This document summarizes key performance indicators (KPIs) for micro, small and medium enterprises (MSMEs) in the Philippines from 2017-2022. It provides data on employment, number of registered MSMEs, and proportion of small-scale industries' value added. Some highlights are that MSMEs generated 62.4% of total employment in 2019, with 99.5% of businesses being MSMEs. The target is for MSMEs to contribute 50-55% of total value added by 2022, up from their 35.7% contribution based on 2019 data.
This document summarizes key performance indicators (KPIs) for micro, small and medium enterprises (MSMEs) in the Philippines from 2017-2022. It provides data on employment, number of registered MSMEs, and proportion of small-scale industries' value added. Some highlights are that MSMEs generated 62.4% of total employment in 2019, with 99.5% of businesses being MSMEs. The target is for MSMEs to contribute 50-55% of total value added by 2022, up from their 35.7% contribution based on 2019 data.
This document summarizes key performance indicators (KPIs) for micro, small and medium enterprises (MSMEs) in the Philippines from 2017-2022. It provides data on employment, number of registered MSMEs, and proportion of small-scale industries' value added. Some highlights are that MSMEs generated 62.4% of total employment in 2019, with 99.5% of businesses being MSMEs. The target is for MSMEs to contribute 50-55% of total value added by 2022, up from their 35.7% contribution based on 2019 data.
This document summarizes key performance indicators (KPIs) for micro, small and medium enterprises (MSMEs) in the Philippines from 2017-2022. It provides data on employment, number of registered MSMEs, and proportion of small-scale industries' value added. Some highlights are that MSMEs generated 62.4% of total employment in 2019, with 99.5% of businesses being MSMEs. The target is for MSMEs to contribute 50-55% of total value added by 2022, up from their 35.7% contribution based on 2019 data.
Glezel Tampor Sarah Jane P. Villarojo BSE – 2C Overall Proposed Indicators Source MSMED Plan 2017 - 2022 Baseline Target KPIs
1. Increased in employment of MSME Total employment (PSA List of 4.784 M 8.284 M
Establishments) 2019 data = 8, 826335 M 62.4% employment came from MSME sectors 1. Percentage increase in number of Number of Establishment, 896, 839 20% registered MSME’s (PSA List of Establishments) 2019 data = 99.5% of businesses are MSMEs Number of registered TBD TBD Enterprises with LGU’s (LGU’s/ PBR) Number of registered MSME TBD TBD corporation (SEC) 1. Proportion of small – scale Value added 35.7% 50 – 55% industries (enterprise ) in total value added increased Other proxy: NCC – CB (DTI) 2019 MSME STATISTICS Employment Together, these MSMEs generated a total of 5,510,760 jobs or 62.4% of the country’s total employment. The micro enterprises produced the biggest share (29.8%) closely followed by small enterprises (25.2%) while medium enterprises were far behind at 7.4%. Meanwhile, large enterprises generated a total of 3,315,575 jobs or 37.6% of the country’s overall employment.
In terms of regional distribution, majority of the jobs are generated by MSMEs in the National Capital Region (NCR) with 1,538,106 jobs; followed by MSMEs in Region 4-A (CALABARZON) with 797,399; Region 3 (Central Luzon) with 586,508; Region 7 (Central Visayas), 431,056; and Region 6 (Western Visayas), 307,831. By industry sector, MSMEs in the Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles sector generated the most number of jobs with 1,984,227 followed by Accommodation and Food Service Activities (805,081), Manufacturing (747,114), Financial and Insurance Activities (307,316), and Education (303,314)
Number of Establishments
The 2019 List of Establishments
of the Philippine Statistics Authority (PSA) recorded a total of 1,000,506 business enterprises operating in the country. Of these, 995,745 (99.5%) are MSMEs and 4,761 (0.5%) are large enterprises. Micro enterprises constitute 89% (891,044) of total MSME establishments, followed by small enterprises at 10% (99,936) and medium enterprises at 0.5% (4,765). Sales and Census Value-Added In terms of value added, the MSME sector contributed 35.7% of the total with manufacturing contributing the largest share of 6.87%. Wholesale and retail trade and repair contributed 6.58% followed by financial intermediation with a share of 6%. Within the sector, small enterprises accounted for the largest share of 20.5%. Medium enterprises followed with a share of 10.3% while micro enterprises registered a share of 4.9%. Among small enterprises, wholesale and retail trade and repair contributed the most with a share of 4.07% followed by manufacturing with a share of 3.82% while financial intermediation was next with a share of 3.35%. For medium enterprises, manufacturing accounted for the biggest share of 2.77% followed by electricity, gas and water with a share of 1.92% and financial intermediation with 1.87%. For micro enterprises, wholesale and retail trade and repair represented the largest contribution of 1.73%.