United States

Region: Europe and North America
 

Classification of economies by geographic region is based on that of the United Nations Statistics Division.

High Income
 

Based on the income levels set out by the World Economic Forum (WEF) in its Global Competitiveness Report. However, the groupings are slightly different due to the numbers of economies covered. For GEM, the low income group contains both those classified as low income and lower middle by WEF, and the middle income group has those that WEF groups as upper middle. High income is the same for both GEM and WEF.

Population: 325 million (2018)
 

Population data is from the World Bank, except Palestinian Territories World Population Review and Taiwan Worldometers

GDP Growth: 2.9% (2018)
 

GDP growth data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

GDP Per Capita: $59,895 (2017)
 

GDP per capita data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

United States Reports

Name
Report information
pdf
  • Year of publication: 2021
  • Category: National Reports
  • Language: English
  • Upload date: 2022-01-07

  • The GEM USA 2021 Report results indicate that over 30 million Americans were starting or running new businesses at the time of the survey, around six months into the COVID-19 pandemic, and that 19.5 million were running established businesses. This illustrates the impact entrepreneurs have on generating a source of income for their families, jobs for others, growth for the U.S. economy, and valued products and services for society. However, 4.4% of the U.S. adult population, the equivalent of 8.7 million people, reported closing a business in the prior year, revealing that some businesses did not work out or simply reached the end of their life cycle. Environment shocks such as that associated with COVID-19 can impose detrimental effects on the business community, or they can lead to structural change, creating opportunities for entrepreneurs.

  • URL: https://www.gemconsortium.org/report/50896
GEM USA 2020/2021 Report
Report information
pdf
  • Year of publication: 2020
  • Category: National Reports
  • Language: English
  • Upload date: 2020-09-02

  • In 2019, the Global Entrepreneurship Monitor (GEM) conducted its 21st annual survey of entrepreneurship, generating an extensive and detailed look at entrepreneurship around the world. The United States has participated in every GEM survey since 1999. In 2019, the GEM U.S. research team, based at Babson College, surveyed 3,000 adults about their entrepreneurial affiliations and perceptions, and the rate and characteristics of entrepreneurship. The United States was among 50 economies participating in the GEM 2019 cycle and among 32 economies classified as high-income.
  • URL: https://www.gemconsortium.org/report/50518
GEM USA 2019/2020 Report
Report information
pdf
GEM USA 2018/2019 Report
Report information
pdf
  • Year of publication: 2018
  • Category: National Reports
  • Language: English
  • Upload date: 2019-01-09

  • The year 2017 was prosperous and calm for the U.S. economy. Almost all economic indices performed well. The average annual growth rate was 2.27%, and the seasonally adjusted annualized growth rate surpassed 2% in all but one quarter of the year.
  • URL: https://www.gemconsortium.org/report/50209
GEM USA 2017 Report
Report information
pdf
  • Year of publication: 2017
  • Category: National Reports
  • Language: English
  • Upload date: 2017-11-13

  • Fifty-seven percent of Americans see good opportunities around them for starting a business. U.S. entrepreneurs are also driven most by opportunity (88%). U.S. entrepreneurs are twice as likely to compete in the finance sector compared to the average innovation-driven economy. While the 26 other innovation-driven economies demonstrate their highest total entrepreneurial activity (TEA) among 25-34 year-olds, the U.S. actually peaks in the next oldest age group, among the 35-44 year-olds. More women entered entrepreneurship last year than the year before, while this level has remained the same for men.
  • URL: https://www.gemconsortium.org/report/49982
GEM USA 2016 Report
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