11th October 2016

OECD Entrepreneurship at a Glance 2016: Czech Republic: Start-up birth rates fall

OECD 's Entrepreneurship at a Glance 2016 presents a collection of indicators for measuring the state of entrepreneurship and its determinants, produced by the OECD-Eurostat Entrepreneurship Indicators Programme. It introduces data from a new online small and medium-sized enterprises (SME) survey prepared by Facebook in co-operation with the OECD and the World Bank, and features a special chapter on SME productivity, and indicators to monitor gender gaps in entrepreneurship.

Self-employment rates and the number of self-employed were significantly above pre-crisis values in 2015 in France (partly reflecting a change in legislation to simplify the creation of small businesses), the Netherlands and the United Kingdom, with recent trends also pointing strongly upwards. Self-employment rates and the number of selfemployed were also significantly above pre-crisis values in Finland and the Czech Republic but recent trends are pointing downwards in these countries.

In many economies, post-crisis labour productivity growth in the manufacturing sector was broadly similar in SMEs and large enterprises. However, in Denmark, the Czech Republic, the Slovak Republic and Slovenia, large firms outperformed SMEs, while in Greece the opposite was true.

Start-ups with employees, i.e. the group of employer enterprises that are up to two years old, represent between 20% and 35% of all employing firms in the OECD area. In a majority of countries, this proportion decreased significantly between 2006 and 2013, and particularly so in the Czech Republic, Hungary, Italy, Luxembourg and Spain. The falling share of start-ups was mainly due to the decline in birth rates rather than to the decrease in survival rates of enterprises in their first two years of life.

Although the share of SMEs in the number of firms that export to (or import from) China and India is lower than their share at the global level in all economies, the contribution of SMEs to the value of overall exports to China and India is higher in many, including the Czech Republic and Lithuania

Venture capital investments (2015 or latest} amounted to 1.85mil. USD, compared with 122.87mil. USD in Austria or 9.91mil. USD in Slovakia, the analysis says..


Members of the American Chamber of Commerce in the Czech Republic