Share of MSMEs in Azerbaijan’s GDP nears 27%

Share of MSMEs in Azerbaijan’s GDP nears 27% In the last 4 years, the share of micro, small and medium enterprises (MSME) in the gross domestic product (GDP) of Azerbaijan has increased by 3 percentage points from 23.5% to 26.5%.
Finance
May 23, 2024 14:07
Share of MSMEs in Azerbaijan’s GDP nears 27%

In the last four years, the share of micro, small and medium enterprises (MSMEs) in the gross domestic product (GDP) of Azerbaijan has increased by three percentage points from 23.5% to 26.5%, Tahir Mirkishili, the Chairman of the Milli Majlis Committee on Economic Policy, Industries and Enterprising, Report informs.

"Our goal is 60%. I don't know when we will be able to reach it, but the growth rate in this area continues," he said.

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