| Current Rank | Country | Value | Latest Reading | Previous Rank | Previous Value |
|---|---|---|---|---|---|
| 1 ↑ | Belgium | 70.9 | 2020 | 23 | |
| 2 ↑ | Cyprus | 69.3 | 2019 | 23 | |
| 3 ↓ | Slovenia | 64.6 | 2019 | 2 | 58.3 |
| 4 ↑ | Hungary | 48.9 | 2019 | 14 | 32.5 |
| 4 ↓ | Serbia | 48.9 | 2019 | 3 | 53.3 |
| 6 ↓ | Bosnia and Herzegovina | 43.4 | 2019 | 1 | 60 |
| 7 ↑ | Portugal | 42.8 | 2019 | 23 | |
| 8 ↑ | Bulgaria | 42 | 2019 | 11 | 34.9 |
| 9 ↑ | Luxembourg | 41.6 | 2020 | 23 | |
| 10 ↓ | Czech Republic | 40.8 | 2019 | 4 | 51.2 |
| 11 ↑ | Ireland | 40.7 | 2020 | 23 | |
| 12 ↑ | Malta | 39.2 | 2019 | 23 | |
| 13 | Georgia | 38 | 2019 | 13 | 33.2 |
| 14 ↑ | Netherlands | 37.5 | 2020 | 23 | |
| 15 ↓ | Macedonia | 37.1 | 2019 | 9 | 40.2 |
| 16 ↓ | Estonia | 36.7 | 2019 | 10 | 36 |
| 17 ↓ | Romania | 36.1 | 2019 | 7 | 41.8 |
| 18 ↓ | Armenia | 35.1 | 2020 | 12 | 34.4 |
| 19 ↑ | Sweden | 34.9 | 2014 | 23 | |
| 20 ↓ | Poland | 33.9 | 2019 | 16 | 26 |
| 21 ↑ | Greece | 33.2 | 2018 | 23 | |
| 22 ↓ | Croatia | 31.4 | 2019 | 6 | 49.3 |
| 23 ↓ | Montenegro | 31.2 | 2019 | 5 | 51 |
| 24 ↓ | Albania | 29.5 | 2019 | 17 | 24.5 |
| 25 ↓ | Slovakia | 29.1 | 2019 | 8 | 41.5 |
| 26 ↓ | Belarus | 25.1 | 2018 | 19 | 20.1 |
| 27 ↓ | Latvia | 23.5 | 2019 | 20 | 15.5 |
| 28 ↓ | Lithuania | 22.6 | 2019 | 18 | 21.4 |
| 29 ↓ | Italy | 22.4 | 2019 | 23 | |
| 30 ↓ | Ukraine | 18.7 | 2019 | 21 | 14.2 |
| 31 ↓ | Moldova | 16 | 2019 | 15 | 28.6 |
| 32 ↓ | Angola | 4.2 | 2010 | 22 | 2.2 |
Percentage of small firms (5-19 workers) in the formal sector with a line of credit or a loan from a (formal) financial institution, such as a bank, credit union, microfinance institution, or cooperative.
