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Internal Market, Industry, Entrepreneurship and SMEs

SME Performance Review

The SME Performance Review is a key tool the European Commission uses to monitor and assess countries' progress in implementing SME policies, including the SME Strategy, the Small Business Act (SBA), and the SME Relief Package. Emphasising these priorities, the review provides comprehensive information on SME performance in two parts: an annual report on European SMEs and SME country fact sheets.

Annual report on European SMEs

Brussels, 4 July 2024 - The 2023/2024 annual report on European SMEs is now available.

The annual report, prepared on a yearly basis, provides a synopsis of the size, structure and importance of SMEs to the European economy and an overview of the past and forecasted performance of SMEs from 2008 to 2024.

Cover of the SME Performance Review Annual Report 2023/2024
Annual report4 July 2024
SME Performance Review Annual Report 2023/2024

European SMEs have faced significant challenges in recent years. After dealing with an unprecedented pandemic and global supply chain disruptions, Russia's war of aggression against Ukraine and surging energy costs hit SMEs. This led to historically high inflation and threatened their economic recovery.

Additionally, the new European Industrial Strategy, which focuses on transitioning to a green and digital economy and the Open Strategic Autonomy (OSA) paradigm, offers opportunities but also challenges to SMEs.

Previous annual reports

SME fact sheets

The SME fact sheets present an assessment of the progress in the implementation of the SME Strategy and the Small Business Act at national level. They focus on key performance indicators and national policy developments related to SME policy.

EU countries in 2024

Additional documents

Please note: The fact sheets do not constitute a comprehensive assessment of country policies, but rather contribute to the assessments, and should be regarded as a supplement to, and not a substitute for, any other relevant in-depth studies of SME policies.

Policy studies


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