The data about small and medium sized enterprises got by Republic
bureau for statistics of Serbian republic were used during this paper. The
sector of small and medium sized enterprises is not adequately comprised by
official statistic evidence. There is no qualitative, precise and current data
on business activities and results of this sector of production, so the author
used final reports of enterprises got by Republic bureau for statistics. The
total number of Serbian municipalities was 161 without Kosovo and
Metohija. For the three years period, from 2003 to 2005, the following
showers are observed: total income, assets, turnovers, loss, income, number
of employees and number of enterprises. By this analysis all small and
medium sized enterprises are grouped according to municipalities and
especially small and medium sized enterprises which are dealing with
agricultural production