Globally, almost 68 million young people aged 15-24 are unemployed (that is, are available for and seeking work), a rate three times that of adults 25 and over. Labour force participation is particularly low among young women who are twice as likely as young men to not be in education, employment, or training (NEET). This is particularly stark in the Arab States where the unemployment rate among youth aged 15-24 currently stands at an estimated 23%, compared with a global average of 13.7%. Promoting entrepreneurship can create alternative opportunities for youth to contribute to economic development. For example, 65% of employment in the European Union is generated by small- and medium-sized enterprises (enterprises with between 0 and 250 employees).