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