Union of Chambers and Commodity Exchanges of Turkey

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.