In 2023, nearly one third of the adult population in Ecuador was involved in start-ups, making it the highest in the Americas. Guatemala, Panama, and Chile followed close behind. Overall, the early-stage entrepreneurial activity rate was high in Latin American countries. The rate was lowest in the United States, with only 15 percent of the adult population involved in the early stage of a start-up in 2022.
An economy’s total early-stage entrepreneurial activity (TEA) rate is defined as the prevalence rate of individuals in the working age population who are actively involved in business startups, either in the phase in advance of the birth of the firm, or the phase spanning 42 months after the birth of the firm.
Percentage of population involved in business start-ups in the Americas in 2023, by country
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GEM. (February 13, 2024). Percentage of population involved in business start-ups in the Americas in 2023, by country [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/315492/percentage-of-population-involved-in-business-start-ups-in-latin-america-and-caribbean/
GEM. "Percentage of population involved in business start-ups in the Americas in 2023, by country." Chart. February 13, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/315492/percentage-of-population-involved-in-business-start-ups-in-latin-america-and-caribbean/
GEM. (2024). Percentage of population involved in business start-ups in the Americas in 2023, by country. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/315492/percentage-of-population-involved-in-business-start-ups-in-latin-america-and-caribbean/
GEM. "Percentage of Population Involved in Business Start-ups in The Americas in 2023, by Country." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/315492/percentage-of-population-involved-in-business-start-ups-in-latin-america-and-caribbean/
GEM, Percentage of population involved in business start-ups in the Americas in 2023, by country Statista, https://www.statista.com/statistics/315492/percentage-of-population-involved-in-business-start-ups-in-latin-america-and-caribbean/ (last visited November 23, 2024)
Percentage of population involved in business start-ups in the Americas in 2023, by country [Graph], GEM, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/315492/percentage-of-population-involved-in-business-start-ups-in-latin-america-and-caribbean/
