Figure 1.
The chart presents mean new businesses registered for emerging economies and advanced economies from 2006 to 2020. Emerging economies increase overall from about 60000 in 2006 to about 140000 in 2020 with noticeable growth after 2014 and strong increases in 2019 and 2020. Advanced economies increase from about 75000 in 2006 to about 135000 in 2020 with steady growth after 2011. Advanced economies show higher values than emerging economies from 2006 to 2018, while emerging economies exceed advanced economies in 2019 and remain higher in 2020.Year wise trends of new businesses registered (emerging and advanced economies)
Source: World Bank Entrepreneurship Database, 2022