Did you know that 163 million women started businesses across 74 economies worldwide this year?
The recently released Global Entrepreneurship Monitor (GEM) shared this very important factoid among others in its 2016/17 Women’s Report. The annual report, sponsored by Babson College, Smith College, Korea Entrepreneurship Foundation, Tecnológico de Monterrey, Universidad Del Desarrollo, and Universiti Tun Abdul Razak sheds a very comprehensive overview of the current global state of affairs as it relates to womenpreneurs.
A few important highlights of the report include:
- 163 million women launching new ventures and roughly 111 million are running established businesses
- Among the 63 economies surveyed in both the 2015/2016 and 2016/17 reports found that Total Entrepreneurial Activity (TEA) among women increased by 10 percent and the entrepreneurial gender gap narrowed by 5 percent.
- Entrepreneurial intentions increased among women by 16 percent year over year (from GEM’s last reporting)
- In the US and Canada 84 percent of women earned a post-secondary or higher education, highest education rates among women entrepreneurs
- Sub-Saharan Africa maintains the highest regional average TEA rate and strong average growth expectations, which translates into a lot of employment by women entrepreneurs in this region.
- In Indonesia, Philippines, Vietnam, Mexico and Brazil, women participate in entrepreneurship at equal or higher levels than men.
Want to know more? Check out the entire report here.