The findings are from the latest Index of Women Entrepreneurs compiled annually by MasterCard. It analyses the factors that facilitate or inhibit the business success of women in 58 countries together represent almost 80% of the world’s female labour force.

The ranking was topped by Israel, followed by the United States and Switzerland. Then came New Zealand and Poland, who were ahead of the United Kingdom and Canada. After Poland, the next highest ranked EU countries were Sweden{eight} and Spain{tenth}, with Australia between them.

Poland was praised for narrowing the gender gap in entrepreneurial activity from 25% to 10%. The country also scored highly in the assessment of “women advancement outcomes”, which takes account of women business leaders, professional and technical workers and women’s labour force participation.

Poland advancement in the ranking is a great example of how the use of gender- specific support mechanisms can quickly bring visible results.

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