New business density (new registrations per 1,000 people ages 15-64)

This indicator captures the vitality of entrepreneurship in a region by analyzing the number of new limited liability corporations, or their equivalents, formed within a given calendar year, adjusted for the population aged 15-64. It serves as a critical gauge of economic dynamism, reflecting the level of innovation, opportunity, and responsiveness to market demands. A higher density suggests a thriving entrepreneurial ecosystem, indicative of supportive policies, access to resources, and favorable market conditions, while lower densities may signal barriers to entry or economic stagnation. By examining this metric, policymakers and investors can identify emerging trends, tailor support initiatives, and foster a healthier environment for business creation, ultimately driving economic growth and job creation. Source: