03.12.2024
The report of the Ministry of Economic Development of the Russian Federation on the state of small and medium-sized businesses notes growth in a number of indicators. In 2023, the number of SMEs exceeded the pre-crisis figures of 2019 by 7.3%. The number of newly established SMEs in 2023 increased by 17.5% compared to 2022, reaching 1.2 million.
A qualitative growth of the sector is also noticeable. The total revenue of SMEs is growing at a pace higher than inflation, and in 2023 amounted to 140.5 trillion rubles. The overall increase in small and medium-sized business income since 2019 was 74.9%, and income per SME grew by 63%.
"As part of the implementation of the national project from 2019 to 2024, the task was set to increase employment in the small and medium-sized business sector. The report clearly shows that these indicators will be achieved by the end of the year, despite all challenges and shocks... The key task up to 2030 is structural changes in the sector," said Minister of Economy of the Russian Federation M. Reshetnikov.
The gross value added created by SMEs in 2022 amounted to 29.6 trillion rubles — almost 45% more than in 2019.
"The SME sector is the driving force of the economy. Thanks to the national project ‘Small and Medium-Sized Entrepreneurship,’ the Government of Russia has created clear, stable conditions for doing business, launched a comprehensive package of support measures for all categories of business — from self-employed individuals and starting entrepreneurs to successfully growing exporters," noted Deputy Prime Minister of the Russian Federation A. Novak.
