Main indicators of the activities of small enterprises and microfirms in the Republic of Uzbekistan for 2024 (American Journal of Economics and Business Management)

Summary

• Net revenue from the sale of products, goods, works, and services by small businesses reached 847 328.3 billion soums in 2024.p.4
• Net profit of small businesses stood at 19 712.3 billion soums in 2024, while profit before income tax reached 27 937.0 billion soums.p.5
• Investments in fixed capital of small enterprises and microfirms totaled 227 533.2 billion soums in 2024, up 81 690.4 billion soums from 2023.p.7
• Small businesses headed by women generated 47 683.8 billion soums in net revenue in 2024, representing 5.6 % of total net income.p.6

Key insights

1. Women-led small businesses and microfirms reached 43 860 units in 2024, accounting for 12.2 % of total operating small enterprises.p.3
2. Industry held the largest share of fixed capital investments by small enterprises, accounting for 131 549.2 billion soums or 57.8 %.p.8
3. Total accounts payable for small businesses reached 220 798.9 billion soums at the end of 2024, compared to accounts receivable of 169 040.7 billion soums.p.6
4. Wholesale turnover generated by small enterprises grew to 332 623.2 billion soums in 2024, reflecting an increase of 84 037.1 billion soums.p.14
5. Small businesses implemented 3 818 technological innovations in 2024, up by 1 680 innovations compared to 2023.p.15