Entrepreneurship in Latin America & Caribbean

34 countries in Latin America & Caribbean report new business density data. Cayman Islands leads the region at 201.01 new businesses per 1,000 adults, and the regional median is 3.73. Here is the full ranking.

#	Country	New business density
1	Cayman Islands	201.01
2	Turks and Caicos Islands	23.74
3	Virgin Islands (U.S.)	19.96
4	St. Kitts and Nevis	18.72
5	Belize	13.01
6	Sint Maarten (Dutch part)	12.49
7	Chile	9.09
8	Barbados	8.11
9	Brazil	6.67
10	Costa Rica	6.31
11	Puerto Rico (US)	5.33
12	Peru	4.90
13	St. Vincent and the Grenadines	4.66
14	Panama	4.52
15	Trinidad and Tobago	4.49
16	Antigua and Barbuda	4.16
17	Dominica	3.73
18	Uruguay	3.23
19	Guyana	2.90
20	Suriname	2.77
21	Grenada	2.74
22	Jamaica	2.60
23	Colombia	2.22
24	Paraguay	1.76
25	Ecuador	1.59
26	Dominican Republic	1.45
27	El Salvador	1.14
28	St. Lucia	1.06
29	Guatemala	1.02
30	Mexico	0.95
31	Argentina	0.52
32	Bolivia	0.47
33	Honduras	0.37
34	Haiti	0.07

Ranked by new business density, the most recent year each country reports. Updated 01 July 2026.