In 2023, Mexico topped the list with the highest number of newly registered sole proprietorships owned by men, followed by France, Nigeria, and Germany. The overall trend highlights a mixed landscape, with countries like Rwanda, Benin, and Azerbaijan witnessing significant positive year-on-year variations, while others like Romania, Poland, and Estonia experienced declines. Albania faced the steepest decrease. The Compound Annual Growth Rate (CAGR) over the last five years indicates growth is uneven across countries, reflecting varied economic conditions and entrepreneurship environments.
Future trends to watch include:
- The impact of economic policies on entrepreneurship rates in emerging markets.
- The potential for tech-driven sole proprietorships in developed nations.
- The role of global economic uncertainties in shaping entrepreneurial activities across regions.
Top countries in Newly Registered Sole Proprietorship Owned by Men by Country
| # | 10 Countries | Units (Men) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 624,880 | 2023 | +4.87% | +5.04% | View data |
| 2 | 2 France | 473,570 | 2023 | +6.46% | +9.57% | View data |
| 3 | 3 Nigeria | 265,330 | 2023 | +9.58% | +9.97% | View data |
| 4 | 4 Germany | 261,810 | 2023 | -1.72% | -1.36% | View data |
| 5 | 5 Malaysia | 235,250 | 2023 | +3.41% | +0.66% | View data |
| 6 | 6 Poland | 200,370 | 2023 | +3.02% | -0.89% | View data |
| 7 | 7 Netherlands | 123,170 | 2023 | +4.1% | +4.34% | View data |
| 8 | 8 Rwanda | 49,890 | 2023 | +28.96% | +83.9% | View data |
| 9 | 9 Slovak Republic | 46,900 | 2023 | |||
| 10 | 10 Senegal | 40,520 | 2023 | +4.41% | +5.18% | View data |
