ARMENIA’S SMALL, MEDIUM BUSINESSES OUTPUT 42% OF GDP: USAID
ARKA
Apr 15, 2009
YEREVAN, April 15. /ARKA/. Total output of small-and-medium-sized
businesses was 42% of Armenia’s GDP, Edgar Karapetyan, head of the
analysts’ team, USAID Financial Sector Deepening Project, said Tuesday
at a press conference, citing a USAID report.
"Eighty small-to-medium-sized enterprises are currently operating
in Armenia, which is 98% of all enterprises," he said, citing 25.2%
allocations of the local small and medium enterprises to the state
budget.
"Some 40.7% of the Armenian population work at small and medium
enterprises," the analyst added.
The share of the local small-and-medium-scale businesses in exports
is 17.4%, Karapetyan stated.