Among six Latin American countries surveyed in 2020, Guatemala had the highest new business ownership rate, at over 16 percent. New business ownership rate refers to the percentage of population aged 18 to 64 who are currently an owner or manager of a new business. This includes owning and managing a running business that has paid salaries, wages, or any other payments to the owners for more than three months, but not more than 42 months. According to data from the Global Entrepreneurship Monitor, in 2020, the new business ownership rate in Brazil stood at 13.4 percent.
New business ownership rate in selected Latin American countries in 2020
* Percentage of adults aged 18–64 who are currently owner-managers of
a new business, i.e. who own and manage a running business that has
paid salaries, wages or made any other payments to the owners for
more than three months, but not more than 42 months (3.5 years).
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GEM. (May 3, 2021). New business ownership rate in selected Latin American countries in 2020 [Graph]. In Statista. Retrieved August 11, 2022, from https://www.statista.com/statistics/315421/new-business-ownership-rate-in-latin-america-and-caribbean/
GEM. "New business ownership rate in selected Latin American countries in 2020." Chart. May 3, 2021. Statista. Accessed August 11, 2022. https://www.statista.com/statistics/315421/new-business-ownership-rate-in-latin-america-and-caribbean/
GEM. (2021). New business ownership rate in selected Latin American countries in 2020. Statista. Statista Inc.. Accessed: August 11, 2022. https://www.statista.com/statistics/315421/new-business-ownership-rate-in-latin-america-and-caribbean/
GEM. "New Business Ownership Rate in Selected Latin American Countries in 2020." Statista, Statista Inc., 3 May 2021, https://www.statista.com/statistics/315421/new-business-ownership-rate-in-latin-america-and-caribbean/
GEM, New business ownership rate in selected Latin American countries in 2020 Statista, https://www.statista.com/statistics/315421/new-business-ownership-rate-in-latin-america-and-caribbean/ (last visited August 11, 2022)
