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Small Medium Enterprise (SMEs) are the key driver of employment and economic growth of Malaysia and almost 99% of total business establishments in Malaysia are SMEs.
Its is important to enable Malaysian SMEs to move towards digitalization to continue accelerating the Digital Economy.
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Malaysia’s SME industry has grown substantially over the years. Here are the end-of-the-year figures for 2018.
Source : Department of Statistics, Malaysia
The Statistics Department said today Malaysia’s small and medium enterprises (SMEs) contribution to the country’s gross domestic product (GDP) rose to 38.3% in 2018 from 37.8% in 2017, led by expansion in the services and manufacturing sectors and as SMEs exports grew.
Source : Economic Census 2016 : Profile of Small and Medium Enterprises, Department of Statistics Malaysia
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