Global entrepreneurship trends in 5 charts

^{Source: Entrepreneurship Database}

Overall, between 2006 and 2022, high income economies had the biggest increase in entry density, with a 1.6 percentage point increase, followed by middle income economies (Figure 2). After being severely impacted by the 2008/09 financial crisis in high and upper middle-income economies, average new business density rates continued to grow steadily until 2020. In 2020, Covid-19 slowed entrepreneurial activity in high and middle economies but in 2021 most economies experienced a spike in business registrations.

For low-income economies, the average new business density had been very low and far below those of other income groups since 2006. New business density has only timidly progressed in low-income economies and went from 0.2 new LLCs per 1,000 adults in 2006 to 0.4 new LLCs per 1,000 adults in 2022.

 

^{3. Economies experienced a rebound in new business registrations in 2021.}