The main areas of work of small and medium-sized businesses in Moscow in 2024 have been named

The sphere of individual entrepreneurship (IP) is developing more actively: during the year, the number of these entities increased by 11%, up to 427 thousand at the beginning of March 2024. The number of legal entities reached 481 thousand, increasing by 2.4% compared to March 2023.

In what industries do small and medium-sized businesses operate in Moscow?

• a third of SMEs, or 293 thousand entities, are dedicated to commerce; legal entities most often prefer wholesale trade, and individual entrepreneurs – retail trade;
• more than 12%, or 112.5 thousand subjects, work in the professional, scientific and technical field;
• almost 10% – 86.1 thousand – under construction.

According to the Moscow Department of Economic Policy and Development, among industries, the largest increase was recorded in education: the increase in SMEs over the year was 13.3%. In trade, their number increased by almost 10%, in administrative activities – by 8.4%.

Among legal entities, the areas of greatest growth were transportation and storage (up 10.5%), administrative activities (up 7.8%), and information and communications (up 5%). Among individual entrepreneurs, the greatest growth is observed in commerce (17.5%), education (15.2%) and construction (10.6%).

According to the SME registry, at the beginning of March almost 2.3 million employees worked in this sector. Over the year, their number increased by 2.5%. For legal entities the growth was 2.2% and for individual entrepreneurs, 7.6%.

The total number of small and medium-sized businesses as of December 10, 2023 was 6.31 million compared to 5.97 on the same date in 2022 (an increase of almost 6%).