New businesses registered by country, 2023

New limited liability companies registered in the calendar year. Sole proprietorships and other legal forms are excluded.

140 places ranked for 2023. Highest: United Kingdom (874,419 companies). Lowest: Naoero (16 companies). The median is 10,325 companies.

Unit: new limited liability companies Source: World Bank Trend, map and download

Highest 10

  1. 1. United Kingdom 874,419 companies
  2. 2. Brazil 872,849 companies
  3. 3. South Africa 412,780 companies
  4. 4. China 368,965 companies
  5. 5. Australia 286,290 companies
  6. 6. France 274,417 companies
  7. 7. Russia 241,246 companies
  8. 8. Indonesia 185,765 companies
  9. 9. India 165,120 companies
  10. 10. Viet Nam 137,271 companies

Lowest 10

  1. 140. Naoero 16 companies
  2. 139. Tonga 32 companies
  3. 138. Liberia 94 companies
  4. 137. Brunei 121 companies
  5. 136. Dominica 156 companies
  6. 135. Seychelles 237 companies
  7. 134. Central African Republic 245 companies
  8. 133. Antigua and Barbuda 263 companies
  9. 132. Somalia, Fed. Rep. 306 companies
  10. 131. Saint Lucia 371 companies

The chart shows the 40 highest values; the table lists all 140. Source: World Bank, World Development Indicators.

In short

  • Among the 140 countries with a value for 2023, the highest is United Kingdom (874,419 companies) and the lowest Naoero (16 companies).
  • Half of the countries are above 10,325 companies and half below.
  • From 2022 to 2023 the value rose in 1 countries and fell in 5.

