The OECD SME and Entrepreneurship Outlook 2021 places a special focus on the impact of the COVID-19 crisis on SMEs and entrepreneurship (SME&E), and how governments responded through crisis and recovery policies. It brings together a new series of standardised country profiles to provide a national perspective on the state of the SME and entrepreneurship sector, as well as to benchmark their vulnerabilities and potential of resilience in the context of a post-COVID-19 recovery.
OECD SME and Entrepreneurship Outlook 2021
6. Country Profiles
Abstract
Australia
Austria
Belgium
Canada
Chile
Colombia
Costa Rica
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Israel
Italy
Japan
Korea
Latvia
Lithuania
Luxembourg
Mexico
The Netherlands
New Zealand
Norway
Poland
Portugal
Slovak Republic
Slovenia
Spain
Sweden
Switzerland
Turkey
United Kingdom
United States
Country notes
Australia
Structural business statistics refer to 2016 instead of 2018. Annual national accounts data refer to 2017 instead of 2018. Regional statistics refer to 2019 instead of 2017. Tourism statistics refer to 2018 instead of 2019.
For structural business statistics: small enterprises are firms with 1-19 persons employed. Medium enterprises are: for Australia: 20-199; for OECD average: 20-249. Large enterprises: for Australia 200+; for OECD average: 250+.
Data on cloud computing services refer to 2018 instead of 2020. Data on e-commerce refer to 2019 instead of 2020. Structural business statistics (profit) refer to 2010 instead of 2018.
Austria
Structural business statistics refer to 2016 instead of 2018. Tourism statistics refer to 2017 instead of 2019.
Structural business statistics (profit) refer to 2016 instead of 2018. Global entrepreneurship monitor's data refer to 2018 instead of 2019.
Belgium
Structural business statistics (profit) refer to 2016 instead of 2018. Global entrepreneurship monitor's data refer to 2015 instead of 2019.
Canada
Regional statistics refer to 2018 instead of 2017. Tourism statistics refer to 2018 instead of 2019. Data on trade by entreprise characteristics refer to 2016 instead of 2015.
Structural business statistics come from national sources (Govenrment of Canada, 2020) and refer to 2019. They present the distribution of private sector employees by business size.
Data on cloud computing services refer to 2019 instead of 2020. Data on e-commerce refer to 2019 instead of 2020.
Chile
Data on business dynamics come from national sources (Superintendencia de Insolvencia y Reemprendimiento, 2021).
Tourism statistics refer to 2018 instead of 2019.
Structural business statistics come from Chile's Internal Revenue Service (2019) Estadísticas de Empresa and refer to 2018. The definition is the dependant workers informed by employers to the IRS. Size classes are defined by net annual turnover.
Data on self-employed come from the International Labour Organisation ILOSTAT database 2020. OECD LFS statistics on self-employed follows the ILO guidelines.
Data on informal workers come from the OECD Economic Survey of Colombia 2020 (OECD, 2020), based on the Inter-American Development Bank SIMs database.
Structural business statistics (profit) refer to 2016 instead of 2018.
Data on ICT use come from the OECD Economic Survey of Chile (OECD, 2020). They are drawn from the national ICT survey 2019 (Ministry of Economy) for Chile and refer to 2018. The total OECD is calculated based the OECD ICT Access and Usage by Businesses database and refer to 2019.
Colombia
Data on business dynamics come from national sources (Confederación Colombiana de Cámaras de Comercio, 2020).
Structural business statistics come from the OECD Financing SMEs and Entrepreneurs 2020. An OECD Scoreboard (OECD, 2020).
Data on informal workers come from the OECD Economic Survey of Colombia 2020 (OECD, 2020), based on the Inter-American Development Bank SIMs database.
Data on broadband connection refer to 2018 instead of 2020. Data on e-commerce refer to 2018 instead of 2020. Structural business statistics (profit) refer to 2017 instead of 2018
Costa Rica
Data on business dynamics come from national sources (Instituto Nacional de Estadística y Censos, 2021).
Tourism statistics refer to 2018 instead of 2019. Data on trade by enterprise characteristics refer to 2013 instead of 2015.
National business statistics on employment come from national sources (MEIC, 2019).
Data on self-employed for Costa Rica come from the International Labour Organisation ILOSTAT database 2020. OECD LFS statistics on self-employed follows the ILO guidelines.
Data on informal workers come from the OECD Economic Survey of Colombia 2020 (OECD, 2020), based on the Inter-American Development Bank SIMs database.
Data on economic exposure come from Costa Rica's profile of the OECD Economic Outlook, Volume 2020 Issue 1 (OECD, 2020).
Data on digital uptake in Costa Rica come from the OECD Latin American Economic Outlook 2020 (OECD et al., 2020).
Data on liquidity support are based on an own elaboration of national data from the National Development Bank (Banca de Desarollo, 2021)
Data on government support come from a dedicated OECD report on Costa Rica's public finances (OECD, 2020).
Global entrepreneurship monitor's data refer to 2014 instead of 2019.
Czech Republic
The Google mobility index is drawn from the OECD Economic Surveys of the Czech Republic 2020 (OECD, 2020), based on Google Community Mobility Report. The level during the baseline period was established based on the median value of the volume of visits for each day of the week during the period January 3–February 6, 2020.
Data on bankruptcies come from national sources (Czech Credit Bureau, 2020).
Tourism statistics refer to 2018 instead of 2019.
Global entrepreneurship monitor's data refer to 2013 instead of 2019.
Denmark
Tourism statistics refer to 2018 instead of 2019.
Structural business statistics come from the OECD SME&E Outlook 2019 and refer to 2016.
Global entrepreneurship monitor's data refer to 2013 instead of 2019.
Estonia
Data on self-employed for Estonia come from the International Labour Organisation ILOSTAT database 2020. OECD LFS statistics on self-employed follows the ILO guidelines.
Structural business statistics come from the OECD SME&E Outlook 2019 and refer to 2016.
Global entrepreneurship monitor's data refer to 2017 instead of 2019.
Finland
Tourism statistics refer to 2018 instead of 2019.
