Entrepreneurial spirit in Switzerland is increasing slightly

Three employees talking in an open space.

(10.08.2022) Swiss entrepreneurs are becoming more motivated again after the crisis. According to the latest report by the Global Entrepreneurship Monitor (GEM), which was co-created with the School of Management Fribourg (HEG-FR), 13.4% of those surveyed in 2021 were planning to start an entrepreneurial venture within three years.

The survey shows a significant increase compared to 2020 (then 7.3%), when health restrictions significantly affected economic activity, and a slight increase compared to 2019 (then 10.7%). However, the Swiss remain less entrepreneurial than the average "Level A" countries represented by several prosperous economies spread across Europe (Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Sweden, Switzerland, and the United Kingdom), North America (United States and Canada), Asia (Republic of Korea), and the Middle East (Israel). South Koreans (26.7%) are by far the most enthusiastic.

On the other hand, 49.6% of Swiss respondents felt they had the necessary skills and experience to start a business, a figure that is significantly lower than in the United States (64.6%), Canada (58.9%) or Ireland (57.8%), but similar to the overall average (51.4%).

In addition, only 40.5% of respondents in Switzerland considered entrepreneurship to be a "good career choice", a figure that is down from 49.3% in 2020 and in stark contrast to the other economies surveyed, where the average is 63.8% and as high as 76.2% in the US and 70.4% in the UK.

The perception of opportunities in Switzerland is positive for 49.6% of respondents, an increase compared to 2020 (44.5%), but slightly below the selected countries' average (51.4%).

The main incentives for entrepreneurship are the desire to "change things" (57.9% in Switzerland, 46.9% on average) and the prospect of wealth creation and very high incomes (51.5% in Switzerland, 56.5% on average).


Last modification 10.08.2022

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