new business ownership rate in 2020, at over 16 percent.
In 2021, Guatemala had an established business ownership rate of 12.7 percent, the highest among selected surveyed countries in Latin America and the Caribbean. It was followed by Brazil with a ten percent rate. Established businesses and their owner-managers often provide stable employment and exploit the knowledge and social capital accumulated in past experiences. Established businesses are also an important source of new businesses. Furthermore, Guatemala had also the highest Established business ownership rate in Latin America and the Caribbean in 2021, by country
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GEM. (February 10, 2022). Established business ownership rate in Latin America and the Caribbean in 2021, by country [Graph]. In Statista. Retrieved March 28, 2024, from https://www.statista.com/statistics/315534/established-business-ownership-rate-in-latin-america-and-caribbean/
GEM. "Established business ownership rate in Latin America and the Caribbean in 2021, by country." Chart. February 10, 2022. Statista. Accessed March 28, 2024. https://www.statista.com/statistics/315534/established-business-ownership-rate-in-latin-america-and-caribbean/
GEM. (2022). Established business ownership rate in Latin America and the Caribbean in 2021, by country. Statista. Statista Inc.. Accessed: March 28, 2024. https://www.statista.com/statistics/315534/established-business-ownership-rate-in-latin-america-and-caribbean/
GEM. "Established Business Ownership Rate in Latin America and The Caribbean in 2021, by Country." Statista, Statista Inc., 10 Feb 2022, https://www.statista.com/statistics/315534/established-business-ownership-rate-in-latin-america-and-caribbean/
GEM, Established business ownership rate in Latin America and the Caribbean in 2021, by country Statista, https://www.statista.com/statistics/315534/established-business-ownership-rate-in-latin-america-and-caribbean/ (last visited March 28, 2024)
Established business ownership rate in Latin America and the Caribbean in 2021, by country [Graph], GEM, February 10, 2022. [Online]. Available: https://www.statista.com/statistics/315534/established-business-ownership-rate-in-latin-america-and-caribbean/