In 2020, micro, small, and medium enterprise (MSME) businesses accounted for 99.5 percent of the total enterprises in the Philippines. This figure had been consistent over the past three years. In the same year, wholesale and retail trade, repair of motor vehicles, and motorcycles businesses was the leading business industry in this sector, accounting for nearly half of the total industries.
Percent share of MSMEs to total enterprises in the Philippines from 2016 to 2020
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Share of MSMEs to total enterprises
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Businessworld. (March 24, 2022). Percent share of MSMEs to total enterprises in the Philippines from 2016 to 2020 [Graph]. In Statista. Retrieved July 05, 2024, from https://www.statista.com/statistics/1298547/philippines-share-of-msme-to-total-enterprises/
Businessworld. "Percent share of MSMEs to total enterprises in the Philippines from 2016 to 2020 ." Chart. March 24, 2022. Statista. Accessed July 05, 2024. https://www.statista.com/statistics/1298547/philippines-share-of-msme-to-total-enterprises/
Businessworld. (2022). Percent share of MSMEs to total enterprises in the Philippines from 2016 to 2020 . Statista. Statista Inc.. Accessed: July 05, 2024. https://www.statista.com/statistics/1298547/philippines-share-of-msme-to-total-enterprises/
Businessworld. "Percent Share of Msmes to Total Enterprises in The Philippines from 2016 to 2020 ." Statista, Statista Inc., 24 Mar 2022, https://www.statista.com/statistics/1298547/philippines-share-of-msme-to-total-enterprises/
Businessworld, Percent share of MSMEs to total enterprises in the Philippines from 2016 to 2020 Statista, https://www.statista.com/statistics/1298547/philippines-share-of-msme-to-total-enterprises/ (last visited July 05, 2024)
Percent share of MSMEs to total enterprises in the Philippines from 2016 to 2020 [Graph], Businessworld, March 24, 2022. [Online]. Available: https://www.statista.com/statistics/1298547/philippines-share-of-msme-to-total-enterprises/