of those bytes. CSV files are UTF-8 with a byte order mark so spreadsheet apps detect the encoding. JSON is UTF-8 without a byte order mark. A blank CSV cell is a null, not a zero.

FileBytesSHA-256
wdi-new-business-density-2024.csv11323b8cf467fda904e8bcc3244a48c219cb483e2a190ff17c22fe90eef3330fb0c3f
wdi-new-business-density-latest.csv17115c71486bab5da42d65ab9ebebaa5f35d612e0a8dd36b144513fbe489c600b9b08
wdi-new-business-density-panel.csv2036670dd8944891b9fa4adfe25eef3d6c73120c142f2dade9d08a2ead3e42821bf8ba
wdi-regional-medians-2024.csv1406c60b488887699bec41fe51fd1bdcd10d66b94f12837164634c99e9102d6b75f8
wdi-panel-median-2006-2024.csv2934123e6c9573c38c73cb2db1baa1a2c90589311439c0d729e52980a0cde23709d
global-business-formation-2024.json233988afbaf88e78377e89574e745a581063cdc9a39c429a8e35d83d48c91de4ec05e

The same hashes, without this HTML page, are in SHA256SUMS.txt. A download is the browser opening that file. entrpr does not record whether the save finished. Plausible stays deferred on entrpr pages, and this catalog does not send a custom event for a download, a citation copy, or an embed copy. The embed file does not load Plausible. Referring domains are reviewed monthly outside this site.

Reference year, counts, and nulls

134 economies have a 2024 new business density value. The median is 2.61 firms per 1,000 people ages 15-64. 134 of those rows also have a 2024 registration count. Registration counts answer a different question from density. Both columns are in wdi-new-business-density-2024.csv. The full table is on the definition page, with the same values.

Highest 2024 density in that file: Cayman Islands (CYM), 201.01. This economy is on the Eurostat offshore financial center list. Outside that offshore list, Estonia is highest at 26.76.

Most 2024 registrations: Brazil, 979,211 new limited-liability firms, density 6.67.

The United States has no density series in this extract. The cell is null, not zero. Nigeria's latest density year in this extract is 2022 (1.12). It is not in the 2024 table. Coverage notes for China, Canada, and the Democratic Republic of Congo stay on the definition page.

Field dictionary

FileFieldMeaning
wdi-new-business-density-2024.csviso3ISO3 code from the World Bank country list.
wdi-new-business-density-2024.csvnameWorld Bank country name.
wdi-new-business-density-2024.csvregionWorld Bank region name.
wdi-new-business-density-2024.csvincomeWorld Bank income group.
wdi-new-business-density-2024.csvyearReference year. Every row in this file is 2024.
wdi-new-business-density-2024.csvnew_business_densityIC.BUS.NDNS.ZS. New limited-liability firms per 1,000 people ages 15-64. Blank if the World Bank published no value.
wdi-new-business-density-2024.csvnew_registrationsIC.BUS.NREG for the same year. Count of new limited-liability firms. Blank if unpublished.
wdi-new-business-density-2024.csveurostat_offshore_financial_centertrue when the economy is on the Eurostat offshore list reproduced in the World Bank methodology note. Otherwise false.
wdi-new-business-density-2024.csvcoverage_noteWorld Bank coverage limit for this economy, or blank.
wdi-new-business-density-2024.csvrank_density_2024entrpr rank of 2024 density. 1 is the highest published value. Not a World Bank rank.
wdi-new-business-density-latest.csviso3ISO3 code from the World Bank country list.
wdi-new-business-density-latest.csvnameWorld Bank country name.
wdi-new-business-density-latest.csvregionWorld Bank region name.
wdi-new-business-density-latest.csvincomeWorld Bank income group.
wdi-new-business-density-latest.csvyearLatest year with a density value, or blank when the economy has no density series.
wdi-new-business-density-latest.csvnew_business_densityDensity for that latest year, or blank. Blank is not zero.
wdi-new-business-density-latest.csvnew_registrationsRegistrations for that same year when published, otherwise blank.
wdi-new-business-density-latest.csveurostat_offshore_financial_centertrue or false, same rule as the 2024 file.
wdi-new-business-density-latest.csvcoverage_noteWorld Bank coverage limit, or blank.
wdi-new-business-density-panel.csviso3ISO3 code.
wdi-new-business-density-panel.csvnameWorld Bank country name.
wdi-new-business-density-panel.csvregionWorld Bank region name.
wdi-new-business-density-panel.csvincomeWorld Bank income group.
wdi-new-business-density-panel.csvyearCalendar year of this observation.
wdi-new-business-density-panel.csvnew_business_densityIC.BUS.NDNS.ZS for that year, or blank.
wdi-new-business-density-panel.csvnew_registrationsIC.BUS.NREG for that year, or blank.
wdi-regional-medians-2024.csvregionWorld Bank region name.
wdi-regional-medians-2024.csvreference_year2024. Regions with no 2024 density value are omitted.
wdi-regional-medians-2024.csveconomies_with_densityEconomies in the region with a 2024 density value, including offshore centers.
wdi-regional-medians-2024.csveconomies_excluding_offshore_centersThat count after Eurostat offshore financial centers are removed.
wdi-regional-medians-2024.csvmedian_density_excluding_offshore_centersMedian of the remaining 2024 density values, or blank when none remain.
wdi-regional-medians-2024.csvincluded_in_regional_comparisontrue when at least 10 economies remain after the offshore exclusion. Those rows are the regional chart.
wdi-regional-medians-2024.csvsample_noteHow to read the median for this region.
wdi-panel-median-2006-2024.csvyearCalendar year from 2006 through 2024.
wdi-panel-median-2006-2024.csveconomiesEconomies in the fixed panel. The count does not change with the year.
wdi-panel-median-2006-2024.csvmedian_new_business_densityMedian density that year on the fixed panel, offshore centers removed.

