MSMEs' contribution to GDP grew 5% in 2023, with value added of RM614.1bil - DoSM

KUALA LUMPUR: The contribution to the gross domestic product (GDP) by micro, small and medium enterprises (MSMEs) grew by 5.0 per cent in 2023, with a value added of RM613.1 billion and contributing 39.1 per cent to Malaysia’s economy, according to the Department of Statistics Malaysia (DoSM).

The MSMEs’ growth has surpassed Malaysia's GDP growth of 3.6 per cent in 2023.