Latin America: early-stage entrepreneurship rate 2023, by country

Published by Statista Research Department, Sep 9, 2024

In 2023, Ecuador was the leading Latin American country based on total early-stage entrepreneurial activity (TEA) with a TEA rate of 32.7 percent. It was followed closely by Guatemala, with 32.4 percent of respondents being at an initial stage of running a business.

Leading countries based on early-stage entrepreneurship rate in Latin America in 2023

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Release date

February 2024

Region

LAC

Survey time period

2023

Number of respondents

about 2,000 per country

Age group

18-64

Supplementary notes

TEA (early-stage entrepreneurial activity) = percentage of adults who have started or are running a business in the initial stage (first 3.5 years).

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