Share of possible entrepreneurs with fear of failure worldwide 2023, by country

Published by
Einar H. Dyvik,
Apr 23, 2024
In 2023, less than one in five in Iran who saw good opportunities for starting a business in the country were deterred by a fear of failure. This was the lowest of the 48 countries where this survey was conducted. South Korea followed in second with 27 percent fearing to fail, with Switzerland in third. On the other hand, nearly two thirds of potential entrepreneurs in China were deterred by fear of failure, a concern that also was high in South Africa, India, and Saudi Arabia.

Share of possible entrepreneurs deterred from starting a business due to fear of failure worldwide in 2023, by country

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Release date

February 2024

Region

Worldwide

Survey time period

April to June, 2023

Number of respondents

173,000, about 2,000 per country

Age group

18-64 years

Special properties

data is composed of the Adult Population Survey and the National Expert Survey

Method of interview

Questionnaire

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