This research focused on Latin-American countries belonging to the GEM, (the Global Entrepreneurship Monitor), a research organization. The principal objective of this research is to correlate the main database contents in order to obtain empirical evidence about the variables affecting the level of entrepreneurial activity in the region during 2006. The analysis of data and reports serve as groundwork to calculate the main indicator, the TEA (total entrepreneurship activity) of the Latin-American region. This study is guided only to elaborate an initial diagnosis for Latin-America through the GEM model. The results and conclusions allow to appreciate the present and future weaknesses and strengths of the region for the years of 2006 through 2030