24Peaks / North America / Panama / Total Early-Stage Entrepreneurial Activity

Panama - Total Early-Stage Entrepreneurial Activity 31.31

GEM APS · updated 2026-10-03 · 116 economies tracked

Latest value

31.31 (2023)

Global rank

##3 of 116 economies

Share of global total

4.9%

Growth since 2009

3.26×

Ranking Race — Total Early-Stage Entrepreneurial Activity

1 = global #1 · higher value ranks higher

#1#8#15#22#29#36#43200120062011201620212024#24#32020 overtook Guatemala2022 overtook Chile
PanamaEcuadorChileSaudi ArabiaCanada

Real annual global ranks, 2001 - 2024. Panama climbed from #24 to #3 (overtook Guatemala). Gaps in a lane = missing data that year.

Key events for Panama ↓

Key Events — Panama

Auto-detected from rank data + curated milestones

2012
Fell 27 places in global rank auto
2013
Climbed 20 places in global rank auto
2020
Overtook Guatemala in global rank auto
2022
Overtook Chile in global rank auto

Total Early-Stage Entrepreneurial Activity, 2009-2023

GEM APS · % of adult population · linear scale · ranking in the race above
20092014201920239.4617.1124.7532.4
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