Global entrepreneurship monitor's data refer to 2016 instead of 2019.
France
Annual national accounts data refer to 2017 instead of 2018. Tourism statistics refer to 2018 instead of 2019.
Global entrepreneurship monitor's data refer to 2018 instead of 2019.
Germany
Annual national accounts data refer to 2017 instead of 2018. Tourism statistics refer to 2017 instead of 2019.
Greece
Annual national accounts data refer to 2017 instead of 2018.
Data on broadband connection refer to 2019 instead of 2020. Data on cloud computing services refer to 2018 instead of 2020. Data on e-commerce refer to 2019 instead of 2020.
Hungary
Tourism statistics refer to 2017 instead of 2019.
Structural business statistics (profit) refer to 2016 instead of 2018. Global entrepreneurship monitor's data refer to 2016 instead of 2019.
Iceland
Data on self-employed for Iceland come from the International Labour Organisation ILOSTAT database 2020. OECD LFS statistics on self-employed follows the ILO guidelines.
Data on broadband connection refer to 2013 instead of 2020. Data on cloud computing services refer to 2014 instead of 2020.
Ireland
Tourism statistics refer to 2018 instead of 2019.
Structural business statistics (profit) refer to 2016 instead of 2018.
Israel
Structural business statistics come from the OECD SME&E Outlook 2019 and refer to 2015.
Structural business statistics (profit) refer to 2011 instead of 2018.
Information on digital uptake come from a dedicated OECD report on blockchain in Israel (Bianchini and Kwon, 2020).
Information on skills mismatches come from the OECD Economic Surveys of Israel 2018 (OECD, 2018).
Italy
Annual national accounts data refer to 2017 instead of 2018. Tourism statistics refer to 2017 instead of 2019.
Japan
Tourism statistics refer to 2018 instead of 2019.
Structural business statistics come from the OECD SMEs and Entrepreneurship Outlook 2019 and refer to 2016.
Data on digital uptake refer to medium-sized firms, unlike other country profiles where they refer to small firms. Data for Japan are for 2019 for coud computing and 2018 for e-commerce and social media (instead of 2019).
PIAAC data on problem solving skills come from the OECD Skills Strategy for Japan (OECD, 2019).
Korea
Mobility trends come from the OECD Economic Surveys of Korea 2020 (OECD, 2020), based on Google COVID-19 Community Mobility Report (27 July 2020), and refer to trends for places like restaurants, cafes, shopping centers, theme parks, museums, libraries, and movie theaters.
Data on cloud computing services refer to 2018 instead of 2020. Data on e-commerce refer to 2019 instead of 2020. Structural business statistics (profit) refer to 2016 instead of 2018.
Information on skills mismatches come from a dedicated OECD report on "Investing in Youth in Korea" (OECD, 2019).
Latvia
Annual national accounts data refer to 2017 instead of 2018.
Structural business statistics (profit) refer to 2016 instead of 2018.
Lithuania
Annual national accounts data refer to 2017 instead of 2018. Tourism statistics refer to 2018 instead of 2019.
Global entrepreneurship monitor's data refer to 2014 instead of 2019.
Luxembourg
Bankruptcies and firm entries data come national sources (Portail des statistiques du Grand-Duché de Luxembourg, 2021).
Tourism statistics refer to 2018 instead of 2019.
Data on sectoral exposure come from academic litterature (Beine, M et al., 2020).
Structural business statistics (profit) refer to 2016 instead of 2018.
Mexico
Data on business dynamics come from national sources (INEGI, 2020).
Tourism statistics refer to 2018 instead of 2019.
Data on social media refer to 2012 instead of 2019. Data on cloud computing services refer to 2012 instead of 2020. Structural business statistics (profit) refer to 2013 instead of 2018. Data on digital uptake during the COVID-19 crisis are drawn from (ECLAC, 2021).
The Netherlands
Structural business statistics (profit) refer to 2016 instead of 2018.
New Zealand
Tourism statistics refer to 2018 instead of 2019.
Norway
Annual national accounts data refer to 2017 instead of 2018. Tourism statistics refer to 2018 instead of 2019.
Portugal
Annual national accounts data refer to 2017 instead of 2018. Tourism statistics refer to 2016 instead of 2019.
Structural business statistics come from the OECD SME&E Outlook 2019 and refer to 2016.
Slovak Republic
Tourism statistics refer to 2017 instead of 2019.
Data on self-employed for the Slovak Republic come from the International Labour Organisation ILOSTAT database 2020. OECD LFS statistics on self-employed follow the ILO guidelines.
Structural business statistics (profit) refer to 2016 instead of 2018.
Slovenia
Structural business statistics (profit) refer to 2016 instead of 2018.
Spain
Data on trade value refer to 2019 instead of 2018; other indicators on GVC exposure refer to 2018.
Sweden
Annual national accounts data refer to 2017 instead of 2018.
Switzerland
Tourism statistics refer to 2018 instead of 2019. Structural business statistics come from the OECD SME&E Outlook 2019 and refer to 2016. Data on economic exposure come from the International Monetary Fund (IMF, 2021). Data on trade come from national sources (FDF, 2020).
Data on broadband connection refer to 2017 instead of 2020. Data on social media refer to 2017 instead of 2019. Data on cloud computing services refer to 2017 instead of 2020. Data on e-commerce refer to 2011 instead of 2020.
Turkey
Structural business statistics refer to 2019 instead of 2018. Data on trade by enterprise characteristics refer to 2014 instead of 2015.
Structural business statistics (profit) refer to 2019 instead of 2018. Global entrepreneurship monitor's (GEM) data refer to 2018 instead of 2019.
United Kingdom
Structural business statistics come from the OECD SME&E Outlook 2019 and refer to 2015.
Data on broadband connection refer to 2019 instead of 2020. Data on cloud computing services refer to 2018 instead of 2020. Data on e-commerce refer to 2019 instead of 2020.
United States
Structural business statistics come from the OECD SME&E Outlook 2019 and refer to 2015.
Information on digital readiness is drawn from OECD (2020), “E-commerce in the time of COVID-19”, based on a survey undertaken by the US Chamber of Commerce (5 May 2020).
