Innovation and R&D Collaboration
Nascent
Entrepreneurship
New Business
Established
Necessity Driven
TEA
Opportunity
Driven
Ownership Rate
Business
(% of TEA)
Rate
(% of TEA)
Argentina
9.5
5.2
14.4
9.1
28
43.5
Barbados
8.5
4.2
12.7
7.1
14.6
53.1
Belize
4.3
3
7.1
3.7
13.1
47.6
Bolivia
21.5
7.1
27.4
7.6
22.8
51.7
Brazil
3.7
13.8
17.2
17.5
29
57.8
Chile
16.6
11.1
26.8
8.8
17.6
62.2
Colombia
12.4
6.7
18.6
4.9
33.3
51.6
Costa Rica
7.6
3.7
11.3
2.5
19.3
63.5
Ecuador
24.5
9.9
32.6
17.7
29.4
35
El Salvador
11.4
8.7
19.5
12.7
32
54.5
Guatemala
12
9.2
20.4
7.4
40.6
38.9
Jamaica
7.9
11.9
19.3
14.4
32.1
33.5
Mexico
12.7
6.4
19
4.5
22.5
50
Panama
13.1
4.1
17.1
3.4
26.3
60.2
Peru
23.1
7.3
28.8
9.2
16.4
58.9
Puerto Rico
8.8
1.3
10
1.3
20.5
51.1
Suriname
1.9
0.2
2.1
5.2
5.4
39.8
Trinidad & Tobago
7.5
7.4
14.6
8.5
12
64.3
Uruguay
10.5
5.8
16.1
6.7
16
27.3
Unweighted Average
11.4
6.7
17.6
8.0
22.7
49.7
12View entire presentation