Launching your own business isn’t easy.
But if you’re a female entrepreneur in the United States, it seems you’re at least in the best place to do so. According to a new global Gender-GEDI study, America offers better conditions than 29 other countries when it comes to fostering successful women entrepreneurs.
The report, which studied the entrepreneurial environment, the entrepreneurial eco-system and women’s aspirations in each country, specifically focused on “high potential” businesswomen. In other words, these are females who are creating jobs through their companies, and who are looking to expand into new markets and opportunities. (These aren’t women who are starting small businesses with just themselves as the employee.)
“We’re analyzing this group because the study is focused on quality and not quantity of female entrepreneurs,” Ruta Aidis, Gender-GEDI project director, told CNN Money.
So which other nations scored high? After the United States, Australia was deemed the second most favorable country, with Germany third, and France and Mexico rounding out the top five spots. All these places earned high rankings on women’s legal rights, access to capital and education, and the rate of startup activity.
Still, Aidis told CNN Money that although the U.S. scored the top spot, there’s still much room for improvement. “Only 37% of all entrepreneurs in the United States are women,” she said. “Yes, the U.S. has made much progress to support women entrepreneurs, but barriers still exist.”