56% of new individual entrepreneurs in Ukraine in 2023 were opened by women

In which regions did women set a record for being in business?

20 November 2023

Since the beginning of the year, women in Ukraine have started 154,000 new businesses and taken charge of over 10,000 new companies. The most new female entrepreneurs are registered in the Khmelnytskyi region, and women in Chernihiv region are most often becoming CEO of new ventures.

Women Entrepreneurs

Starting from February 2023, every second new business in Ukraine is opened by women. The number of women entrepreneurs has increased noticeably since the beginning of fall. Currently, 60% of the new businesses belong to women. Just to compare, in 2021, businesses opened by women made up 49% of the total new businesses.

As of mid-November, the number of new women entrepreneurs is already higher than for the entire year of 2021: 154,388 businesswomen compared to 141,575.

However, it’s worth noting that the overall number of new businesses this year is already greater than in 2021: 274,859 compared to 262,933.

Gender Distribution of Private Entrepreneur Registrations
MonthJanuary 2021FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuary 2022FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuary 2023FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovember

For the second year in a row, women are opening more individual businesses than men in Khmelnytskyi. However, in 2023, there has been an increase in female entrepreneurs starting new ventures in Poltava and Chernihiv. Surprisingly, the smallest percentage of women entrepreneurs was found in the capital city and in the areas near the front lines in Zaporizhia and Kherson regions.

Women CEOs

Unlike the rapid growth of women entrepreneurship, the percentage of women in leadership roles in companies is not increasing as quickly. In the first year of the full-scale invasion, the proportion of women CEOs dropped by almost 5 percentage points to 28%. This year, the situation is returning to the 2021 levels, with the percentage of women CEOs in companies already increasing to 31%. Overall, since the beginning of the year, 32.8 thousand new companies have been opened in Ukraine.

Gender Distribution of CEOs in New Companies
MonthJanuary 2021FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuary 2022FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuary 2023FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovember

Women most often lead newly created companies in Chernihiv, Chernivtsi, and Kirovohrad regions. On the other hand, the fewest women CEOs for the second year in a row are found in Kyiv and its surrounding region, as well as in Poltava and Cherkasy regions.

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