Full ranking

New businesses registered by country, 2023
#CountryValuePeriodRelative size
1 United Kingdom 874,419 companies 2023
2 Brazil 872,849 companies 2023
3 South Africa 412,780 companies 2023
4 China 368,965 companies 2023
5 Australia 286,290 companies 2023
6 France 274,417 companies 2023
7 Russia 241,246 companies 2023
8 Indonesia 185,765 companies 2023
9 India 165,120 companies 2023
10 Viet Nam 137,271 companies 2023
11 Hong Kong SAR, China 132,246 companies 2023
12 Türkiye 128,456 companies 2023
13 South Korea 128,455 companies 2023
14 Chile 123,159 companies 2023
15 Peru 112,218 companies 2023
16 Spain 108,020 companies 2023
17 Italy 107,066 companies 2023
18 Romania 99,839 companies 2023
19 Mexico 85,460 companies 2023
20 Thailand 85,300 companies 2023
21 Colombia 78,022 companies 2023
22 Germany 74,997 companies 2023
23 Uzbekistan 69,517 companies 2023
24 Morocco 63,661 companies 2023
25 Kenya 57,016 companies 2023
26 New Zealand 55,883 companies 2023
27 Malaysia 55,510 companies 2023
28 Poland 55,395 companies 2023
29 Singapore 50,945 companies 2023
30 Sweden 49,445 companies 2023
31 Portugal 49,158 companies 2023
32 Ghana 48,634 companies 2023
33 Kazakhstan 47,545 companies 2023
34 Saudi Arabia 47,219 companies 2023
35 Ethiopia 45,688 companies 2023
36 Japan 40,946 companies 2023
37 Bulgaria 40,779 companies 2023
38 Belgium 39,772 companies 2023
39 Philippines 36,329 companies 2023
40 Norway 31,347 companies 2023
41 Pakistan 28,790 companies 2023
42 Angola 28,737 companies 2023
43 Czechia 28,041 companies 2023
44 Uganda 27,346 companies 2023
45 Denmark 26,006 companies 2023
46 Zimbabwe 25,717 companies 2023
47 Hungary 25,090 companies 2023
48 Ireland 22,162 companies 2023
49 Algeria 21,677 companies 2023
50 Argentina 21,641 companies 2023
51 Estonia 21,490 companies 2023
52 Slovakia 21,457 companies 2023
53 Côte d'Ivoire 20,895 companies 2023
54 Costa Rica 20,475 companies 2023
55 Ecuador 19,971 companies 2023
56 Finland 19,698 companies 2023
57 Georgia 19,007 companies 2023
58 Rwanda 18,443 companies 2023
59 Zambia 17,837 companies 2023
60 Israel 17,436 companies 2023
61 Greece 15,897 companies 2023
62 Azerbaijan 15,606 companies 2023
63 Mongolia 15,509 companies 2023
64 Croatia 14,749 companies 2023
65 Tunisia 13,108 companies 2023
66 Senegal 12,966 companies 2023
67 Cyprus 12,674 companies 2023
68 Botswana 12,479 companies 2023
69 Namibia 11,533 companies 2023
70 Mauritius 10,490 companies 2023
71 Guatemala 10,160 companies 2023
72 Armenia 10,075 companies 2023
73 Burundi 10,062 companies 2023
74 Guinea 9,706 companies 2023
75 Cayman Islands 9,582 companies 2023
76 Serbia 9,392 companies 2023
77 Montenegro 8,869 companies 2023
78 Kuwait 8,738 companies 2023
79 Luxembourg 8,587 companies 2023
80 Burkina Faso 8,455 companies 2023
81 Kosovo 8,033 companies 2023
82 Latvia 7,792 companies 2023
83 Kyrgyzstan 7,772 companies 2023
84 Bahrain 7,635 companies 2023
85 Bangladesh 7,494 companies 2023
86 Paraguay 7,083 companies 2023
87 Uruguay 6,860 companies 2023
88 Laos 6,551 companies 2023
89 Moldova 6,443 companies 2023
90 North Macedonia 6,315 companies 2023
91 Cabo Verde 6,308 companies 2023
92 Benin 6,043 companies 2023
93 Austria 5,982 companies 2023
94 Togo 5,977 companies 2023
95 Democratic Republic of the Congo 5,375 companies 2023
96 Jamaica 5,346 companies 2023
97 Cambodia 4,765 companies 2023
98 Lithuania 4,756 companies 2023
99 Jordan 4,140 companies 2023
100 Sierra Leone 3,905 companies 2023
101 Bolivia 3,712 companies 2023
102 Slovenia 3,685 companies 2023
103 Bosnia and Herzegovina 3,554 companies 2023
104 Albania 3,474 companies 2023
105 Eswatini 3,440 companies 2023
106 Belize 3,244 companies 2023
107 Malta 3,150 companies 2023
108 El Salvador 3,107 companies 2023
109 Iceland 3,093 companies 2023
110 Mauritania 2,617 companies 2023
111 Honduras 2,483 companies 2023
112 Gambia 2,449 companies 2023
113 Madagascar 2,100 companies 2023
114 Maldives 1,928 companies 2023
115 Isle of Man 1,798 companies 2023
116 Gabon 1,792 companies 2023
117 Chad 1,632 companies 2023
118 Fiji 1,576 companies 2023
119 US Virgin Islands 1,497 companies 2023
120 Barbados 1,449 companies 2023
121 Guyana 1,448 companies 2023
122 Niger 1,202 companies 2023
123 Republic of the Congo 1,059 companies 2023
124 Saint Kitts and Nevis 950 companies 2023
125 Turks and Caicos Islands 878 companies 2023
126 Guinea-Bissau 524 companies 2023
127 Djibouti 517 companies 2023
128 Liechtenstein 425 companies 2023
129 Comoros 424 companies 2023
130 West Bank and Gaza 415 companies 2023
131 Saint Lucia 371 companies 2023
132 Somalia, Fed. Rep. 306 companies 2023
133 Antigua and Barbuda 263 companies 2023
134 Central African Republic 245 companies 2023
135 Seychelles 237 companies 2023
136 Dominica 156 companies 2023
137 Brunei 121 companies 2023
138 Liberia 94 companies 2023
139 Tonga 32 companies 2023
140 Naoero 16 companies 2023

Places are ordered from the highest to the lowest value. Group medians on this site are the middle value of the members with data for the same year; they are not official aggregates.

How this ranking works

Every country is ranked on its value for 2023, the latest period that most countries have, so all values are for the same point in time. Countries without a value for 2023 are left out. Groups and aggregates such as the European Union are not ranked. Values are as published by World Bank; the ranking is a plain ordering from the highest to the lowest value and says nothing about whether a high value is good or bad.

Earlier years: use the year selector above. Methodology · Coverage and freshness

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