Mexico is home to a large number of female entrepreneurs, and women’s participation in business operations is growing like never before.

According to a study by the Global Entrepreneurship Monitor (GEM), Mexico is one of the four countries in the world, and the only one in Latin America, where there are more female entrepreneurs than their male counterparts. In fact, considering the report, three out of five small- and medium-sized enterprises (SMEs) opening in Mexico are led by women.

Mexico holds unique position in the report, with 49.3% of the adult population in the country considering entrepreneurship as a desirable career option. The Latin American region as a whole shows the best gender parity, with eight women engaged in early stage entrepreneurship for every ten male entrepreneurs.

In many Asian countries – including Vietnam, Indonesia, and the Philippines – women are increasingly launching business of their own; however, many of them are doing it out of inevitability rather than an opportunity. As a comparison, only 19% of Mexican women said in the survey that they had no option but to launch a business.

The report has examined female participation in businesses in 74 countries around the world, where 163 million women started businesses in the past year

“Women entrepreneurs provide incomes for their families, employment for those in their communities, and products and services that bring new value to the world around them,” said Donna Kelley, co-author of GEM’s report.

The report comes at a time when Google is offering Mexican women free digital tools, encouraging them to launch a career in the technology sector.