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OECD SME and Entrepreneurship Outlook 2019

image of OECD SME and Entrepreneurship Outlook 2019

The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs.

This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. It explores the implications of digitalisation and globalisation for market conditions and SME access to strategic resources such as finance, skills, technology, data and other innovation assets. The report gives comparative analysis of regulatory frameworks and policies to enhance contributions by SMEs and entrepreneurs, and delivers a forward-looking perspective on the opportunities and challenges SMEs and entrepreneurs face in doing business and scaling up their activities. It also contains country profiles outlining the latest developments in national SME performance and business conditions, with expanded country profiles available on line.

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Iceland

Considering the size of its economy and administration, Iceland does not generally issue SME-specific policies. Relative improvements in the burden of administrative procedures have been observed, such as a decrease in the number of tax payments per year from 26 in 2008 to 21 in 2017. However, this is still almost twice the average of high-income OECD countries. In 2016, the Icelandic Committee on Trade Procedures and e-Commerce was appointed to implement a National Interoperability Framework in line with the EU Digital Agenda. The aim is to improve the e-commerce, transparency and user-friendliness linked to e-government procedures and criteria, and simplify administrative and trade procedures for businesses.

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