Country-specific sources
Australia
Australian Government (2019), Small Business Counts – Small business in the Australian economy (July 2019), https://www.asbfeo.gov.au/sites/default/files/documents/ASBFEO-small-business-counts2019.pdf.
Australian Taxation Office (2020), JobKeeper Payment, https://www.ato.gov.au/general/jobkeeper-payment.
OECD (2019), “Australia”, in OECD SME and Entrepreneurship Outlook 2019, OECD Publishing, Paris, https://doi.org/10.1787/34907e9c-en.
Parliament of Australia (2021), 2020-21 Additional estimates, https://www.aph.gov.au/Parliamentary_Business/Senate_estimates/ee/2020-21_Additional_estimates.
Parliament of Australia (2020), Coronavirus Economic Response Package Omnibus Bill 2020, https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r6521
Austria
Federal Ministry (2020), KMU im Fokus 2020, https://www.bmdw.gv.at/Themen/Wirtschaftsstandort-Oesterreich/KMU/KMU-im-Fokus.html.
Oesterreich (2021), EU-Aufbauplan, https://www.oesterreich.gv.at/nachrichten/allgemein/EU-Aufbauplan.html.
Statistik Austria (2021), Statistik der Unternehmensinsolvenzen - Vorläufige Daten, http://www.statistik.at/web_de/statistiken/wirtschaft/unternehmen_arbeitsstaetten/unternehmensdemografie_ab_2015/124731.html.
Belgium
Belgian Government (2020), What are the current measures ?, https://www.info-coronavirus.be/en/faq.
Service public fédéral Economie, P.M.E., Classes moyennes et Energie (2021), Coronavirus : réduction des pertes économiques pour les entreprises, https://economie.fgov.be/fr/themes/entreprises/coronavirus/informations-pour-les/coronavirus-reduction-des.
Service public fédéral Economie, P.M.E., Classes moyennes et Energie (2021), Le coronavirus et ses conséquences, https://economie.fgov.be/fr/themes/entreprises/le-coronavirus-et-ses
Canada
Government of Canada (2020). Key Small Business Statistics, https://www.ic.gc.ca/eic/site/061.nsf/eng/h_03126.html.
Costa Rica
Banca de Desarrollo (2021). SBD en Cifras del Sistema de Banca de Desarrollo. Reporte realizado el 27 de mayo del 2021.
Chequeo Digital - ¿Qué tan digital es su PYME? (2021), available at : https://www.pyme.go.cr/chequeodigital
Instituto Nacional de Estadística y Censos (2021), https://www.ine.es.
International Labour Organization (2021), ILOSTAT, https://ilostat.ilo.org.
Ministerio de Economia, Industria y Comercio de Costa Rica (2020), Política Nacional de Empresariedad al 2030, http://reventazon.meic.go.cr/informacion/pyme/MEIC_PNE_2030.pdf
Ministerio de Economia, Industria y Comercio de Costa Rica (2019), Estudio Situacional de la PYME – Serie 2012-2017, http://reventazon.meic.go.cr/informacion/estudios/2019/pyme/INF-012-19.pdf.
OECD (2020), OECD Economic Surveys: Costa Rica 2020, OECD Publishing, Paris, https://dx.doi.org/10.1787/2e0fea6c-en.
OECD et al. (2020), “Costa Rica”, in Latin American Economic Outlook 2020: Digital Transformation for Building Back Better, OECD Publishing, Paris, https://dx.doi.org/10.1787/29f1597e-en.
OECD (2018), "Costa Rica" in SMEs in Public Procurement: Practices and Strategies for Shared Benefits, OECD Public Governance Reviews, OECD Publishing, Paris, https://dx.doi.org/10.1787/9789264307476-en.
OECD (2017), “Participation in global value chains”, in OECD Science, Technology and Industry Scoreboard 2017: The digital transformation, OECD Publishing, Paris, https://dx.doi.org/10.1787/sti_scoreboard-2017-33-en.
Czech Republic
Czech Credit Bureau (2020), Number of bankruptcies in Czech Republic down in October, https://bbj.hu/economy/statistics/figures/number-of-bankruptcies-in-czech-republic-down-in-october.
Czech Government (2021), Measures adopted by the Czech Government against the coronavirus, https://www.vlada.cz/en/media-centrum/aktualne/measures-adopted-by-the-czech-government-against-coronavirus-180545.
Národní Plán Obnovy (2021), https://www.planobnovycr.cz.
OECD (2020), OECD Economic Surveys: Czech Republic 2020, OECD Publishing, Paris, https://dx.doi.org/10.1787/1b180a5a-en.
Denmark
Estonia
Enterprise Estonia, https://www.eas.ee/covid-19-moju-eesti-majandusele/
Estonian Government (2021), COVID-19 Crisis Webpage, https://www.kriis.ee/en.
Labour Force Statistics (2021), Self-Employment | International Labour Organization (ILOSTAT), https://ilostat.ilo.org.
OECD (2019), “Estonia”, in OECD SME and Entrepreneurship Outlook 2019, OECD Publishing, Paris,
Finland
Business Finland (2021), Information on the coronavirus outbreak provided by Business Finland for companies, https://www.businessfinland.fi/en/for-finnish-customers/coronavirus.
Finnvera (2021), Current news for SMEs, https://www.finnvera.fi/eng/growth/current-news-for-smes.
Tax Administration (2020), Corona situation, https://www.vero.fi/en/About-us/newsroom/corona-situation.
Tulli (2020). Coronavirus (COVID-19) and Customs activity, https://tulli.fi/en/coronavirus.
France
Gouvernement français (2021), Protéger, accompagner, développer : Au cœur des missions des DREETS, https://dreets.gouv.fr.
Ministère de l’Economie, des Finances et de la Relance (2021), Coronavirus COVID-19 : Soutien aux entreprises, https://www.economie.gouv.fr/covid19-soutien-entreprises.
Ministère de l’Economie, des Finances et de la Relance (2021), France Relance, https://www.entreprises.gouv.fr/fr/france-relance.
