SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

WUF13 Hosts Awareness Event for Entrepreneurs Rwandan Delegation Familiarized with the SMB House Model A survey is being conducted among startups “Türkiye–Azerbaijan Trade Delegation and B2B Meetings” event was held Reception of entrepreneurs to be held in Imishli Meeting Held with Entrepreneurs in Yardimli region Meetings with entrepreneurs were held in the regions Which Services Did Entrepreneurs Use Most in 2025 Entrepreneurs’ Appeals Were Heard Azerbaijani Products Attracted Great Interest at the International Halal Exhibition Held in Mecca

Growth Momentum in Azerbaijan’s SME Sector continues 23.12.25

A positive growth trend continues to be observed in Azerbaijan’s micro, small and medium-sized enterprise (SME) sector. This growth is reflected in the increasing number of SMEs, their share in employment and value added, as well as in the overall number of employees engaged in the sector.

According to data from the State Statistics committee, the number of SMEs in 2024 reached 424437, representing a 5.8% increase compared to the previous year. Compared to 2023, the volume of value added generated by SMEs rose by 3.4%, amounting to AZN 21.1 billion. While the number of employees working in SME entities stood at 390,800 in 2023, this figure increased to 417,800 in the previous year, marking a 6.9% growth. Against this backdrop, the share of SMEs in total employment increased to 45.3%.

Overall, in recent years a steady increase has been observed in the role of SMEs within the national economy and employment structure. This trend demonstrates the growing contribution of SMEs to sustainable economic development and highlights the effectiveness of state support measures aimed at fostering SME activity.