Fast company logo
|
advertisement

STARTUP REPORT

These are the top 10 countries where small businesses are flourishing globally

E-commerce company Shopify teamed up with Deloitte to create the first-ever Shopify Entrepreneurship Index.

These are the top 10 countries where small businesses are flourishing globally

[Photo: Tim Mossholder/Unsplash]

BY Shalene Gupta0 minute read

Small business is on the rise. In 2021, there were 5.4 million applications to start a new business in the United States alone, the highest since the U.S. Census started tracking this data in 2004, and last year there were 5 million applications.

E-commerce company Shopify partnered with Deloitte to create a database that measures the top countries and U.S. states where entrepreneurship is flourishing. To calculate this, they measured the impact of entrepreneurs on GDP, jobs supported, exports, and business activity. According to the index, the top 10 countries where entrepreneurship is thriving are:

  1. United States
  2. Lithuania
  3. Romania
  4. United Kingdom
  5. Czech Republic
  6. Australia
  7. Denmark
  8. China
  9. Hong Kong
  10. Japan

The top 10 states are:

  1. Delaware
  2. Wyoming
  3. California
  4. Montana
  5. Utah
  6. Nevada
  7. Alabama
  8. Florida
  9. Idaho
  10. Hawaii

You can check out the first-ever Shopify Entrepreneurship Index here.

advertisement
CoDesign Newsletter logo
The latest innovations in design brought to you every weekday.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Privacy Policy

ABOUT THE AUTHOR

Shalene Gupta is a frequent contributor to Fast Company, covering Gen Z in the workplace, the psychology of money, and health business news. She is the coauthor of The Power of Trust: How Companies Build It, Lose It, Regain It (Public Affairs, 2021) with Harvard Business School professor Sandra Sucher, and is currently working on a book about severe PMS, PMDD, and PME for Flatiron More


Explore Topics