More than 70 percent of those involved in the early stage of a start-up in India and Saudi Arabia stated that they did this to continue a family tradition. On the other hand, only five percent of those involved in setting up a business in South Korea stated this as a motivation.
Share of people who started a business to continue a family tradition worldwide in 2023, by country
Characteristic
Share of respondents involved in the early stage of a start-up
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
GEM. (February 13, 2024). Share of people who started a business to continue a family tradition worldwide in 2023, by country [Graph]. In Statista. Retrieved January 07, 2025, from https://www.statista.com/statistics/1367573/countries-worldwide-reasons-start-business-continuing-family-tradition-country/
GEM. "Share of people who started a business to continue a family tradition worldwide in 2023, by country." Chart. February 13, 2024. Statista. Accessed January 07, 2025. https://www.statista.com/statistics/1367573/countries-worldwide-reasons-start-business-continuing-family-tradition-country/
GEM. (2024). Share of people who started a business to continue a family tradition worldwide in 2023, by country. Statista. Statista Inc.. Accessed: January 07, 2025. https://www.statista.com/statistics/1367573/countries-worldwide-reasons-start-business-continuing-family-tradition-country/
GEM. "Share of People Who Started a Business to Continue a Family Tradition Worldwide in 2023, by Country." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/1367573/countries-worldwide-reasons-start-business-continuing-family-tradition-country/
GEM, Share of people who started a business to continue a family tradition worldwide in 2023, by country Statista, https://www.statista.com/statistics/1367573/countries-worldwide-reasons-start-business-continuing-family-tradition-country/ (last visited January 07, 2025)
Share of people who started a business to continue a family tradition worldwide in 2023, by country [Graph], GEM, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/1367573/countries-worldwide-reasons-start-business-continuing-family-tradition-country/
