SMEs' contribution to GDP rose to 38.9%

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said SMEs value added for the services sector registered a growth of 7.4 per cent against 8.1 per cent in 2018.

KUALA LUMPUR: Malaysia’s Small and Medium Enterprises’ (SMEs) contribution to the gross domestic product (GDP) increased to 38.9 per cent in 2019 from 38.3 per cent in 2018, according to the Department of Statistics Malaysia (DOSM).

It said the SMEs’ GDP for the year 2019 grew 5.8 per cent as compared with 6.2 per cent in the preceding year.