Ministère du Travail, de l’Emploi et de l’Insertion (2021), France Relance, plan de relance de l’activité, https://travail-emploi.gouv.fr/le-ministere-en-action/relance-activite.
Germany
Federal Ministry of Education and Research (2021), SME Innovative: Resource Efficiency, https://www.fona.de/en/measures/funding-measures/sme-innovative-resource-efficiency.php.
Federal Ministry of Finance (2021), A stimulus package for everyone in Germany, https://www.bundesfinanzministerium.de/Web/EN/Issues/Priority-Issues/stimulus-package-for-everyone/stimulus-package-for-everyone.html.
KfW Bankengruppe (2021), KfW coronavirus aid: loans for companies, https://www.kfw.de/inlandsfoerderung/Companies/KfW-Corona-Hilfe.
Greece
Hellenic Statistical Authority (2020), Business Demography: Start-Ups and Closures of Enterprises 2019-2020 (Experimental Statistics Series), https://www.statistics.gr/documents/20181/3608b5df-66f8-2776-bf84-85fbee199962.
Ministry of Finance (2021), Recovery & Resilience Fund - National Recovery and Resilience Plan, https://www.minfin.gr/web/guest/tameio-anakampses.
Hungary
Hungarian Central Statistical Office (2021), Number of newly registered business units by legal forms (monthly data, 2015-2021), https://www.ksh.hu/stadat_infra_3_2.
Hungarian Government (2021), Pályázati Közlemények, https://www.palyazat.gov.hu/helyreallitasi-es-ellenallokepessegi-eszkoz-rrf.
Iceland
European Investment Fund (2020), European Union backs Byggðastofnun to support small businesses in Iceland, https://www.eif.org/what_we_do/guarantees/news/2020/european-union-backs-byggoastofnun-to-support-small-businesses-in-iceland.htm?media=rss&language=en.
Government of Iceland (2021), Icelandic Government announces 1.6bn USD response package to the COVID-19 crisis, https://www.government.is/news/article/2020/03/21/Icelandic-Government-announces-1.6bn-USD-response-package-to-the-COVID-19-crisis.
OECD (2021). R&D Tax Incentives: Iceland, 2020, www.oecd.org/sti/rd-tax-statsiceland.pdf, Directorate for Science, Technology and Innovation, March 2021.
Ireland
Companies Registration Office (2021), Firm entries, https://www.cro.ie/en-ie.
Department of Enterprise, Trade and Employment (2020), Government supports for COVID-19 impacted businesses, https://enterprise.gov.ie/en/What-We-Do/Supports-for-SMEs/COVID-19-supports/Government-supports-to-COVID-19-impacted-businesses.html.
Insolvency Service of Ireland (2021), Firm bankruptcies, https://www.isi.gov.ie.
Irish Government (2021), Public Consultation on Ireland’s National Recovery and Resilience Plan, https://www.gov.ie/en/consultation/6760e-public-consultation-on-irelands-national-recovery-and-resilience-plan.
Irish Government (2020), Government agrees next phase of Ireland’s COVID-19 response, https://www.gov.ie/en/news/72ecf5-government-agrees-next-phase-of-irelands-covid-19-response.
Irish Tax and Customs (2020), COVID-19 information and advice for taxpayers and agents, https://www.revenue.ie/en/corporate/communications/covid19/index.aspx.
Israel
Bianchini, M. et I. Kwon (2020), Blockchain for SMEs and entrepreneurs in Israel, OECD SME and Entrepreneurship Papers, n° 18, Éditions OCDE, Paris, https://doi.org/10.1787/b6d380ed-en.
OECD (2018), OECD Economic Surveys: Israel 2018, Éditions OCDE, Paris, https://doi.org/10.1787/eco_surveys-isr-2018-en.
OECD (2021), Going Digital Toolkit - Israel, https://goingdigital.oecd.org/countries/isr.
OECD (2021), “Israel” in Economic Policy Reforms 2021: Going for Growth, https://www.oecd.org/economy/growth/Israel-country-note-going-for-growth-2021.pdf.
Italy
Governo dell'Italia (2021). Piano Nazionale di Ripresa e Resilienza – Italia Domani, https://www.governo.it/sites/governo.it/files/PNRR.pdf.
Informazioni Parlamentari (2021). Obiettivo Innovazione Digitale : Il Next Gen EU per Transformare le PMI Italiane – Convegno Innovazione Digitale nelle PMI, http://www.infoparlamento.it/eventi/eventi-infoparlamento/obiettivo-innovazione-digitale-il-next-gen-eu-per-trasformare-le-pmi-italiane-convegno-innovazione-digitale-nelle-pmi.
Solidarietà Digitale (2020), Solidarietà Digitale al servizio di studenti e commercianti, https://solidarietadigitale.agid.gov.it/iniziative/#/.
Japan
Bank of Japan (2021), Monetary Policy, https://www.boj.or.jp/en/mopo/mpmsche_minu/index.htm.
Prime Minister of Japan and his Cabinet (2021), Ongoing Topics, http://japan.kantei.go.jp/ongoingtopics/index.html.
OECD (2021), “Changing skill needs in the Japanese labour market”, in Creating Responsive Adult Learning Opportunities in Japan, OECD Publishing, Paris, https://dx.doi.org/10.1787/8f7fecd9-en.
OECD (2019), “Japan”, in OECD SME and Entrepreneurship Outlook 2019, OECD Publishing, Paris, https://dx.doi.org/10.1787/50f7a540-en.
OECD (2019), 'Japan", in OECD Skills Strategy 2019: Skills to Shape a Better Future, OECD Publishing, Paris, https://dx.doi.org/10.1787/9789264313835-en.
OECD (2018), Working Better with Age: Japan, Ageing and Employment Policies, OECD Publishing, Paris, https://dx.doi.org/10.1787/9789264201996-en.
Korea
IMF (2021), Mountains after Mountains: Korea is Containing COVID-19 and Looking Ahead - IMF Country Focus, https://www.imf.org/en/News/Articles/2021/04/29/na042921-mountains-after-mountains-korea-is-containing-covid-19-and-looking-ahead.
Ministry of SMEs and Startups (2021), https://www.mss.go.kr/site/eng/main.do.
