The EY G20 Entrepreneurship Barometer 2013
The power of three: governments, entrepreneurs and corporations
Entrepreneurs provide one of the main engines of growth in any healthy economy.
They act as vital agents of change by developing new products and services, implementing more efficient production methods, and creating new business models and industries. They generate jobs, support local communities and build prosperous societies.
|Uschi Schreiber, Global Markets Leader and Global Government & Public Sector Leader at EY explains why together governments, entrepreneurs and corporations can spur growth.|
For all these reasons, there is growing recognition of entrepreneurs’ importance across the G20. Many countries have introduced a range of programs and policy initiatives to help boost entrepreneurship.
But, as this report reveals, there are still huge areas where G20 countries need to take urgent action to improve support for their entrepreneurs.
The EY G20 Entrepreneurship Barometer 2013 is designed to help leading countries benchmark their progress and performance on this vital issue. It enables each G20 nation to identify current strengths in its entrepreneurial environment, as well as the main opportunities for further development.
As a result, the Barometer provides a powerful framework to help countries understand and improve the ecosystems that are vital to the success of the entrepreneurs of the future.
“The need to act is clear. Entrepreneurs have the power to create jobs and drive growth – but first we need to give them the tools and the environment that will enable them to succeed.”
— Maria Pinelli, Global Vice Chair, Growth Markets, EY
Although there have been a number of international studies on entrepreneurial ecosystems, there is still a need for better tools and data to help countries measure their performance on this issue. This report makes an important contribution to this endeavor by capturing insights from key research initiatives.
For this second edition of the EY G20 Entrepreneurship Barometer, our analysis of the entrepreneurial ecosystems across the G20 countries is set against five pillars, as co-developed with the G20 Young Entrepreneurs’ Alliance (YEA):
- Access to funding
- Entrepreneurship culture
- Tax and regulation
- Education and training
- Coordinated support
Our analysis is based on five key inputs:
- Business environment indicators, or key performance indicators, of a range of variables directly influencing the entrepreneurship ecosystem in each country
- A survey of more than 1,500 leading entrepreneurs across the G20 countries, which captures sentiment on the key barriers and enablers of entrepreneurship as well as the rate of improvement in G20 countries on key facets of the entrepreneurial ecosystem
- Exclusive insights from more than 250 entrepreneurs, independent academics and experts, and EY partners across the G20 countries
- Working group sessions with delegates from the G20 YEA Summit 2013
- An analysis of more than 200 leading government initiatives or practices from across the G20 countries
Overall country rankings
The following represents the overall ranking of the G20 countries by quartile.
Quartile 1 represents the countries that are leading in fostering entrepreneurship. Note: Countries are listed in alphabetical order per quartile.
|Quartile 1||Quartile 2||Quartile 3||Quartile 4|
|United States||South Africa||Saudi Arabia||Turkey|
- Mature countries provide the best ecosystems for entrepreneurship today
- Rapid-growth markets are closing the gap
- All G20 countries have opportunities to improve
- Access to funding is the top priority for global action