Among eight Latin American countries surveyed in 2019, Brazil had the highest new business ownership rate, at almost 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 2019, the new business ownership rate in Mexico was 3.4 percent.
New business ownership rate in selected Latin American countries in 2019
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GEM. (February 25, 2020). New business ownership rate in selected Latin American countries in 2019 [Graph]. In Statista. Retrieved September 28, 2020, 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 2019." Chart. February 25, 2020. Statista. Accessed September 28, 2020. https://www.statista.com/statistics/315421/new-business-ownership-rate-in-latin-america-and-caribbean/
GEM. (2020). New business ownership rate in selected Latin American countries in 2019. Statista. Statista Inc.. Accessed: September 28, 2020. 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 2019." Statista, Statista Inc., 25 Feb 2020, 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 2019 Statista, https://www.statista.com/statistics/315421/new-business-ownership-rate-in-latin-america-and-caribbean/ (last visited September 28, 2020)
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