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 2013, more than 99% of all firms in Georgia were SMEs, accounting for 42.7% of total private employment. The low share of employment generated illustrates that the economy in Georgia is strongly dependent on large enterprises and that SMEs play a relatively minor role in the economy. Moreover, SMEs contributed to only 20.6% of private sector value added in 2013, indicating that labour productivity in small and medium-sized enterprises is significantly trailing behind productivity in large firms.




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