Group of 7 countries (G7) Compared by Economy > New business creation rate
DEFINITION:
Business entry rate shows the number of new firms, defined as firms registered in the current year of reporting, expressed as a percentage of total registered firms. Data are collected on firm entry and exit and total firms. Because of underreporting of firms that have closed or exited, especially in developing countries, the data on total registered firms may be biased upward.".
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Interesting observations about Economy > New business creation rate
- United Kingdom ranked first for new business creation rate amongst Europe in 2007.
- Singapore has had the highest new business creation rate since 2005.
- Bulgaria ranked first for new business creation rate amongst Eastern Europe in 2007.
- Italy ranked #4 for new business creation rate amongst European Union in 2007.
- Canada ranked last for new business creation rate amongst English speaking countries in 2007.
- New Zealand ranked second for new business creation rate amongst High income OECD countries in 2007.
- Russia ranked second for new business creation rate amongst Cold countries in 2007.
- Australia ranked first for new business creation rate amongst Non-religious countries in 2007.
- Denmark ranked third for new business creation rate amongst NATO countries in 2007.
- 47 of the bottom 67 countries by new business creation rate are Christian.
