New business ownership rate in Latin America 2020

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

Characteristic	New business ownership 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 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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