SMB

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

27 June – International Day of Micro-, Small and Medium-sized Enterprises: SMEs Changing the World A reception of entrepreneurs will be held in Balakan Businessmen of the Nigde (Niğde) Region of Türkiye Visited the Baku SME House Investment Portal: A Support Tool Bringing Together Entrepreneurs and Investors on One Platform Azerbaijan Pavilion Featured at IsDB’s 14th Private Sector Forum Exhibition Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced Support for Expanding Sales Opportunities of SMEs The “7th Local Companies Promotion Exhibition” is being held HELF and AZHAB Forums Held in Baku During the 51st Annual Meetings of the Islamic Development Bank Group Startup Competition Launched Within the Framework of the IsDB Annual Meetings

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.