THE focus on SMEs in recent years is bearing fruit as the sector’s contribution to the nation’s gross domestic product (GDP) grew by 38.3% to RM521.7mil in 2018 from RM491.2mil a year before.
SME Corporation Malaysia said the growth in the sector’s contribution to the GDP outperformed the overall GDP growth of 4.7% in 2018, with the services and manufacturing sectors continuing to be the biggest contributors with a combined share of 82.4%.
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