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Countries with the highest number of women entrepreneurs

Experts in the field of Innovation & Entrepreneurship

United States & Poland have one of the highest number of women in senior roles and entrepreneurs in the world. 
Eastern Europe is a region for technology and innovation where, young entrepreneurs are tapping strong economic growth.

UNITED STATES 

US Female Owned Business in the United States  The United States ranks number one in the world in terms of providing the most favorable business climate for women entrepreneurs. Women’s entrepreneurship has been on the rise in the United States for the last two decades. As of January 2017, there are an estimated 11.6 million women-owned businesses, employing nearly 9 million people and generating $1.7 trillion in sales as of 2017. Over the past 20 years (1997–2017), the number of women-owned businesses has grown by 114% compared to the overall national growth rate of 44% for all businesses.

US Women-owned businesses now account for 39% of all U.S. firms, employ 8% of the total private sector workforce and contribute 4.2% of total business revenues. The combination of women-owned businesses and firms equally-owned by men and women account for 47% of all businesses. One in five firms with revenue of $1 million or more is women-owned. 4.2% of all women-owned firms have revenues of 1 million or more.

POLAND

Poland’s 38-million strong consumer market is one of the biggest in Europe.  Poland is one of the most attractive locations for foreign investments. International reports highlight the economic and political stability of Poland, educated and competent human capital and a large domestic market. Polish women are leaders in entrepreneurship in Europe.

  • Poland’s high-income economy is the sixth largest in the European Union and historically, one of the fastest growing and most robust.
  • In 2018 Poland was ranked among the top three countries to invest worldwide.
  • Poland’s 2017 GDP growth of 4.6% was the fastest since 2011”(5). 
  • Warsaw was added in 2017 to 50 cities (across  the US and other countries) as a HPWE (High Potential Women Entrepreneur Cities) – a measure of a city ability to attract and support high potential women entrepreneurs (HPWE) ) i.e., women that want to grow and scale their business. 50 cities (Warsaw being one of them) were chosen for their reputation as established or emerging hubs of innovation and entrepreneurship; geographic diversity was also one of the criteria. Warsaw ranks 3rd in Women’s Skill & Experience & 1st in terms of cost of technology to attract talent and growth.(6)
  • Women have a high participation rate in politics in Poland. Poland has the second-highest share of women working in central government (69%), as managers and professionals –  significantly above the OECD average of 53%. This also applies to senior management positions as Poland is one of the very few countries that reach gender parity for senior managers.(1)
  • Poland’s proportion of senior business roles held by women is 40%. (2)
  • Women account for 85 percent of consumer purchases and control $20 trillion in worldwide spending.
  • Poland was ranked 8th in the Global Women Entrepreneur Leaders Scorecard (GWEL) sponsored by DELL, ahead of countries such as Spain and Japan. No other CEE country made it to the ranking. USA was the leader of this year’s GWEL, followed by Canada, Australia, Sweden, the UK, France, Germany and Poland. Poland performed best in the potential entrepreneur leaders category (3rd place; high scores are given to countries where higher percentages of women who start businesses are college educated, growth-oriented and market-expanding). (3)
  • According to data collected by the Center for Economic Information (COIG), in the last year over 120,000 woman were brought into business. Additionally, 40 percent of Polish women were responsible for registering new companies and 27 percent of women became board members of newly registered businesses. The amount of woman actively involved in Polish businesses is impressive when compared to other countries. In a study conducted by Grant Thornton, among CEOs of large and medium-sized companies worldwide, only in mainland China is the share of women in management proportionately larger than that of women in Poland. (4)

Source:

  1. https://www.oecd.org/gov/gov-at-a-glance-2017-poland.pdf
  2. http://www.bgt-grantthornton.it/en/insights/articles/women-in-business-2017/
  3. http://wbj.pl/poland-high-in-global-women-entrepreneur-leaders-scorecard/
  4. http://www.thenews.pl/1/12/Artykul/129399,More-women-running-the-show-in-Polish-boardrooms

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