SME GDP up 1% in 2021 but slower than country’s 3.1%

Chief statistician Datuk Seri Mohd Uzir Mahidin

MALAYSIA’S small and medium enterprises’ (SMEs) gross domestic product (GDP) in 2021 increased 1%, slower than Malaysia’s GDP which grew 3.1%, says the Statistics Department.

Chief statistician Datuk Seri Mohd Uzir Mahidin said generally, the growth of SMEs’ GDP will exceed Malaysia’s GDP but since 2020, the SME GDP has recorded slower growth than the country’s GDP.