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Financing SMEs and Entrepreneurs 2014

An OECD Scoreboard

image of Financing SMEs and Entrepreneurs 2014

Start-ups and small firms continue to face significant obstacles to fulfilling their potential to innovate, grow and create jobs, particularly when it comes to obtaining access to finance. With its 13 core indicators of debt, equity and general market conditions, complemented by a review of government policy measures, Financing SMEs and Entrepreneurs 2014: An OECD Scoreboard documents these financing difficulties and monitors trends in 31 countries, along with government policy responses to deal with these challenges.

 

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Chile

In Chile, the vast majority of national enterprises are SMEs, representing 99.0% of all enterprises and employing 63%Statistics of the Internal Revenue Office for business year 2012. of the business sector labour force. As of 2011, 77.2% of SMEs were microenterprises, 19.8% small and 2.9% medium-sized enterprises. Although the usual definition of an SME is based on the annual sales of the enterprise, the financial sector uses a definition based on the loan amount, as indicated in .

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