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The 2018 Mastercard Index of Women Entrepreneurs (MIWE) report discusses women's participation in entrepreneurship. According to the report, the number of women entrepreneurs reached 163 million in 2016. Consequently, MIWE also recorded a five percent decrease in the gender pay gap during the same period.
Of the 57 countries surveyed, Indonesia ranked 46th with a female entrepreneurship rate of 15.8 percent. This is significantly lower compared to top-ranking countries such as Ghana (46.4%), Russia (34.6%), Uganda (33.8%), and even neighboring Vietnam (31.3%).
Ghana, Russia, and Uganda rank highly in terms of the realized percentage of women entrepreneurs compared to the total percentage. The report indicates that the number of women entrepreneurs is not correlated with economic development. However, factors such as financial assistance, business development education, and ease of doing business remain influential in increasing the number of women entrepreneurs.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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