Global Entrepreneurship Monitor 2022/2023 Global Report : Adapting to a "New Normal"

Hill, Stephen and Ionescu-Somers, Aileen and Coduras Martínez, Alicia and Guerrero, Maribel and Menipaz, Ehud and Boutaleb, Fatima and Zbierowski, Przemysław and Schøtt, Thomas and Sahasranamam, Sreevas and Shay, Jeffrey (2023) Global Entrepreneurship Monitor 2022/2023 Global Report : Adapting to a "New Normal". Global Entrepreneurship Research Association, London.

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Abstract

Entrepreneurship, or the act of starting and running a new business, is a key catalyst of economic development. It is also an important driver of economic recovery: from the effects of the recent COVID-19 pandemic as well as more recent shocks, such as the war between Russia and Ukraine, with its related supply chain issues and rising energy costs. At any time, but especially during times of crisis, it is vital that the entrepreneurship dynamics and national frameworks to promote entrepreneurship are carefully defined and measured. Global Entrepreneurship Monitor (GEM) research can provide significant metrics to policymakers along the road to economic recovery, which enable informed and astute — but, most importantly, effective — decision-making. This 2022/2023 Global Report presents the results of GEM’s 24th research cycle. This adds another round of extensive national surveys to an already substantial GEM database of entrepreneurial results. In 2022, over 170,000 individuals were interviewed across 49 different economies, adding their views and experiences to over 3 million previously interviewed for the GEM Adult Population Survey (APS) over the previous two decades. These 49 economies represent about two-thirds of the global population in 2022. It includes China with a population of 1.3 billion, as well as India, which according to the United Nations is likely to be declared the world’s most populous country in 2023. Furthermore, GEM’s National Expert Survey (NES) features 51 economies (all of the 49 economies that participated in the GEM APS, plus Italy and Argentina). The NES is a survey of national experts in each economy charged with assessing the key components and characteristics of the entrepreneurial environment for that economy.

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