Financing SMEs and Entrepreneurs 2016

An OECD Scoreboard

image of Financing SMEs and Entrepreneurs 2016

This report monitors SME and entrepreneur access to finance in 37 countries. It includes indicators of debt, equity, asset-based finance and framework conditions for SME and entrepreneurship finance, complemented by an overview of recent developments in public and private initiatives to support SME finance. Taken together, these indicators form a comprehensive framework for policy makers and other stakeholders to evaluate the financing needs of SMEs.

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In Chile, SMEs account for the overwhelming majority of the total number of enterprises. In the commercial year 2014, 98.5% of the firms were classified as SMEs, including employer and non-employer firms in all industries. Microenterprises made up 75% of the total number of firms; whereas small and medium ones accounted for 20.7% and 3.1% of the total, respectively. Although SMEs represent almost all of the enterprises, they only account for about 16% of total annual sales. Likewise, according to the statistics of the Internal Revenue Service (Servicio de Impuestos Internos, SII), SMEs accounted for 45% of the payroll of Chilean firms in the commercial year 2014.




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