Belgium, Luxembourg, Netherlands: SME access to finance 2019

Of the Benelux countries, Luxembourg has the highest score when it comes to the ease of access of loans. The Global Competitiveness Index (GCI) combines 114 indicators that capture concepts that matter for productivity and long-term prosperity. These indicators are grouped into 12 pillars: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation. These pillars are in turn organized into three subindexes: basic requirements, efficiency enhancers, and innovation and sophistication factors. The three subindexes are given different weights in the calculation of the overall Index, depending on each economy’s stage of development, as proxied by its GDP per capita and the share of exports represented by raw materials.

In your country, how easy is it for SMEs to obtain a loan?

Characteristic	Index score (on a scale of 1 to 7)
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Release date

August 2019

More information

Region

Belgium, Luxembourg, Netherlands

Survey time period

January, 2019, to April, 2019

Number of respondents

187 respondents

Age group

18 years and older

Special properties

Business executives

Method of interview

Online survey

Supplementary notes

This question was phrased by the source as follows: "In your country, to what extent can small- and medium-sized enterprises (SMEs) access finance they need for their business operations through the financial sector?" [1 = not at all; 7 = to a great extent]"

The numbers provided are the weighted average from a survey which took place in 2019. Belgium was not included in 2019, but the source used data from the same survey question in 2018. The exact number of respondents and weight per country were as follows:

Belgium - 2018: 56 respondents with a weight of 48.1 percent;
Luxembourg - 2019: 44 respondents with a weight of 56.5 percent;
Netherlands - 2019: 87 respondents with a weight of 56.4 percent.

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