For the first time in 13 years, the Global Entrepreneurship Monitor (GEM) study of 59 economies shows that women are creating businesses at a greater rate than men in three economies and in four others, the rates are nearly equal.
In Ghana, Nigeria and Thailand the rate of nascent women is higher than men and in Brazil, Ecuador, Uganda and Switzerland the start-up rates by gender are equal. While in the other 52 economies the rates of women’s start-up are lower than men, sometimes up to 6x lower, this is generally good news, perhaps signaling a positive trend. This equalization follows decades of legislative, policy and socio-cultural changes that have gradually empowered, supported and trained women to perceive opportunities and believe they have the capabilities to start businesses.
Find out why this matters: How Women Entrepreneurs are Transforming Economies and Communities
Illustration credit: Babson College
Posted by: Laurel Delaney