The contribution of SMEs in the formal employment is strengthening

According to the 2021 data, about 457.3 thousand people are employed in SMEs, or 68.1% of total registered employees. In 2021, the share of SME employees increased by 1% compared to the previous two years. In 2021, 16.9% of SME employees were employed in the trade sector.

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Over the last year, 64.6% of the formal jobs growth was generated by SMEs

In June 2022, the number of formal jobs increased by 33,482, or 5.1%, compared to the last year. During the observed period, the jobs generated by SMEs increased by 8.7%, and the contribution of SMEs to the growth of formal jobs was 21,638 or 3.3%, If in June 2021, the share of SMEs in formal […]

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