THE MOST AMBITIOUS RESEARCH PROJECT ON ENTREPRENEURSHIP GLOBALLY
The Global Entrepreneurship Monitor (GEM) is a global consortium that conducts research on 66 global economies, covering 82% of the world’s GDP and 71% of its population. GEM brings together over 400 researchers from across the globe and includes more than 100 institutions every year. The involvement of all these people and institutions makes GEM the largest study on entrepreneurship and entrepreneurial activities in the world.
ABOUT THE GEM KSA REPORTS
GEM is the world’s foremost study of entrepreneurship. GEM began in 1999 as a joint project between Babson College (USA) and London Business School (UK) with the aim of building understanding as to why some countries are more ‘entrepreneurial’ than others. Through a vast, centrally coordinated international data collection effort, GEM has provided high-quality information on a comprehensive variety of indicators about entrepreneurship in 114 economies over 20 years. GEM is a trusted resource for organizations around the world to help inform decision-making to improve the quantity and quality of the entrepreneurial activity.
The GEM KSA National Report provides a comprehensive profile of entrepreneurship in KSA. This includes measures of societal attitudes, self-perceptions, affiliations relative to entrepreneurship, and profiles of entrepreneurs.
The 2020/21 annual country report reveals that total entrepreneurial activity in Saudi Arabia has increased by 24% compared to 2019, regardless of the pandemic’s profound impact on entrepreneurship. The Kingdom recorded a 65% increase in business ownership over the past three years. The report also shows that more than 90% of adults see entrepreneurship as a favorable career choice and a third of Saudis are keen on launching a business within the next three years.
Indicators also show that there has been substantial improvement in closing the gender gap. Women were slightly less likely than men to perceive opportunities (89% vs 92%) and state that they have the capabilities for starting a business (84% vs 88%). Fear of failure, however, is nearly equal for the genders.