SME Facts

Singapore has a thriving small and medium enterprise (SME) sector, but how much do you know about it?


SME – Small & Medium Enterprise

It is called a SME if it has an annual sales turnover of less than or equals to 100 millions or it has less than or equals to 200 employees size

About 170,000 in total

7 out of 10 persons work for SMEs


 

SMEs are important to Singapore’s economy

99% of enterprises in Singapore are SMEs

SMEs employ 70% of the workforce

SMEs contributed 50% of the Singapore’s GDP

Some of our SMEs have grown to become global players

Key Industries

  • Food & Beverage
  • Engineering, Manufacturing, Logistics & IT
  • Retail
  • Healthcare & Education

 

 

 

 

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