Methodology, short version

Unit: new limited-liability firms per 1,000 people ages 15-64 in a calendar year (IC.BUS.NDNS.ZS). The registration column is the count of those firms (IC.BUS.NREG), not divided by population. entrpr stores the World Bank value after Python round, half to even: 2 decimal places for density, a whole number for registrations. Missing stays missing.

The 2024 file keeps one reference year. The latest-year file uses each economy's newest density year, and it includes a blank row when an economy has neither series. The panel file is every published economy-year in the extract. Offshore financial centers stay in those files because the World Bank publishes them. They are removed only for the regional comparison and the fixed-panel median, which is the World Bank's own trend rule, using the Eurostat list in the methodology note.

A region is in the comparison chart when at least 10 economies remain after that exclusion. The fixed panel keeps economies observed every year from 2006 through 2024, then drops offshore centers. It is not a world median. Full wording, the formula, and the source links are on the definition methods and the methodology page.

The 6 November 2026 API comparison applied to extract 2026-07-01. This page is built from extract 2026-11-06, so that comparison is not restated as current.

Regional medians, 2024

World Bank region names, 2024 only. There is no separate Europe, Africa, or Asia file. Those labels do not match these regions. The chart includes only rows marked true in the comparison column. The table is the full file, including regions that are too small for that comparison.

Regional median new business density, 2024Median new business density in 2024 by World Bank region, excluding Eurostat offshore financial centers, for regions with at least 10 remaining economies. Axis starts at zero.Europe & Central Asia (n=41)4.89Latin America & Caribbean (n=14)1.99East Asia & Pacific (n=14)1.88Middle East, North Africa, Afghanistan & Pakistan (n=11)1.82Sub-Saharan Africa (n=33)1.04
Median new business density in 2024 by World Bank region, excluding Eurostat offshore financial centers, for regions with at least 10 remaining economies. Axis starts at zero. Source: entrpr median of World Bank IC.BUS.NDNS.ZS, 2024, offshore centers excluded.

Download SVG · Download PNG

SVG viewBox 760 by 170. PNG is 1520 by 340 pixels. The table below is the text alternative for the file, not only for the bars.

regionreference_yeareconomies_with_densityeconomies_excluding_offshore_centersmedian_density_excluding_offshore_centersincluded_in_regional_comparisonsample_note
Europe & Central Asia202443414.89true2024 new business density only. Median excludes Eurostat offshore financial centers. Included in the regional comparison because at least 10 economies remain.
Latin America & Caribbean202423141.99true2024 new business density only. Median excludes Eurostat offshore financial centers. Included in the regional comparison because at least 10 economies remain.
East Asia & Pacific202418141.88true2024 new business density only. Median excludes Eurostat offshore financial centers. Included in the regional comparison because at least 10 economies remain.
Middle East, North Africa, Afghanistan & Pakistan202412111.82true2024 new business density only. Median excludes Eurostat offshore financial centers. Included in the regional comparison because at least 10 economies remain.
Sub-Saharan Africa202436331.04true2024 new business density only. Median excludes Eurostat offshore financial centers. Included in the regional comparison because at least 10 economies remain.
South Asia2024220.12false2024 new business density only. Median excludes Eurostat offshore financial centers. Not included in the regional comparison because fewer than 10 economies remain.

Download the regional CSV.

Fixed panel, 2006 to 2024

Fixed set of economies with a new business density value in every year from 2006 through 2024, after Eurostat offshore financial centers are removed. Not a median of every economy. The panel has 85 economies. The median is 1.20 in 2006 and 2.62 in 2024.

yeareconomiesmedian_new_business_density
2006851.20
2007851.54
2008851.31
2009851.24
2010851.32
2011851.35
2012851.51
2013851.51
2014851.55
2015851.55
2016851.75
2017851.85
2018851.93
2019851.94
2020852.04
2021852.30
2022852.57
2023852.55
2024852.62

Download the panel median CSV. Economy-level history is the full panel, not this median.

Charts

Charts are static files generated with the site. Nothing is drawn in the visitor's browser from a third party. Each PNG is twice the SVG viewBox, in pixels.

ChartSVGPNGDownloadTable
Top 20 new business density, 2024760 by 5901520 by 1180SVG · PNGTable
Most new limited-liability registrations, 2024760 by 3101520 by 620SVG · PNGTable
New business density change, 2023 to 2024760 by 5061520 by 1012SVG · PNGTable
Regional median new business density, 2024760 by 1701520 by 340SVG · PNGTable
Median new business density, 2006 to 2024760 by 3001520 by 600SVG · PNGTable

Embed the regional chart

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Source credit inside the frame points here. It is optional to keep that link. It is not a condition written into the data license beyond CC BY 4.0 attribution for the World Bank observations.

Versions and corrections

The version in the citation is the generated date in site/data/countries.json. These file addresses do not change. A later extract overwrites them. Older extracts are not kept as separate public copies.

To report a possible error, use the form on the data page. Check the cited World Bank series and year first. entrpr does not run a separate corrections inbox on this page.

How to update the version note when the extract changes is in docs/data-library.md in the site repository.