UAE is the second in Global Entrepreneurship Index 2020

The UAE ranked the second in the world in the ratio of entrepreneurs to the total population of the country, according to the data contained in the “Global Entrepreneurship Index 2019/2020”. Which released yesterday by the “Global Observatory of Entrepreneurship” in London.

Global Entrepreneurship Index 2019/2020

UAE is the second in Global Entrepreneurship Index 2020

  1. The UK ranked first with a percentage of 8.4%.
  2. The percentage of entrepreneurs in the Emirates to the total population of adults “between the ages of 18 to 60” during the past year 8,2%.
  3. Australia came in third with 8%
  4. Ireland ranked fourth with 7.5%
  5. Slovenia came in fifth with 7%

The UAE is the fifth in National Context for Entrepreneurship

  • The UAE was also ranked fifth globally in the same report on the “National Context for Entrepreneurship”.
  • Which monitors the supportive climate for entrepreneurship in each country.
  • Eventually, it based on a score of points according to the opinions of international experts in the field of entrepreneurship.

In 2019

  1. The UAE got a balance of 5.84 points, a difference of no more than 0.21 points from Switzerland, which ranked first with a score of 6,05 points.
  2. The Netherlands came second with 6,04 points.
  3. While China ranked fourth with 5,98 points.
  4. The UAE surpassed the supportive climate for entrepreneurship over Norway, which ranked ninth with 5,52 points.
  5. The United States of America came in tenth place with 5,31 points.
  6. Canada, which ranked 14th with 5,16 points.
  7. Germany «16, With a score of 5,04 points.
  8. Sweden “the 19th, 4.92 points.

The report on the entrepreneurial climate in the UAE in 2019 in detail

The report stated that:

  • The ownership percentage of entrepreneurs for their commercial projects in the UAE during the past year was 7%.
  • The report also ranked the UAE in the tenth position globally in intentions towards adult entrepreneurship among its total adult population. with 38.5% of them expressing their intentions for entrepreneurship in 2019.

The world in the confidence of entrepreneurs

The UAE ranked 11th in the world in the confidence of entrepreneurs in their ability to achieve great fortunes through entrepreneurship, as 72.3% of the country’s entrepreneurs demonstrated this confidence during the past year.

The world is starting entrepreneurial activity

The UAE was also ranked 11th in the world in starting entrepreneurial activity early. with 16.4% of business leaders in the country starting entrepreneurial activity during 2019 and they are in their early stages.

The global rank of ease starting a business

  • The UAE ranked 12th globally in the ease of starting a business, with 66.1%.
  • The country’s adult population reporting the ease of starting and establishing businesses in the country during the past year.

Providing opportunities for adult residents

By the same token, the UAE ranked 13th in the world in terms of providing opportunities for adult residents of countries to start and establish businesses in their fields of specialization in 2019.

Read Also: UAE Ranked for Having the Fastest Internet Download Speed in the Region
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