Five of these economies are classified as low-income level, 12 as middle-income and the rest as high-income. Fifty economies participated in the GEM 2019 Adult Population Survey (APS), including 11 from the Middle East & Africa, eight from Asia & Pacific, eight from Latin America & Caribbean, and 23 from Europe & North America. In this, GEM’s “coming of age” 21st year, entrepreneurship is in the spotlight as never before, with multiple governments increasingly focused on putting into place policy frameworks and mechanisms to drive and promote entrepreneurship. The Global Entrepreneurship Monitor (GEM) has been keeping its finger on the pulse of the state of entrepreneurship since 1999, both in terms of the state of the entrepreneurial mind-set, motivations, activities and ambition, and the national framework conditions required to allow entrepreneurship to flourish in an economy. GEM 2022/2023 Global Report: Adapting to a “New Normal” All regions and income levels are represented in each group. Meanwhile, in 10 of those economies, there was minimal change. Among the 38 economies that participated in GEM research both in 2019 (prior to the pandemic) and 2022, there were 12 that had a substantially higher level of TEA in 2022 compared to pre-pandemic, and 16 in which TEA dramatically levels fell. Countries have experienced variable impacts from the pandemic. Based on interviews with over 175,000 individuals and experts from 51 economies, the report tracks the percentage of adults who are starting or running a new business (referred to as Total early-stage Entrepreneurial Activity or TEA).
The global pandemic had a mixed effect on entrepreneurship across the world, according to the 2022/2023 Global Entrepreneurship Monitor (GEM) Global Report: Adapting to a “New Normal”.
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