{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"sa-new-business-registrations","url":"https://apiardata.com/statistics/sa-new-business-registrations","html_url":"https://apiardata.com/statistics/sa-new-business-registrations/","title":"Saudi Arabia New Business Registrations (Number per Year) (2024)","description":"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.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","World Bank","Saudi Arabia","2024"],"publisher":"World Bank","frequency":"Annual","geography":"Saudi Arabia","temporal_coverage":"2006/2024","unit":"number of registrations","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2024","variable_measured":"Saudi Arabia New Business Registrations (Number per Year)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/IC.BUS.NREG?locations=SA"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2006–2024"},{"label":"Observations","value":"19"},{"label":"Geography","value":"Saudi Arabia"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"Saudi Arabia (2024)","value":"141,067","unit":"number of registrations","trend":{"direction":"up","value":"+198.8% YoY"}},{"label":"YoY Change","value":"+198.8%","unit":"number of registrations"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"19","unit":"years of data"}],"series":[{"key":"value","label":"Saudi Arabia New Business Registrations (Number per Year)"}],"observation_count":19,"observations":[{"period":"2006","value":5294},{"period":"2007","value":6604},{"period":"2008","value":7947},{"period":"2009","value":7917},{"period":"2010","value":9044},{"period":"2011","value":10463},{"period":"2012","value":12881},{"period":"2013","value":14688},{"period":"2014","value":16223},{"period":"2015","value":18468},{"period":"2016","value":17262},{"period":"2017","value":18420},{"period":"2018","value":20729},{"period":"2019","value":24945},{"period":"2020","value":22648},{"period":"2021","value":30011},{"period":"2022","value":32768},{"period":"2023","value":47219},{"period":"2024","value":141067}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"number of registrations"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2024","value":"141067.0","yoyChange":"+198.8%"},{"year":"2023","value":"47219.0","yoyChange":"+44.1%"},{"year":"2022","value":"32768.0","yoyChange":"+9.2%"},{"year":"2021","value":"30011.0","yoyChange":"+32.5%"},{"year":"2020","value":"22648.0","yoyChange":"-9.2%"},{"year":"2019","value":"24945.0","yoyChange":"+20.3%"},{"year":"2018","value":"20729.0","yoyChange":"+12.5%"},{"year":"2017","value":"18420.0","yoyChange":"+6.7%"},{"year":"2016","value":"17262.0","yoyChange":"-6.5%"},{"year":"2015","value":"18468.0","yoyChange":"+13.8%"},{"year":"2014","value":"16223.0","yoyChange":"+10.5%"},{"year":"2013","value":"14688.0","yoyChange":"+14.0%"},{"year":"2012","value":"12881.0","yoyChange":"+23.1%"},{"year":"2011","value":"10463.0","yoyChange":"+15.7%"},{"year":"2010","value":"9044.0","yoyChange":"+14.2%"},{"year":"2009","value":"7917.0","yoyChange":"-0.4%"},{"year":"2008","value":"7947.0","yoyChange":"+20.3%"},{"year":"2007","value":"6604.0","yoyChange":"+24.7%"},{"year":"2006","value":"5294.0","yoyChange":"n/a"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks the number of new limited liability companies registered per year in Saudi Arabia from 2006 to present. 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."},{"question":"How current is this data?","answer":"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)."},{"question":"What is the long-term trend?","answer":"The series peaked at 141,067 number of registrations in 2024 and reached its lowest recorded value of 5,294 in 2006. The latest reading of 141,067 in 2024 represents a change of +93,848."}]}