New Zealand, Iceland and the United Kingdom have the highest rates of new start-ups among OECD countries, followed by Canada and Estonia. The United States ranks 23rd out of the 34 OECD countries, just above the Czech Republic and Chile. As of late 2011, though, some countries that normally have high rates of start-ups were experiencing a decline. For instance, the rate of start-ups in Spain dropped by almost half from May 2007 to May 2009 before rising slightly in late 2010, and the rate of start-ups in the U.K., Denmark, Germany and Italy all dropped toward the end of 2011.
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