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OVERVIEW OF SME SECTOR IN ARMENIA Number of Employees Average number of employees working in SME sector per regions Employees on average 1 5 0 0 5000 10000 15000 20000 25000 Number of SMEs Source: Armstat Yerevan, 3.674 30000 35000 Average number of employees per SME size MICRO-1.1 SMALL-19 ✰MEDIUM-97 Average number of employees is 3.7 in YEREVAN-BASED SMEs and 1-2 REGIONAL SMEs. Though most of SMEs operate in TRADE SECTOR, AVERAGE NUMBER OF EMPLOYEES IN THESE SMES IS THE LOWEST (due to the number of micro organizations). 8

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