SMEs

Climate Change, Digitalisation, New Data, SMEs, Surveys

Business Statistics as Usual Will No Longer Suffice

6 minute readThe business sector contributes 63% to GDP in the OECD and is a key driver of economic development, trade, innovation, and job creation. It is also a key source of emissions. OECD’s business statistics are therefore an important tool for monitoring economic growth and the transition to climate neutrality. In addition, to reduce their carbon footprint, firms must innovate with cleantech and digital solutions. This means radical changes in how they produce, invest and trade, as well as a greater need to monitor these changes. The digitalisation that occurs during these processes presents opportunities for new high-quality data to complement traditional business statistics, with the additional benefit of mitigating the survey fatigue experienced by firms in OECD countries. This blog deals with statistical issues that are particularly relevant to Small and Medium-sized Enterprises (SMEs), but many of them also apply to business statistics in a broader sense.

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Inflation, SMEs, Ukraine

Turbulent times for SMEs 

4 minute readIn recent years, the global economy has experienced a number of deep shocks, due to escalating geo-political tensions, global financial risks, tighter monetary and fiscal policy stances, financial-sector stress, labour shortages, trade barriers and slowing integration in global value chains. Drawing on the Timely Indicators of Entrepreneurship and the first chapter of the OECD SME and Entrepreneurship Outlook, this article examines recent developments in business dynamism.

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