U.S. Named the Best Country for Women Entrepreneurship

wegg® is proud to share that the 2019 Mastercard Index of Women Entrepreneurs has ranked the U.S. as the best country for women entrepreneurship. In a market where many women entrepreneurs are faced with numerous gender-related challenges throughout their careers, this is promising news.

The three elements on which each country was evaluated include, “women’s advancement outcomes like the rate of participation in the workforce, knowledge assets and financial access like financial inclusion, and entrepreneurial support like cultural perceptions of female entrepreneurs,” as highlighted in a recent Forbes article by Elana Lyn Gross.

Gross details the results,

“Based on the three factors, each country was given a score out of 100, with higher numbers indicating a better environment for female entrepreneurs. The U.S. is in the lead for the first time with a score of 70.3 because of an increased rate of women business owners compared to 2018. New Zealand was marked by very supportive entrepreneurial conditions — around three of every 10 business owners are female. Canada is the best country for access to financial services and products and quality of governance.”

“America Is Ranked The Best Country For Female Entrepreneurship,” Elana Lyn Gross

Besides the qualitative data regarding the conditions for fostering female entrepreneurship, each country was separately ranked on the amount of women entrepreneurs they had. In this area, the U.S. ranked fourth, following Uganda, Ghana, and Botswana, respectively.

wegg® aims to educate, inspire, and empower the women of every nation, in pursuit of all countries becoming places for women entrepreneurs to thrive. The success of women entrepreneurs across the globe is a success for all of us.