Startups in Latin America - statistics & facts
Starting a company is not an easy task, nevertheless the world has been witnessing a growing number of startups being created. In Latin America and the Caribbean, the working-age population involved in setting up a new business can range from eight percent in Brazil to over 25 percent in Ecuador. Brazil, for instance, is one of the Latin American countries with the highest entrepreneurship rate among businesses up to 3.5 years old. This means that startups are not only founded, they also prosper there. The region also stands out for having the highest female entrepreneurship rates in the world, most notably Ecuador, where over one third of working-age women are involved in early-stage business activities.
