3 million adults undertook in 2017

Ecuadornews:

Three out of ten adult Ecuadorians are entrepreneurs in Ecuador. Of these, 52.1% are women and 47.9% are men.

The data was unveiled by the Global Entrepreneurship Monitor Ecuador presented by the Polytechnic School of the Litoral (Espol). GEM Ecuador collected information on 2,060 adults and 37 national experts.

The results show that, in 2017, around 3 million adults began the process of starting a business or owned one with less than 42 months old, which represents 29.6% of the population between 18 and 64 this is the highest rate of entrepreneurial activity (TEA) in the region for the sixth consecutive year.

The country is followed by Peru (24.6%) and Chile (23.8%). According to the sample, the Ecuadorian entrepreneur has an average of 36 years, with a consumer-oriented business, 11 years of schooling and 48.8% comes from households with a monthly income of between $ 375 and $ 750.

In addition, the 33, 4% have additional employment to their business and 50.2% are self-employed. In the evaluation of the entrepreneurial climate, the experts consulted positively highlighted the factors: commercial and professional infrastructure, access to physical infrastructure, social and cultural norms and education. The lowest score recorded by the investigation was for government policies and access to financing. (I)

Source: https://www.eltelegrafo.com.ec/noticias/economia/4/adultos-emprendimientos-ecuador