Start-up fever is spreading across the globe but still has a long way to go. The world is operating at 52 percent of its entrepreneurial capacity, according to the Washington, D.C.-based Global Entrepreneurship and Development Institute (GEDI). To get closer to 100 percent, more countries will need to step up and start helping to create new businesses. And they are, across every region.
Each year, GEDI comes out with its Global Entrepreneurship Index, coinciding with Global Entrepreneurship Week. The 2016 index ranks 130 nations on opportunities for entrepreneurs to grow and expand into new markets, as well as on the social and economic infrastructure that fosters efficient national start-up ecosystems. The 2016 top 20 features countries from North America, South America, Europe, the Asia-Pacific region and the Middle East.
This year's top 10 show a pattern similar to last year's: high-income. Low-income economies lack the human capital and infrastructure needed to create high-quality jobs and high-growth start-ups. Surprisingly, though, many smaller nations are on the move up. Barbados, for example, came in at No. 53, ahead of both China (60) and India (98).
Here are the top 20 countries for entrepreneurship in 2016.
— By Lori Ioannou
Posted 12 November 2015