Youth entrepreneurship around the world
One in four young people around the world are entrepreneurs or self-employed.
Global Entrepreneurship Monitor (GEM) 2015 APS Global Individual Level Survey Data. Young meaning: 15-24 years of age.
Accessing finance is a major challenge for youth-led firms.
Youth-led companies are less likely to have a bank account.
Owning a business bank account
of entrepeneurs until age of 34
of entrepeneurs as of 35+ age
More youth led companies need a financial loan (82%) than non-youth-led companies (60%).
of youth-led companies need a loan
of non-youth-led companies need a loan
Source: ITC. Based on SME Competitiveness Survey data gathered in 15 countries (Argentina, Benin, Botswana, Burkina Faso, Cambodia, Ghana, Hungary, Kenya, Morocco, Saint Lucia, Gambia, Philippines, Togo, Ukraine and Zambia).
Improved youth skills and innovation as well as financial support promote the export capacity of small businesses.
Youth in this edition of the magazine is defined as per the African Youth Charter in which “youth” means “every person between the ages of 15 and 35 years.
Palais des Nations, 1211 Geneva 10, Switzerland Tel. +41-22-7300-388 Internet: www.intracen.org
The International Trade Centre is the joint agency of the World Trade Organization and the United Nations.
Copyright: International Trade Centre, unless otherwise indicated.