South Korea vs Nigeria: New businesses registered

South Korea
128,455 number
in 2023
Nigeria
136,961 number
in 2022
South Korea rank
15th
Nigeria rank
12th

New businesses registered over time

  • South Korea
  • Nigeria
50.0k100.0k150.0k200620142023

How they compare

Nigeria currently reports 136,961 number against 128,455 number in South Korea, a difference of 8,506 number.

That makes Nigeria's figure about 1.1 times South Korea's.

Across all 17 years both countries report, South Korea has been ahead every year.

Globally, South Korea ranks 15th and Nigeria ranks 12th of 176 countries.

Individual pages

About this data

Indicator
New businesses registered (number)
Unit
number
Source
Entrepreneurship Database, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
176 places, 2,895 data points, 2006–2024
Last refreshed

New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.