SMEs in Figures

In 2009 the SME share in the country’s gross domestic product (GDP) has made 42.5% in comparison with 41.7% of 2008 and is twice as much as the same indicator of 1999.

The SME share in the country’s export volume has also increased and made 17.7% in 2009, versus 17.9% recorded in 2008 and 17.4% in 2007

As of January 01, 2010 SMEs made 97.7% of the registered legal entities and sole proprietors with total number of 132,923.

The SME Development Index, calculated by the UN methodology, constituted 404.7 in 2009, which is 7 times as much as that of 2002.

"SME sphere in Armenia - 2003-2009"

Dinamics of SME Development Index in Armenia in 2002-2009 years
*Year*	Share of private sector in economy [%]	Share of SME sphere in GDP [%]	Share of SME employees in total number of employed people [%]	GDP per capita [USD]	SME Development Index [For income per capita against GDP]
2002	81	34.4	28.2	739.9	58.1
2003	83	36.5	31.0	873.4	82.0
2004	84	38.6	32.9	1104.4	117.8
2005	84	39.8	34.0	1513.0	171.9
2006	84	40.3	35.1	1996.0	237.2
2007	84	41.0	40.7	2844.0	398.6
2008	84	41.7	42.1	3689.0	544.0
2009	84	42.5	42.2	2686.0	404.7

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News

01.09.2010

Trade Academy - Unique source of information

HSBC Bank Armenia cjsc and Small and Medium Entrepreneurship Development National Centre of Armenia (SME DNC) will jointly launch the first phase of HSBC Trade Academies designed to help Armenian exporters and importers of all sizes capitalise on trade opportunities.

The joint HSBC / SME DNC initiatives are aimed at providing training events and additional trade assistance for businesses looking to enhance their ability to grow their international trade business...

27.07.2010

Innovative Ideas for Gyumri Technopark and Venture Fund survey

KPMG Armenia cjsc is conducting a survey of technology-oriented innovative ideas/projects for Gyumri Technocity and investment projects for the Venture capital/start-up support fund.

The survey is performed within the scope of the World Bank Grant to the RA Government for the preparation of the Technology Competitiveness Enhancement Project (also known as E-Society and Innovation for Competitiveness Project)...

01.07.2010

Entrepreneurs got acquainted with the EU export opportunities

European consumers are interested in Armenian products and Armenian businesses are interested in selling on the EU market. To facilitate this exchange, the European Union Delegation to Armenia, SME Development National Centre of Armenia and European Union Advisory Group, Armenian-European Policy and Legal Advice Centre organized two workshops to inform Armenian producers on how to export to the EU.