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Coverage and Sources of Data

Data on business entities are primarily sourced from the registration records of the Accounting and Corporate Regulatory Authority (ACRA).

Data

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Formation of Business Entities

Title : Formation Of All Business Entities By Industry, Annual

Number

Data Items

2016
2017
2018
2019
2020
2021
2022
2023

Total

64,931
62,113
61,804
61,573
63,480
65,438
64,305
70,402

Manufacturing

2,078
2,011
1,919
2,102
2,471
2,663
2,437
2,683

Construction

3,032
2,850
2,716
2,716
2,402
3,019
3,261
3,431

Wholesale Trade

9,388
9,786
10,166
10,420
11,001
8,337
9,322
11,212

Retail Trade

5,827
5,418
5,216
5,798
8,943
8,271
5,183
5,996

Transportation & Storage

11,472
7,739
3,014
2,970
2,924
2,868
2,588
2,692

Accommodation

83
95
103
101
63
64
74
98

Food & Beverage Services

2,968
3,298
3,341
2,985
3,285
3,934
3,335
3,616

Information & Communications

5,251
5,480
8,195
6,834
6,660
7,869
9,056
9,403

Finance & Insurance

4,526
5,015
5,866
6,467
6,002
8,349
8,309
7,498

Real Estate

598
747
692
691
631
700
742
884

Professional Services

9,354
9,730
10,733
10,584
9,984
9,980
10,470
12,050

Administrative & Support Services

3,104
2,773
2,733
2,735
2,226
1,991
2,322
2,807

Education, Health & Social Services

3,324
3,504
3,400
3,213
3,130
3,271
2,873
3,572

Arts, Entertainment, Recreation & Other Services

3,480
3,324
3,353
3,549
3,362
3,742
4,006
4,118

Others

446
343
357
408
396
380
327
342
SOURCE : ACCOUNTING AND CORPORATE REGULATORY AUTHORITY

Cessation of Business Entities

Title : Cessation Of All Business Entities By Industry, Annual

Number

Data Items

2016
2017
2018
2019
2020
2021
2022
2023

Total

60,747
48,206
44,816
47,321
42,474
48,715
49,445
51,761

Manufacturing

2,326
1,751
1,706
1,764
1,631
1,970
2,117
2,263

Construction

2,649
2,278
2,192
2,331
1,921
2,178
2,310
2,405

Wholesale Trade

10,773
8,007
7,811
8,204
7,294
8,835
8,910
9,109

Retail Trade

8,631
5,141
4,489
5,110
4,496
5,291
5,790
5,776

Transportation & Storage

5,523
7,087
5,949
4,491
3,383
3,110
3,031
2,910

Accommodation

83
66
67
77
78
90
80
100

Food & Beverage Services

2,772
2,115
2,132
2,358
2,034
2,457
2,745
2,748

Information & Communications

4,692
3,569
3,466
4,174
4,713
5,377
5,220
6,057

Finance & Insurance

3,317
3,041
3,127
3,247
2,928
3,603
3,385
3,845

Real Estate

764
651
649
585
584
590
553
641

Professional Services

8,836
6,841
6,371
7,037
6,509
7,342
7,453
7,857

Administrative & Support Services

3,138
2,248
2,092
2,314
1,988
2,325
2,277
2,231

Education, Health & Social Services

3,098
2,333
2,042
2,495
2,252
2,489
2,440
2,520

Arts, Entertainment, Recreation & Other Services

3,839
2,813
2,470
2,875
2,410
2,749
2,830
2,959

Others

306
265
253
259
253
309
304
340
SOURCE : ACCOUNTING AND CORPORATE REGULATORY AUTHORITY

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