2019 was a record year in Germany for Total early-stage entrepreneurial activity. A total of 7.6% of the 18-64 population were either nascent entrepreneurs or owner-manager of a new business. The global pandemic reversed this trend. In 2020, this number decreased to 4.8% according to the 2020/2021 German National Report published by Leibniz Universität Hannover and RKW. This rate is back in line with the long-term average over the years.