Nascent entrepreneurship rate in Latin America and the Caribbean by country 2020

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In 2020, among selected surveyed countries in Latin America and the Caribbean, Panama had the highest percentage of population involved in setting up a new business, with 23 percent of respondents. Chile nascent entrepreneurship rate ranked second, amounting to nearly 20 percent. The nascent entrepreneurship rate refers to the percentage of population who are currently a nascent entrepreneur, i.e., actively involved in setting up a business they will own or co-own.

Percentage of population involved in setting up a new business in Latin America and the Caribbean in 2020, by country

Characteristic	Nascent entrepreneurship rate*
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Release date

May 2021

More information

Region

LAC

Survey time period

2020

Number of respondents

about 2,000 respondents per country

Age group

18-64 years

Method of interview

Questionnaire

Supplementary notes

* Percentage of adults aged 18–64 who are currently nascent entrepreneurs, i.e. are actively involved in setting up a business they will own or co-own; this business has not yet paid salaries, wages or made any other payments to the owners for more than three months.

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