Union of Chambers and Commodity Exchanges of Turkey

SMEs in Turkey

Currently, Turkey has an estimated 3.5 million active SMEs, representing 99.8% of all registered entities in the country. The SMEs contribute 62% of the country’s GDP, 55% of the country’s exports, and 73.5% of its workforce.


SME Classification


According to the “Regulation on the Definition, Qualification and Classification of Small and Medium-Sized Enterprises”, SMEs are classified as follow:

 


Criteria

Micro-Sized Enterprise

Small-Sized Enterprise

Medium-Sized Enterprise

Number of Employees

<10

<50

<250

Annual Net Sales Income

< TRY 3 Million

< TRY 25 Million

< TRY 125 Million

Annual Financial Balance Sheet

< TRY 3 Million

< TRY 25 Million

< TRY 125 Million