New businesses registered in Somalia
Somalia: New businesses registered was 195 number in 2024. ◆ Volatile
New businesses registered in Somalia, 2016–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
In 2024, new businesses registered in Somalia stood at 195 number.
The figure is down 36.3% on the previous year and down 87.0% over ten years.
Over the whole period, new businesses registered in Somalia peaked at 1,500 number in 2016 and was at its lowest, 144 number, in 2021.
That places Somalia 166th out of 176 countries with data for 2024, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1,125 number | 800 number | 1,500 number | 4 |
| 2020s | 340.8 number | 144 number | 800 number | 5 |
Countries ranked near Somalia
More private sector data for Somalia
- Merchandise exports 1.30 billion current US$ (2025)
- Manufactures exports 1.3% (1982)
- Food exports 93.7% (1982)
- Merchandise imports 3.93 billion current US$ (2025)
- Manufactures imports 54.7% (1982)
- Food imports 22.4% (1982)
- Merchandise trade 40.2% (2025)
- Merchandise imports by the reporting economy, residual 0.0% (2023)
- Merchandise imports from low- and middle-income economies in East Asia 33.6% (2023)
- Merchandise imports from low- and middle-income economies in Sub-Sahar 8.8% (2023)
Frequently asked questions
- What is new businesses registered in Somalia?
- New businesses registered in Somalia was 195 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Somalia?
- The highest recorded value was 1,500 number in 2016.
- What is the lowest new businesses registered recorded in Somalia?
- The lowest recorded value was 144 number in 2021.
- How does Somalia rank for new businesses registered?
- Somalia ranks 166th out of 176 countries with data for 2024.
- Is new businesses registered rising or falling in Somalia?
- Over the last ten years it is down 87.0%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New businesses registered (number). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.