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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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Spain

Spanish SMEs benefit from a supportive administrative and regulatory framework as compared to the OECD median. However, regional regulatory differences create barriers to achieving a single domestic market, and progress on implementing the Market Unity Law is slow. The government reinforced the legal implementation framework of the SME test in 2017. In addition, the insolvency regime remains constraining and recent reforms have aimed to improve business liquidity and access to credit. The Business Health Tool (2017) provides free online support to entrepreneurs for assessing the viability of their business. Besides, the Government has recently approved the first Strategic Framework for Spanish SMEs, conceived as an instrument for improving SME competitiveness and growth possibilities.

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