Scaleup companies, defined as firms with a minimum of 20% average annual employment growth, are fundamental to new job creation in Chile. While only 7% of Chilean firms are classified as scaleups, these companies have contributed to 59% of new job creation in the country, according to a survey conducted by the World Bank.
Scaleups Are Some of the Largest Job Creators in Chile
This is particularly significant for Chile, where nearly 140,000 young people between the ages of 15 and 24 are unemployed, and 840,000 young adults are projected to enter the job market between 2012 and 2020. Only 43% of all Chilean firms surveyed by the World Bank created new jobs during the three-year survey period.
To download our full report on scaleups in Chile and learn more about its methodology, click on the embedded link below.
Contributed by Jona Afezolli.