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Small and medium-sized enterprises in 2016–2017

Vera Barinova, Stepan Zemtsov () and Yulia Tsareva

Published Papers from Gaidar Institute for Economic Policy

Abstract: Over the period 2016–2017, a number of specialized normative legal acts were introduced with the aim of developing the small and medium-sized business sector (SMB), including the SMB Development Strategy until 2030;[1] the SMB Corporation was set up;[2] and the creation of a basic support infrastructure was completed in many regions. The Single Register of SMB Subjects was introduced in order to follow the monthly movement of their basic indices. In 2017, 77.9 percent of all organizations and individual entrepreneurs (IEs) belonged to the category of SMB subjects, while at year-end 2016, the share of SMB subjects in the national average employment rate (calculated on the basis of their average staffing number index) amounted to 37.9 percent, and in the total turnover of enterprises and organizations – to 37.1 percent. The input of SMBs, IEs including, in GDP over the period from 2011 through 2016 jumped by 0.5 percentage points, and now amounts to approximately 20 percent.

Keywords: Russian economy; small businesses; medium-sized enterprises (search for similar items in EconPapers)
JEL-codes: C53 E37 L21 L52 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2018, Revised 2018
New Economics Papers: this item is included in nep-mac
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