OECD (2020), OECD Economic Surveys: Korea 2020, OECD Publishing, Paris, https://dx.doi.org/10.1787/2dde9480-en.
OECD (2019), Investing in Youth: Korea, Investing in Youth, OECD Publishing, Paris, https://dx.doi.org/10.1787/4bf4a6d2-en.
OECD (2019), “Reducing the gap between skill supply and demand in Korea”, in Investing in Youth: Korea, OECD Publishing, Paris, https://dx.doi.org/10.1787/dfe47455-en.
Lithuania
Government of the Republic of Lithuania (2020), EUR 5 billion for public health and the national economy, https://lrv.lt/en/news/eur-5-billion-for-public-health-and-the-national-economy.
Lithuania Ministry of Finance (2021), Naujos Kartos Lietuva, https://finmin.lrv.lt/uploads/finmin/documents/files/Naujos%20kartos%20Lietuva_2021_05_14.pdf.
Luxembourg
Beine, M., & al. (2020), Economic effects of Covid-19 in Luxembourg, https://www.liser.lu/documents/RECOVID/RECOVid_working-note_full-1.pdf.
Guichet en ligne du Grand-Duché de Luxembourg (2020), Exceptional measures regarding teleworking for cross-border workers, https://guichet.public.lu/en/actualites/2020/mars/19-teletravail-frontaliers.html.
Ministère des Finances (2021), Plan pour la Reprise et la Résilience, https://mfin.gouvernement.lu/fr/dossiers/2021/planderelance.html.
Ministère de l’Economie (2020), Coronavirus – Informations pour les entreprises, https://meco.gouvernement.lu/fr/dossiers/2020/coronoavirus-entreprises.html.
Peroni, C., & al. (2020), Global Entrepreneurship Monitor Luxembourg 2019/2020, STATEC, https://statistiques.public.lu/catalogue-publications/LuxGEM/2020/PDF-GEM-2019-20.pdf.
Portail des statistiques du Grand-Duché de Luxembourg (2021), Strong increase in liquidations in March. The number of bankruptcies is back to its level before the health crisis, https://statistiques.public.lu/en/news/enterprises/enterprises/2021/04/20210428/index.html?from=rss.
Startup Luxembourg (2020), Support measures for startups, https://www.startupluxembourg.com/support-measures-startups.
Mexico
Comisión Económica para América Latina y el Caribe (CEPAL) (2021), “Datos y hechos sobre la transformación digital”, Documentos de proyectos (LC/TS.2021/20), Santiago, Comisión Económica para América Latina y el Caribe (CEPAL), available at : https://www.cepal.org/es/publicaciones/46766-datos-hechos-la-transformacion-digital-informe-principales-indicadores-adopcion
Instituto Nacional de Estadística, Geografía e Informática (INEGI) (2020), COMUNICADO DE PRENSA NÚM. 617/2 2 DE DICIEMBRE DE 2020, available at : https://inegi.org.mx/contenidos/saladeprensa/boletines/2020/OtrTemEcon/ECOVID-IE_DEMOGNEG.pdf
OECD et al. (2020), "Mexico" in Latin American Economic Outlook 2020: Digital Transformation for Building Back Better, OECD Publishing, Paris, https://dx.doi.org/10.1787/e6e864fb-en.
New Zealand
New Zealand Insolvency and Trustee Service (2021), Monthly Bankruptcy Figures, https://www.insolvency.govt.nz/support/about/statistics/insolvency-procedure-statistics/monthly-bankruptcy-figures.
New Zealand Ministry of Business, Innovation & Employment (2021), COVID-19: Information for businesses, https://www.business.govt.nz/covid-19.
New Zealand Ministry of Foreign Affairs and Trade (2021), Trade Recovery Strategy, https://www.mfat.govt.nz/en/trade/trade-recovery-strategy/trade-recovery-strategy-overview/#:~:text=The%20Trade%20Recovery%20Strategy%20helps%20put%20New%20Zealand,strong%20tradeable%20sector%20can%20help%20drive%20our%20recovery.
New Zealand Treasury (2020), COVID-19 Economic Package updated, https://www.treasury.govt.nz/news-and-events/news/covid-19-economic-package-updated.
Reserve Bank of New Zealand (2020). Financial system sound, and Reserve Bank providing additional support, https://www.rbnz.govt.nz/news/2020/03/financial-system-sound-and-reserve-bank-providing-additional-supportData on e-commerce refer to 2018 instead of 2020.
Poland
Government of Poland (2021), KPO wysłany do Komisji Europejskiej, https://www.gov.pl/web/planodbudowy/kpo-wyslany-do-komisji-europejskiej.
Government of Poland (2021), GovTech Poland, Polityka rozwoju AI w Polsce przyjęta przez Radę Ministrów – co dalej?, https://www.gov.pl/web/govtech/polityka-rozwoju-ai-w-polsce-przyjeta-przez-rade-ministrow--co-dalej
Government of Poland (2021), Ministry of Development, Labor and Technology, Konsultacje publiczne projektu Strategii produktywności 2030, https://www.gov.pl/web/rozwoj-praca-technologia/konsultacje-publiczne-projektu-strategii-produktywnosci-2031
Government of Poland (2021), Ministry of Development, Labor and Technology, Polityka Nowej Szansy, https://www.gov.pl/web/rozwoj-praca-technologia/polityka-nowej-szansy).
Government of Poland (2021), Ministry of Development, Labor and Technology, Polityka Przemysłowa Polski, https://www.gov.pl/web/rozwoj-praca-technologia/polityka-przemyslowa-polski
Industrial Development Agency Poland (2021), Polityka Nowej Szansy, https://www.arp.pl/uslugi-finansowe/polityka-nowej-szansy
Portugal
Government of Portugal (2021), Portugal 2030, https://www.portugal.gov.pt/pt/gc21/governo/programa/portugal-2030.aspx.
Government of Portugal (2021), Recuperar Portugal, Construindo o futuro – Plano de Recuperação e Resiliência, https://www.portugal.gov.pt/pt/gc22/comunicacao/documento?i=recuperar-portugal-construindo-o-futuro-plano-de-recuperacao-e-resiliencia.
