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* TEA 2002 Data
** TEA 2003 Data
All other data averaged for 2002-2003

1: FEA Rate (Firm Entrepreneurial Activity Rate) = [# of entrepreneurial firms / # of all firms) / (# of all entrepreneurial jobs / # of all jobs)]a
Entrepreneurial firms defined as firms having a major impact on the market (as reported by owner-managers) (e.g. Firms that are providing goods or services new to the market)

a: 0 point is equal to 2 to avoid negative numbers

2: TEA Rate (Total Entrepreneurial Activity Rate) = Number of adults out of every 100 adults that were involved in operating or starting a business less than 3.5 years old

Compiled from Global Entrepreneurship Monitor - 2003 Executive Report

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