Adapting to a “New Normal”

Global Entrepreneurship Monitor 2022/2023 Global Report

The 2022/2023 Global Report launched today at the Annual conference presents the results of GEM’s 24th research cycle. This adds another round of extensive national surveys to an already substantial GEM database of entrepreneurial results. In 2022, over 170,000 individuals were interviewed across 49 different economies, adding their views and experiences to over 3 million
previously interviewed for the GEM Adult Population Survey (APS) over the previous two decades. These 49 economies represent about two-thirds of the global population in 2022.

The UK is ranked at number 25 of 51 countries on the quality of entrepreneurship ecosystem economies according to the new Global Entrepreneurship Monitor (GEM) National Entrepreneurship Context Index (NECI) released today. The ranking, reported in the ‘GEM 2022/2023 Global Report – Adapting to a New Normal’, is a slide down from rank 18 last year, with the index score decreasing from 4.9 (in 2021) to 4.7. UK’s NECI score is below that of other comparable economies such as the USA (5.2), France (5.1), and Germany (5.1).

Professor Mark Hart, Lead of the GEM UK team and Professor of Small Business & Entrepreneurship at Aston Business School in Birmingham said: “It is not surprising that framework scores worsened over the year given chaotic trading conditions and supply chain blockages, as the implications of Brexit continued to be multiplied by the aftermath of the pandemic and compounded by rising energy prices.”