Saudi Arabia New Business Registrations (Number per Year) (2024)
Saudi Arabia's New Business Registrations (Number per Year): 141,067 number of registrations in 2024, +198.8% YoY. World Bank (IC.BUS.NREG), 2006–2024.
Saudi Arabia (2024)
141,067
number of registrations
+198.8% YoY
YoY Change
+198.8%
Trend
up
Series length
19
years of data
Data
| Year | number of registrations | YoY Change |
|---|---|---|
| 2024 | 141,067 | +198.8% |
| 2023 | 47,219 | +44.1% |
| 2022 | 32,768 | +9.2% |
| 2021 | 30,011 | +32.5% |
| 2020 | 22,648 | -9.2% |
| 2019 | 24,945 | +20.3% |
| 2018 | 20,729 | +12.5% |
| 2017 | 18,420 | +6.7% |
| 2016 | 17,262 | -6.5% |
| 2015 | 18,468 | +13.8% |
| 2014 | 16,223 | +10.5% |
| 2013 | 14,688 | +14.0% |
| 2012 | 12,881 | +23.1% |
| 2011 | 10,463 | +15.7% |
| 2010 | 9,044 | +14.2% |
| 2009 | 7,917 | -0.4% |
| 2008 | 7,947 | +20.3% |
| 2007 | 6,604 | +24.7% |
| 2006 | 5,294 | n/a |
About this Dataset
Saudi Arabia recorded 141,067 number of registrations in 2024. The latest change was +198.8%. Across 2006–2024 the series ranges from 5,294 number of registrations in 2006 to 141,067 number of registrations in 2024.
This page tracks the number of new limited liability companies registered per year in Saudi Arabia. New business registrations are the primary proxy for startup formation and entrepreneurial activity in the formal economy.
Data sourced from World Bank via Open Data API. Values use World Bank standardised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks the number of new limited liability companies registered per year in Saudi Arabia. New business registrations are the primary proxy for startup formation and entrepreneurial activity in the formal economy. It is published by World Bank and updated annually.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 2006–2024 (19 observations).
The series is at its highest recorded level, 141,067 number of registrations in 2024, up from a low of 5,294 number of registrations in 2006. The latest change was +198.8%.