World Bank Open Data · CC BY 4.0 Some World Bank indicators are published with a lag. The site always shows the latest actually available year for each country and indicator.
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Upper middle income
New business density (new registrations per 1,000 people ages 15-64)

Within the “Upper middle income” group, Cabo Verde leads New business density (new registrations per 1,000 people ages 15-64) in 2024 at 22, while Philippines sits at the lower end of the current snapshot with 1. This format is well suited to long-tail regional and income-group queries.

Group leaders

0.05.410.916.321.8Cabo VerdeCabo Verde: 2221.8MontenegroMontenegro: 1817.9ChinaChina: 1615.6MauritiusMauritius: 1414.0BotswanaBotswana: 1313.3BelizeBelize: 1313.0South AfricaSouth Africa: 1111.5KosovoKosovo: 88.3MongoliaMongolia: 88.3GeorgiaGeorgia: 87.6BrazilBrazil: 76.7North MacedoniaNorth Macedonia: 55.2

Country table

#CountryValue
1 Cabo Verde 22
2 Montenegro 18
3 China 16
4 Mauritius 14
5 Botswana 13
6 Belize 13
7 South Africa 11
8 Kosovo 8
9 Mongolia 8
10 Georgia 8
11 Brazil 7
12 North Macedonia 5
13 Peru 5
14 Moldova 5
15 Armenia 4
16 Dominica 4
17 Kazakhstan 3
18 Fiji 3
19 Jamaica 3
20 Malaysia 2
21 Albania 2
22 Colombia 2
23 Serbia 2
24 Azerbaijan 2
25 Viet Nam 2
26 Turkiye 2
27 Paraguay 2
28 Thailand 2
29 Bosnia and Herzegovina 2
30 Ecuador 2
31 Gabon 2
32 El Salvador 1
33 St. Lucia 1
34 Guatemala 1
35 Mexico 1
36 Indonesia 1
37 Algeria 1
38 Tonga 1
39 Jordan 1
40 Argentina 1
41 Philippines 1

Analytical takeaways

  • Inside the Upper middle income group for New business density (new registrations per 1,000 people ages 15-64) in 2024, Cabo Verde leads with a gap of 4 to the next country.
  • The peer set on this page covers 41 countries, and the lower end of the current distribution sits with Philippines at 1.
  • This page bridges the global ranking context with a more relevant regional or income-based comparison layer.