The global share of female business sole proprietorships highlights varying degrees of female entrepreneurship across countries. In 2023, Jamaica led with a significant 58.64% in female sole proprietorships, followed closely by Rwanda and Austria. Key changes since 2022 indicate increased female participation in Jamaica and the Central African Republic, with notable declines in Austria, Mongolia, and Mexico. The past five years show fluctuating growth, with year-on-year variations being indicative of shifting gender dynamics in business ownership.
Future trends to watch include:
- Potential growth in countries displaying strong year-on-year increases, like Rwanda and the Central African Republic.
- Monitoring of countries with declining trends, such as Austria, for potential policy shifts to enhance female entrepreneurship.
- Attention to economic and social factors influencing the participation rates in countries with lower percentages like Nepal and Azerbaijan.
Top countries in Share of Female Business Sole Proprietorship by Country
| # | 10 Countries | Percent of Sole Business Proprietorship | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Jamaica | 58.64 | 2023 | +3.04% | +4.36% | View data |
| 2 | 2 Rwanda | 55.79 | 2023 | +4.34% | +6.21% | View data |
| 3 | 3 Austria | 53.21 | 2023 | -0.56% | -1.34% | View data |
| 4 | 4 Mauritius | 46.73 | 2023 | +1.67% | +1.85% | View data |
| 5 | 5 Estonia | 45.05 | 2023 | -0.57% | -0.32% | View data |
| 6 | 6 Malaysia | 43.38 | 2023 | +0.078% | -0.45% | View data |
| 7 | 7 Romania | 41.23 | 2023 | -0.59% | -0.0034% | View data |
| 8 | 8 France | 39.48 | 2023 | +0.04% | +0.34% | View data |
| 9 | 9 Benin | 39.47 | 2023 | +3.98% | +4.56% | View data |
| 10 | 10 Netherlands | 38.05 | 2023 | -0.71% | -1.34% | View data |