Portal Diplomático do Ministério dos Negócios Estrangeiros (2021), Approval of the 2030 Economic Internationalisation Programme, https://www.portaldiplomatico.mne.gov.pt/en/communication-and-media/press-releases/approval-of-the-2030-economic-internationalisation-programme.
Portugal Digital (2021), Action Plan for Portugal Digital Transition, https://portugaldigital.gov.pt/wp-content/uploads/2020/06/Presentation-Action-Plan-For-Digital-Transtion.pdf.
Slovak Republic
Slovak Republic Ministry of Finance (2021), Plan Obnovy, https://www.planobnovy.sk.
Slovenia
EU Skali (2021), Načrta za okrevanje in odpornost (NOO), https://www.eu-skladi.si/sl/po-2020/nacrt-za-okrevanje-in-krepitev-odpornosti.
Spain
España Puede, available at : https://www.lamoncloa.gob.es/presidente/actividades/Paginas/2020/espana-puede.aspx
Estrategia Espana Nación Emprendedora, available at : https://www.lamoncloa.gob.es/presidente/actividades/Documents/2021/110221-Estrategia_Espana_Nacion_Emprendedora.pdf
Foreign Trade Data by characteristics of the company, available at: https://www.agenciatributaria.es/AEAT.internet/Inicio/La_Agencia_Tributaria/Memorias_y_estadisticas_tributarias/Estadisticas/_Comercio_exterior_/Datos_estadisticos/Descarga_de_Datos_Estadisticos/Datos_de_Comercio_Exterior_por_caracteristicas_de_la_empresa/Datos_de_Comercio_Exterior_por_caracteristicas_de_la_empresa.shtml
Guía de empresas, available at : https://portal.mineco.gob.es/es-es/ministerio/covid19/Paginas/Medidas_para_empresas.aspx
Ministerio de Asuntos Económicos y Transformación Digital (2021), Medidas adoptadas COVID-19. Medidas para autónomos, available at : https://portal.mineco.gob.es/es-es/ministerio/covid19/Paginas/Medidas_para_autonomos.aspx
Ministerio de Asuntos Económicos y Transformación Digital (2021), Medidas adoptadas COVID-19. Medidas para empresas, available at : https://portal.mineco.gob.es/es-es/ministerio/covid19/Paginas/Medidas_para_empresas.aspx
Ministerio de Asuntos Económicos y Transformación Digital (2021), Plan de recuperación, transformación y resiliencia, https://portal.mineco.gob.es/es-es/ministerio/areas-prioritarias/Paginas/PlanRecuperacion.aspx.
Plan de Acción para la Internacionalización de la Economía Española 2021-2022, available at : https://www.lamoncloa.gob.es/consejodeministros/resumenes/Documents/2021/110521-Plan-de-Accion-para-la-Internacionalizacion-de-la-Economia-Espanola-2021-2022.pdf
Plan de Digitalización de PYMES 2021-2025, available at https://portal.mineco.gob.es/RecursosArticulo/mineco/ministerio/ficheros/210127_plan_digitalizacion_pymes.pdf
Plan Nacional de Competencias Digitales, available at : https://portal.mineco.gob.es/RecursosArticulo/mineco/ministerio/ficheros/210127_plan_nacional_de_competencias_digitales.pdf
Programa Acelera PYME (2021), available at : https://www.acelerapyme.gob.es/programa-acelera-pyme
Real Decreto-ley 8/2020, de 17 de marzo, de medidas urgentes extraordinarias para hacer frente al impacto económico y social del COVID-19, available at : https://www.boe.es/buscar/pdf/2020/BOE-A-2020-3824-consolidado.pdf
Real Decreto-ley 25/2020, de 3 de julio, de medidas urgentes para apoyar la reactivación económica y el empleo, available at : https://www.boe.es/buscar/pdf/2020/BOE-A-2020-7311-consolidado.pdf
Real Decreto-ley 5/2021, de 12 de marzo, de medidas extraordinarias de apoyo a la solvencia empresarial en respuesta a la pandemia de la COVID-19, available at : https://www.boe.es/buscar/pdf/2021/BOE-A-2021-3946-consolidado.pdf.
Sweden
Government Offices of Sweden (2021), EU Recovery and Resilience Facility (RRF), https://www.government.se/articles/2020/12/eu-recovery-and-resilience-facility-rrf.
Government Offices of Sweden (2020), The Government’s work in response to the virus responsible for COVID-19, https://www.government.se/government-policy/the-governments-work-in-response-to-the-virus-responsible-for-covid-1.
Sveriges Riksbank (2020), Riksbank lends up to SEK 500 billion to safeguard credit supply, https://www.riksbank.se/en-gb/press-and-published/notices-and-press-releases/press-releases/2020/riksbank-lends-up-to-sek-500-billion-to--safeguard-credit-supply
Switzerland
Federal Department of Finance FDF (2020), Swiss foreign trade 2019 - Annual Report, https://www.ezv.admin.ch/ezv/fr/home/themes/statistique-du-commerce-exterieur-suisse/publications/rapports-annuels.html.
IMF (2021), Switzerland: Staff Concluding Statement of the 2021 Article IV Mission (April 7, 2021), https://www.imf.org/en/News/Articles/2021/04/06/mcs040621-switzerland-staff-concluding-statement-of-the-2021-article-iv-mission.
Institute for Young Enterprises (2020), National Analysis of Swiss Incorporations in 2020, https://www.ifj.ch/National-Analysis-of-Swiss-Incorporations-in-2020.
State Secretariat for Economic Affairs SECO (2021), SME Policy, https://www.seco.admin.ch/seco/en/home/Standortfoerderung/KMU-Politik.html
Swiss Federal Statistical Office (2020), Bankruptcy Statistics 2020, https://www.bfs.admin.ch/news/en/2021-0412.
Turkey
Medina, L. and F. Schneider (2018), “Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?”, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3124402.
