BRING MALAYSIA’S SMEs TO THE NEXT LEVEL
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.
Performance & Impact
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
17.3%
CONTRIBUTION OF SMEs ON EXPORTS
3.4% Annual Growth of SMEs on Exports38.3%
CONTRIBUTION OF SMEs ON GDP
6.2% Annual Growth of SMEs on GDP66.2%
SME EMPLOYMENT
3.2% Annual Growth of SMEs on EmploymentSME by Size and Sector
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
89.2%
SERVICES
5.3%
MANUFACTURING
4.3%
CONSTRUCTION
1.1%
AGRICULTURE
0.1%
MINING & QUARRYING
SME Business Digitalisation Grant
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100 Go Digital
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LEARN MORESMART Automation Grant (SAG)
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LEARN MORESME DIGITAL ACCELERATOR
Structured transformation program to enable businesses to adopt digital with outcome-based results.
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Find out how you can adopt Sharing Economy solutions and services for your business today.
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