In 2021, the business discontinuation rate in Panama was 11.4 percent, the second highest in comparison to other surveyed Latin American and Caribbean countries. It was followed by Brazil, with a business discontinuation of 11.3 percent. According to data from the Global Entrepreneurship Monitor, the rate of business discontinuation is the percentage of individuals who have discontinued a business in the last 12 months. On the other hand, Panama had also the highest percentage of nascent entrepreneurship rate in 2020, with 23 percent.
Rate of business discontinuance in Latin America and the Caribbean in 2021, by country
* Business discontinuance tends to decline as economic development level increases. The rate shown here is comprised of individuals who have discontinued a business in the last 12 months.
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GEM. (February 10, 2022). Rate of business discontinuance in Latin America and the Caribbean in 2021, by country [Graph]. In Statista. Retrieved November 20, 2024, from https://www.statista.com/statistics/315592/the-rate-of-business-discontinuance-in-latin-america-and-caribbean/
GEM. "Rate of business discontinuance in Latin America and the Caribbean in 2021, by country." Chart. February 10, 2022. Statista. Accessed November 20, 2024. https://www.statista.com/statistics/315592/the-rate-of-business-discontinuance-in-latin-america-and-caribbean/
GEM. (2022). Rate of business discontinuance in Latin America and the Caribbean in 2021, by country. Statista. Statista Inc.. Accessed: November 20, 2024. https://www.statista.com/statistics/315592/the-rate-of-business-discontinuance-in-latin-america-and-caribbean/
GEM. "Rate of Business Discontinuance in Latin America and The Caribbean in 2021, by Country." Statista, Statista Inc., 10 Feb 2022, https://www.statista.com/statistics/315592/the-rate-of-business-discontinuance-in-latin-america-and-caribbean/
GEM, Rate of business discontinuance in Latin America and the Caribbean in 2021, by country Statista, https://www.statista.com/statistics/315592/the-rate-of-business-discontinuance-in-latin-america-and-caribbean/ (last visited November 20, 2024)
Rate of business discontinuance in Latin America and the Caribbean in 2021, by country [Graph], GEM, February 10, 2022. [Online]. Available: https://www.statista.com/statistics/315592/the-rate-of-business-discontinuance-in-latin-america-and-caribbean/