OECD (2021). Economic Surveys - Turkey. Executive Summary, January 2021, https://www.oecd.org/economy/surveys/TURKEY-2021-OECD-economic-survey-overview.pdf
OECD (2018), OECD Economic Surveys: Turkey 2018, OECD Publishing, Paris, https://dx.doi.org/10.1787/eco_surveys-tur-2018-en
Scientific and Technological Research Council of Turkey (2021), Tübitak SME R&D Start-Up Support Programme, https://www.tubitak.gov.tr/en/funds/industry/national-support-programmes/content-1507-tubitak-sme-rd-start-up-support-programmehttps://www.insolvency.govt.nz/support/about/statistics/insolvency-procedure-statistics/monthly-bankruptcy-figures.
Small and Medium Enterprises Development Organization of Turkey (2021), SME Finance Supports, https://en.kosgeb.gov.tr/site/tr/genel/destekler/6311/sme-finance-supportshttps://www.insolvency.govt.nz/support/about/statistics/insolvency-procedure-statistics/monthly-bankruptcy-figures.
United States
US Small Business Administration (2021), American Rescue Plan Act Elevates Small Business Support in Response to COVID-19 Pandemic, March 12, 2021 | Release Number 21-19 – available at: https://www.sba.gov/article/2021/mar/11/american-rescue-plan-act-elevates-small-business-support-response-covid-19-pandemic
References
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OECD (2021), The Digital Transformation of SMEs, OECD Studies on SMEs and Entrepreneurship, OECD Publishing, Paris, https://dx.doi.org/10.1787/bdb9256a-en.
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OECD (2020), ““The territorial impact of COVID-19: Managing the crisis across levels of government””, OECD Policy Responses to Coronavirus (COVID-19), http://www.oecd.org/coronavirus/policy-responses/the-territorial-impact-of-covid-19-managing-the-crisis-across-levels-of-government-d3e314e1/.
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OECD (2020), Women enterprise policy and COVID-19: Towards a gender-sensitive response - OECD webinar.
Annex 6.A. Sources and definitions of benchmarking indicators
COVID-19 impact |
|||
---|---|---|---|
Stringency of government measures |
Oxford Government Stringency Index |
Government response stringency index, as a composite measure based on nine response indicators including school closures, workplace closures, and travel bans, rescaled to a value from 0 to 100 (100 = strictest). If policies vary at the subnational level, the index is shown as the response level of the strictest sub-region. Country values from January 2020 to April 2021. |
|
Business dynamics |
Firm entries (%) |
New enterprise creation January 2020-March 2021, year-on-year difference and cumulative year-on-year difference as a %. For the definition of enterprise creation, see methodology in primary source. |
|
Firm exits (%) |
Bankruptcies, January 2020-March 2021, year-on-year difference and cumulative year-on-year difference as a %. For the definition of bankruptcies, see methodology in primary source. |
||
Factors of vulnerability |
|||
Size of the SME&E sector |
Share of SMEs in total employment (%) |
Employment by enterprise size as a percentage of all persons employed in business economy. Micro firms include firms with 1-9 persons employed; small firms: 10-49 persons employed; medium-sized firms: 50-249 persons employed; and large firms: more than 250 persons employed. Data refer to 2018 or latest year available. |
OECD Structural and Demographic Business Statistics database (SDBS) |
|
Share of SMEs in total value added (%) |
Value added by enterprise size as a percentage of total business economy value added. Micro firms include firms with 1-9 persons employed; small firms: 10-49 persons employed; medium-sized firms: 50-249 persons employed; and large firms: more than 250 persons employed. Data refer to 2018 or latest year available. |
OECD Structural and Demographic Business Statistics database (SDBS) |
Share of self-employed in total employment (%) |
Self-employment is defined as the employment of employers, workers who work for themselves, members of producers' co-operatives, and unpaid family workers. It is expressed as a percentage of total employment. Trends between 2005 and 2019. |
||
Economic exposure to lockdowns and business disruptions |
Most affected sectors, share in total employment (%) |
The most affected sectors by COVID-19 containment measures, share of total employment (%), 2018 or latest year available. |
OECD Statistical Insights: Small, Medium and Vulnerable (2020), calculations based OECD Annual National Accounts database. |
The region most at risk |
Regions with the highest share of jobs at risk by country, TL2 regions, 2017. |
OECD (2021), Regional Outlook 2021 based on OECD Job Creation and Local Economic Development 2020: Rebuilding Better |
|
Direct contribution of tourism in total employment (%) |
Tourism as a % of total employment, 2019 or latest year available. |
||
International trade and GVC exposure |
SMEs as exporters (%) |
Share of SMEs in trade value, exports, 2015 or latest year available |
|
SMEs as importers (%) |
Share of SMEs in trade value, imports, 2015 or latest year available |
||
SME exporters in long GVCs (%) |
Share of SMEs in trade value, exports, long GVCs, 2015 or latest year available |
Calculations based on OECD Trade by Enterprise Characteristics database |
|
SME importers in long GVCs (%) |
Share of SMEs in trade value, imports, long GVCs, 2015 or latest year available |
Calculations based on OECD Trade by Enterprise Characteristics database |
|
Foreign affiliates (FAs) sourcing locally (%) |
Sourcing structure of foreign affiliates, percentage of foreign affiliates’ sourcing that comes from domestic multinationals (MNEs) and non-MNEs, total economy, 2016. |
||
FAs output used locally (%) |
Output use of foreign affiliates, as a percentage of the output of foreign affiliates that is used by domestic MNEs and non-MNEs for intermediary consumption, total economy, 2016 |
||
Sources of resilience |
|||
Digital readiness |
Broadband connection (%) |
Percentage of small businesses [10-49] with a broadband download speed at least 100 Mbit/s (%). All activities in manufacturing and non-financial market services. Data refer to 2020 or latest year available. Distribution along a stylised curve of adoption (OECD, 2021). |
OECD ICT Access and Usage by Businesses and OECD (2021), The Digital Transformation of SMEs. |
Use of social media (%) |
Percentage of small businesses [10-49] using social media (%). All activities in manufacturing and non-financial market services. Data refer to 2019 or latest year available. Distribution along a stylised curve of adoption (OECD, 2021). |
OECD ICT Access and Usage by Businesses and OECD (2021), The Digital Transformation of SMEs |
|
E-commerce (%) |
Percentage of small businesses [10-49] receiving orders over computer networks (%). All activities in manufacturing and non-financial market services. Data refer to 2020 or latest year available. Distribution along a stylised curve of adoption (OECD, 2021). |
