Women entrepreneurs statistics show that 252 million entrepreneurs out of approximately 582 million in the world are female. Added to 153 million women who have already been running businesses, we can see the impact of women on business.
Research also shows that women now account for 41% of the global workforce and control more than $20 trillion in annual spending. Predictions are that this number will go up to $28 trillion in the next few years.
Ready for some more interesting stats and facts about women in business?
Key Female Entrepreneurship Statistics (Editor’s Choice)
- Women own 31% of small businesses or franchises in the US.
- 17% of black women are in the process of starting or running a new business.
- The female entrepreneurial activity rate in the US is 16.6%.
- 14% of women-owned businesses employ between 11 and 50+ workers.
- Women represent 50% of entrepreneurs in Latin America and the Caribbean.
- 36.1% of immigrant business owners in Canada are women.
- South Asia has less than 20% of female entrepreneurs.
- Women-owned and controlled enterprises create direct employment for about 27 million people in India.
Women in Business Statistics
1. Women first started to run their businesses in 1972.
This year was crucial for women because it was mentioned in the US Census Bureau as the year related to female entrepreneurship. The almost 50 years old fight made a remarkable impact on the economy across the globe.
At that time, there were over 400,000 businesses owned by women in the US. Today, there are more than 13 million women-owned businesses in America and counting. What’s more, women in America start 1,817 businesses every day.
2. Female entrepreneurship statistics for 2021 show that women own 31% of small businesses or franchises in the US.
According to the Small Business Trends survey results, the percentage of small businesses with women owners is up from 27% last year in the US. Impressively, 30% of them have owned their business for 10 years or more.
Last year only, 17% of women launched a business. Moreover, exactly 50% of the respondents say that their businesses have been open for five years or less.
3. Women entrepreneurs statistics show that over 65% of the most recent allocations will benefit women entrepreneurs in low-income countries and countries affected by fragility and conflict.
The Women Entrepreneurs Finance Initiative has allocated $49.3 million to help over 15,000 women-led businesses. The funding is also expected to mobilize about $350 million of additional public and private sector resources.
Programs backing women-led businesses will soon expand to 61 countries due to three financing rounds that now total almost $300 million in allocations.
4. Women-owned businesses statistics show that 17% of black women are in the process of starting or running new businesses.
Studies show that black women are starting businesses faster than any other racial group. Moreover, an astounding number of black women are in the process of starting or running new businesses in the United States.
To put things into perspective, only 10% of white women and 15% of white men are starting or running new businesses.
5. 3% of black women are running mature businesses.
According to the woman-owned business statistics, black women are less likely to own mature businesses. Despite starting businesses at a high rate, these women run a pretty small percentage of mature businesses. This data hints at potential issues women of color have when sustaining a business.
6. The female entrepreneurial activity rate in the US is 16.6% of the total female working-age population.
According to the latest GEM data and male vs. female entrepreneurs statistics, there has been a rising trend in the female entrepreneurial rate over the last several years. For example, it was 13.6% in 2019, up from 10.7% in 2018.
What’s even better, the entrepreneurial gender gap has narrowed considerably. Nowadays, there are 9 women entrepreneurs for every 10 men entrepreneurs in the US. Furthermore, the ratio for the previous year was 7.5 to 10.
7. Facts about women entrepreneurs reveal that only 4 out of 50 economies participating in the GEM survey report equal or higher total entrepreneurial activity rates for women than for men.
The four economies that report equal or higher TEA rates for women than men are Saudi Arabia, Qatar, Madagascar, and Brazil. Despite the significant progress of female entrepreneurs, men are still more likely to start businesses.
Interestingly, the economies in the countries in Latin America have the highest TEA rates for women: Ecuador (34%), Chile (32%), Brazil (23%), Guatemala (22%), and Colombia (21%).
8. Women in business statistics tell us that the Islamic Development Bank received $11.25 million for supporting women in West Africa engaged in entrepreneurial activities in the rice value chain.
Women in West Africa are heavily engaged in the rice industry. However, the high cost of borrowing and other non-financial constraints prevent women entrepreneurs from improving their businesses.
This program will support upgrading and advancing women-owned SMEs within the rice value chain in West Africa. It’s supposed to help female employers through capacity development, grant matching, and increased access to local and regional markets.
9. Female entrepreneurship statistics imply that 14% of women-owned businesses employ between 11 and 50+ workers.
Entrepreneur statistics show that women-owned businesses have been slowly expanding. Luckily, these businesses need more employees, so the unemployment rate decreases. Moreover, the large majority of women business owners employ at least one person other than themselves.
