26.12.2020 Ankara
The “Turkey's SMEs Bulletin” was published by the Union of Chambers and Commodity Exchanges of Turkey (TOBB) in order to draw attention to the share of small and medium-sized enterprises (SMEs) in the country's economy and to facilitate access of data related to SMEs by compiling them under a single bulletin.
The bulletin included data on the number of
startups in SMEs, employment, personnel cost, turnover, purchases, production
value, added value with factor cost, foreign trade statistics, cash loan amount
and the use of information technologies.
TOBB President M. Rifat Hisarcıklıoğlu stated
that SMEs form the backbone of the Turkish economy, the engine of growth, the
driving force of employment, and the cornerstone of economic and social
development. Hisarcıklıoğlu stated that as we approach the end of 2020, the
final version of the data for 2019 has been compiled and based on this data,
they have published the “Turkey's SMEs Bulletin.”
Hisarcıklıoğlu said that since SMEs have such
an important share in the Turkish economy, economic policies should be
implemented by prioritizing SMEs.
- 99.8% of all enterprises in Turkey are SMEs
According to the Turkey's SMEs Bulletin, SMEs
accounted for 99.8% of total initiatives, while the number of SME-scale
initiatives increased by 2.2% in 2019 compared to the previous year. In 2019,
65.5% of the annual turnover of 8.9 trillion TL of enterprises in Turkey was
realized by SMEs. The turnover of SMEs increased by 14.5% compared to 2018.
In 2019, SMEs accounted for 73.8% of total
employment. In 2019, 56.3% of exports were carried out by SMEs, while the total
export value in SMEs was $101.8 billion.