OECD ICT Access and Usage by Businesses and OECD (2021), The Digital Transformation of SMEs |
|
Cloud computing (%) |
Percentage of small businesses [10-49] purchasing cloud computing services (%).All activities in manufacturing and non-financial market services. Data refer to 2020 or latest year available. Distribution along a stylised curve of adoption (OECD, 2021). |
OECD ICT Access and Usage by Businesses and OECD (2021), The Digital Transformation of SMEs |
|
Cash reserves |
SME profit, as a share of production (%) |
Gross operating surplus of firms with less than 250 employees as a percentage of their production. Industry (excluding construction) only. Data refer to 2018 or latest year available. |
OECD Structural and Demographic Business Statistics database (SDBS) |
Liquidity support |
SMEs receiving government support, total (%) |
Percentage of SMEs with a Facebook page that received government support, December 2020. |
Facebook/OECD/World Bank (2020), Future of Business Survey |
SMEs receiving grants and subsidies (%) |
Percentage of SMEs with a Facebook page that received government support in the form of grants or subsidies, December 2020. |
Facebook/OECD/World Bank (2020), Future of Business Survey |
|
SMEs receiving credits and deferrals (%) |
Percentage of SMEs with a Facebook page that received government support in the form of credit or deferral of payments, December 2020. |
Facebook/OECD/World Bank (2020), Future of Business Survey |
|
SMEs receiving non-financial support (%) |
Percentage of SMEs with a Facebook page that received non-financial government support (e.g. information, technical assistance or advisory services), December 2020. |
Facebook/OECD/World Bank (2020), Future of Business Survey |
|
Entrepreneurship regulatory framework |
Simplification and evaluation of regulations (index) |
Composite index that captures the government's communication strategy and efforts to reduce and simplify the administrative burden of interacting with the government, including impact assessment on competition, interaction with interest groups and the complexity of regulatory procedures. Scores from 0 - least restrictive - to 6 - most restrictive. Data refer to 2018. |
|
Low administrative burdens on start-ups (index) |
Component of the composite index "Barriers to domestic and foreign entry". Covers the administrative burden on joint-stock companies and personally-owned enterprises, as well as administrative burden related to licenses and permits procedures. Scores from 0 - least restrictive - to 6 - most restrictive. The indicator is treated as a potential barrier to SME performance and country benchmark has been reversed (the higher the index performance is, the lower the administrative burdens are). Data refer to 2018. |
||
Low cost of starting a business (in % of income per capita) |
Captures the cost (in % of income per capita) for starting a business, registering property and to prepare, file and pay taxes. The indicator is treated as a potential barrier to SME performance and country benchmark has been reversed (the higher the index performance is, the lower the cost). Data refer to 2019. |
World Bank Doing Business 2020 – Starting a business |
|
Strength of insolvency framework (index) |
Measures the insolvency law de jure. Calculated as the sum of the scores on 4 other indices: i) commencement of proceedings index (with a range of 0–3), ii) management of debtor’s assets index (0–6), iii) reorganization proceedings index (0–3) and iv) creditor participation index (0–4). The strength of insolvency framework index ranges from 0 to 16, with higher values indicating insolvency legislation that is better designed for the rehabilitation of viable firms and the liquidation of nonviable ones. Data refer to 2019. |
World Bank Doing Business 2020 – Resolving insolvency |
|
Low cost of resolving insolvency |
Resolving insolvency (cost, % of estate). Indicator on the actual cost (in % of estate) to close a business. The indicator is treated as a potential barrier to SME performance and country benchmark has been reversed ((the higher the index performance is, the lower the cost). Data refer to 2019. |
World Bank Doing Business 2020 - Resolving insolvency |
|
Innovation skills |
Perceived capabilities to start a business (%) |
Perceived entrepreneurial capabilities among adult population (%), as a percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who believe they have the required skills and knowledge to start a business. Scoring from 0 (low) to 100 (high). Data refer to 2019 or latest year available. |
Global Entrepreneurship Monitor (GEM) - Adult Population Survey |
Computer and electronics skills |
Skills shortage or surplus of computer and electronics skills, i.e. knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming. Positive values indicate skill shortage while negative values point to skill surplus. The larger the absolute value, the larger the imbalance. Results are available on a scale that ranges between -1 and +1. The indicator is treated as a potential barrier to SME performance and country benchmark has been reversed ((the higher the index performance is, the lower the imbalance in skills use and availability in the country). Data refer to 2015. |
||
Adaptability/ flexibility skills |
Skills shortage or surplus of adaptability/flexibility skills. Positive values indicate skill shortage while negative values point to skill surplus. The larger the absolute value, the larger the imbalance. Results are available on a scale that ranges between -1 and +1. The indicator is treated as a potential barrier to SME performance and country benchmark has been reversed ((the higher the index performance is, the lower the imbalance in skills use and availability in the country). Data refer to 2015. |
||
Complex problem solving skills |
Skills shortage or surplus of complex problem solving, i.e. developed capacities used to solve novel, ill-defined problems in complex, real-world settings. Positive values indicate skill shortage while negative values point to skill surplus. The larger the absolute value, the larger the imbalance. Results are available on a scale that ranges between -1 and +1. The indicator is treated as a potential barrier to SME performance and country benchmark has been reversed ((the higher the index performance is, the lower the imbalance in skills use and availability in the country). Data refer to 2015. |
||
Practical intelligence for innovation |
Skills shortage or surplus of practical intelligence for innovation (workstyle). Positive values indicate skill shortage while negative values point to skill surplus. The larger the absolute value, the larger the imbalance. Results are available on a scale that ranges between -1 and +1. The indicator is treated as a potential barrier to SME performance and country benchmark has been reversed ((the higher the index performance is, the lower the imbalance in skills use and availability in the country). Data refer to 2015. |