In 2020, among selected surveyed countries in Latin America and the Caribbean, Panama had the highest percentage of population involved in setting up a new business, with 23 percent of respondents. Chile nascent entrepreneurship rate ranked second, amounting to nearly 20 percent. The nascent entrepreneurship rate refers to the percentage of population who are currently a nascent entrepreneur, i.e., actively involved in setting up a business they will own or co-own.
Percentage of population involved in setting up a new business in Latin America and the Caribbean in 2020, by country
* Percentage of adults aged 18–64 who are currently nascent entrepreneurs, i.e. are actively involved in setting up a business they will own or co-own; this business has not yet paid salaries, wages or made any other payments to the owners for more than three months.
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GEM. (May 3, 2021). Percentage of population involved in setting up a new business in Latin America and the Caribbean in 2020, by country [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/315375/nascent-entrepreneurship-rate-in-latin-america-and-caribbean/
GEM. "Percentage of population involved in setting up a new business in Latin America and the Caribbean in 2020, by country." Chart. May 3, 2021. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/315375/nascent-entrepreneurship-rate-in-latin-america-and-caribbean/
GEM. (2021). Percentage of population involved in setting up a new business in Latin America and the Caribbean in 2020, by country. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/315375/nascent-entrepreneurship-rate-in-latin-america-and-caribbean/
GEM. "Percentage of Population Involved in Setting up a New Business in Latin America and The Caribbean in 2020, by Country." Statista, Statista Inc., 3 May 2021, https://www.statista.com/statistics/315375/nascent-entrepreneurship-rate-in-latin-america-and-caribbean/
GEM, Percentage of population involved in setting up a new business in Latin America and the Caribbean in 2020, by country Statista, https://www.statista.com/statistics/315375/nascent-entrepreneurship-rate-in-latin-america-and-caribbean/ (last visited December 30, 2024)
Percentage of population involved in setting up a new business in Latin America and the Caribbean in 2020, by country [Graph], GEM, May 3, 2021. [Online]. Available: https://www.statista.com/statistics/315375/nascent-entrepreneurship-rate-in-latin-america-and-caribbean/