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OECD - Entrepreneurship at a Glance 2016

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Entrepreneurship at a Glance 2016
Please cite this publication as:
OECD (2016), Entrepreneurship at a Glance 2016, OECD Publishing, Paris, http://dx.doi.org/10.1787/entrepreneur_aag-2016-en.
Metadata Legal and Rights ISBN 978-92-64-26563-9 epub - 978-92-64-25753-5 - photo 2
Metadata, Legal and Rights
ISBN: 978-92-64-26563-9 (epub) - 978-92-64-25753-5 (print) - 978-92-64-25754-2 (pdf) - 978-92-64-25755-9 (web)
DOI: http://dx.doi.org/10.1787/entrepreneur_aag-2016-en
Series: Entrepreneurship at a Glance
ISSN: 2226-6933 (print) - 2226-6941 (online)
This work is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of OECD member countries.
This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.
The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.
Photo credits: Cover Yuriy Belmesov/Shutterstock.com; Chapters: Philippe Mairesse/Devizu.
Corrigenda to OECD publications may be found on line at: www.oecd.org/about/publishing/corrigenda.htm.
OECD 2016
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Foreword

The collection of entrepreneurship indicators presented in Entrepreneurship at a Glance is the result of the OECD-Eurostat Entrepreneurship Indicators Programme (EIP). The programme, started in 2006, was the first attempt to compile and publish international data on entrepreneurship from official government statistical sources. From the outset a key feature in the development of these indicators has been to minimise compilation costs for national statistical offices, which is why the programme focuses attention on exploiting existing sources of data.

Informing policy design through the development of policy-relevant indicators is at the core of the EIP programme, and much attention is paid to responding to information needs. In particular, the global financial crisis highlighted the need for more timely information on the situation of small businesses. To that purpose, Entrepreneurship at a Glance features an opening section on recent trends in entrepreneurship, discussing new data on enterprise creations and exits, bankruptcies and self-employment. In the present edition, the opening section also introduces for the first time findings on expected job creation in the SME sector; they result from a new online business survey designed by Facebook in cooperation with the OECD Statistics Directorate and the World Bank.

This edition was prepared in the Trade and Competitiveness Division of the OECD StatisticsDirectorate by Frdric Parrot, Gueram Sargsyan, Liliana Suchodolska, Joseph Winkelmann and Beln Zinni, with input from Diana Doyle. Nadim Ahmad and Mariarosa Lunati provided overall guidance and edited the publication.

Particular thanks go to Eurostat and to experts in National Statistical Offices from Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, Colombia, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Iceland, Israel, Italy, Japan, Korea, Latvia, Lithuania, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Romania, the Russian Federation, the Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, the United Kingdom and the United States; and to Cornelius Mueller from Invest Europe, and Ted Liu from the Canadian Venture Capital and Private Equity Association for help and advice on equity capital statistics.

Executive summary
Entrepreneurialism is on the rise again

Although the post-crisis recovery in entrepreneurialism remains mixed across countries - with enterprise creation rates at half their pre-crisis levels in the case of Finland, around one-fifth to one-third lower in the United States, Germany, Spain, Belgium and Italy, and higher in the United Kingdom, France, Sweden and the Netherlands - the most recent data (end of 2015 and beginning of 2016) provide tentative signs of a turning point, with trends in enterprise creation rates pointing upwards in most economies.

New evidence from a survey prepared by Facebook in cooperation with the OECD and the World Bank also points to a more positive outlook on job creation. Around half of firms with 50 or more employees and between 10% and 20% of self-employed firms in G7 economies, for example, expect to increase employment in the next six months. Moreover the survey provides essential insights on the importance of creative destruction and innovation in driving employment growth, with the proportion of firms less than three years old expecting to increase employment in the short term higher than the corresponding proportion for firms more than ten years old in nearly all countries.

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