As much as 46% of such businesses have 2–5 workers. Another 19% employ between 6 and 10 people. Furthermore, the business owner is the only employee in 20% of cases, which signals a significant improvement compared to last year (32%).
10. The latest stats for women entrepreneurs report that 13% of 309 unicorns in 2021 have female founders or co-founders.
A startup that made more than $1 billion is called a unicorn. However, recent data shows that teams with female founders are neither gaining nor losing a significant share in the unicorn ranks. Among all companies valued at $1 million and up, 11.4% have a female founder or co-founder.
However, not all unicorns stay private. The latest data available shows that a total of 309 unicorns have matured to exit the unicorn leaderboard. Out of those, women are founders or co-founders in 41 companies.
Entrepreneur Stats About Women Across the Globe
11. Women represent 50% of entrepreneurs in Latin America and the Caribbean.
The share of female entrepreneurs worldwide varies considerably across regions. Moreover, it’s constantly below the percentage of male entrepreneurs. Yet, in some parts of the world, this gap is smaller than in some others.
Latin America and the Caribbean region are examples of the closest parity situation in the number of male and female entrepreneurs.
12. The European average of women entrepreneurs is 31%.
Women-owned businesses statistics suggest that female entrepreneurs in Europe comprise a minority. Despite the fact that women make up 51% of the European population, not many decide to start their own businesses and become self-employed.
In fact, only 39.4% of the self-employed and 30% of startup entrepreneurs in Europe are women.
13. Women business leaders from New Zealand have rank 4 on the MIWE chart.
Women in New Zealand have favorable entrepreneurial supporting conditions. So, it’s no wonder these women have retained their strong lead on the MIWE chart with a 70.1 score. In fact, women entrepreneurs facts single out New Zealand for its attitude to female entrepreneurs.
They thrive thanks to the access to resources for starting a business and extensive and established distribution channels, business networks, and international economies. In addition, a supportive entrepreneurial ecosystem provided by the government makes things easier for women business owners.
14. 36.1% of immigrant business owners in Canada are women.
Immigrant entrepreneurs in Canada face cultural restrictions that can jeopardize their business success. Coupled with family obligations, immigrant women in Canada have even fewer chances of starting or running a business.
The percentage of female entrepreneurs varies considerably across ethnic groups. For example, women account for 56.4% of self-employed Filipino immigrants, 41.4% of self-employed Chinese immigrants, and 40.8% of Latin American immigrants.
15. Women in India hold the largest share of micro-businesses — 20.44%.
Women own barely a fifth of micro, small, and medium businesses in India. Furthermore, they have more enterprises in rural than urban parts of the country. In comparison, nearly 80% of businesses of the same size are owned by men in India.
Based on these numbers, it’s obvious that female entrepreneurship in India is not that developed.
16. Women entrepreneurs statistics show us that South Asia has less than 20% of female entrepreneurs.
The share of small, medium, and large firms with a woman as a principal owner is pretty low in South Asia. Simultaneously, South Asia is the region with the lowest share of women entrepreneurs.
On the other hand, in East Asia and the Pacific, nearly half of the business owners are women. The implication is that this region has a more friendly business climate toward women’s entrepreneurship than South Asia.
Women Business Owner Statistics — Job Creation and Employment
17. Women-owned and controlled enterprises create direct employment for about 27 million people in India.
The latest estimations say that women own 16 million enterprises in India. This number translates to 20% of all enterprises providing jobs for 27 million people. The Women Entrepreneurship in India report also suggests that women entrepreneurs can create 150–170 million jobs by 2030. The only condition is to enable female entrepreneurs to start up and scale.
18. 67% of female entrepreneurs in South Africa create jobs within the first year of business life, according to women in business stats.
(CHRO South Africa)
Recent hiring stats reveal that 90% of women entrepreneurs had job creation in mind at the beginning of their business journey. Apparently, most of these entrepreneurs create new job opportunities within the first year of business life.
19. Women-owned businesses employ 9.4 million workers and generate revenue of $1.9 trillion.
An annual report on the state of women-owned businesses reveals that they fuel the American economy. Surprisingly, women-owned businesses make up 42% of all businesses in the US. The findings also imply that these women are of diverse ethnic and geographic backgrounds.
Women Entrepreneur Facts — Conclusion
Women have made an enormous effort to be present on the map of success in entrepreneurship in the last century. The impact is significant, but they can do much more. For example, women have shown a higher company success rate, but they take fewer risks.
Famous men and women tend to think that the way we perceive entrepreneurs needs to change. We should never think of CEOs as men or women, as both are equally capable. When people become familiar with this thought, the world of entrepreneurship might be better for both of them.