SMEs' share in Kazakhstan's GDP growing

Business Materials 9 April 2019 15:04 (UTC +04:00)

Baku, Azerbaijan, Apr. 9

By Rashid Shirinov – Trend:

The share of small and medium-sized enterprises (SMEs) in Kazakhstan's GDP is growing, said the National Economy Minister Ruslan Dalenov, Trend reports via Kazakh media.

Speaking at a government meeting, he noted that as a result of general measures, the importance of SMEs in the country's economy has increased. In 2015, the share of SMEs in GDP was 24.9 percent, and in the first 9 months of 2018 the share reached 28.9 percent. Thus, compared to 2015, the participation of SMEs in the country's economy has increased by 4 percent.

"In the first 9 months of last year, the share of SMEs in the gross regional product has changed diversely," the minister further said.

The largest share of SMEs was registered in the cities of Nur-Sultan and Almaty, as well as in the West Kazakhstan region. The smallest share of SMEs was observed in the Kyzylorda, Pavlodar and Karaganda regions of the country.

It should be noted that at the beginning of this year, the number of operating SMEs reached 1.2 million, which is an increase of 8.3 percent compared to 2018.


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