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Latest News / Entrepreneurship’s gender gap decreases by 5%



A new report has revealed a 5% decrease in the gender gap within entrepreneurship globally.

The 2018 Mastercard Index of Women Entrepreneurs (MIWE) revealed the change, finding a 5% decrease from 2014-2016 figures. A 10% increase in women’s TEA rates (Total Entrepreneurial Activity) was the key driving force behind the trend.

The UK was the only Shell LiveWIRE country to feature in the top ten ranking of economies which performed best in supporting women entrepreneurship, with New Zealand, Sweden and Canada leading the list. Singapore came in 5th place.

Shell LiveWIRE country South Africa made noticeable progress, moving six places up the rankings to 22nd place from 30th in 2017, driven in particular by a narrowing of the gender gap in early-stage entrepreneurial activity.

The Index measured female entrepreneurship in 57 economies through twelve indicators, including financial inclusion, knowledge assets, women’s advancement outcomes and cultural perceptions of female entrepreneurs.

An interesting finding of the report highlighted the unique quality of certain countries, including Saudi Arabia, about which it states, “Although the proportion of established businesses owned by women is the lowest in the world, those that made it to the business world are among the most innovative and driven in terms of growing and bringing their businesses to international grounds.”

You can access the report here.



Entrepreneurship’s gender gap decreases by 5%
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