This Province Shows the Highest Growth in Micro, Small, and Medium Enterprises (MSMEs) in Q4 2021
- A Small Font
- A Medium Font
- A Bigger Font
According to a report by the Central Bureau of Statistics (BPS), in the fourth quarter of 2021, national micro, small, and medium enterprise (MSME) production grew positively by 0.29% (year-on-year/yoy).
The MSMEs referred to in this report are business units with fewer than 20 employees.
The classification of business units in this report is solely based on the number of employees, without considering the amount of capital, the use of production machinery, or business income.
National MSME growth in the fourth quarter of 2021 was driven primarily by industry groups with the largest share of value added, namely the food sector MSMEs, which grew by 1.76% (yoy), and the apparel sector MSMEs, which grew by 2.4% (yoy).
By region, South Sulawesi was the province with the highest MSME production growth in the fourth quarter of 2021, reaching 40.12% (yoy).
Papua was second with growth of 33.52% (yoy), followed by Gorontalo and Bangka Belitung, which grew by 24.24% (yoy) and 15.08% (yoy), respectively.
BPS also noted that throughout 2021, MSMEs in Banten and Maluku had not yet recovered from the impact of the Covid-19 pandemic, indicated by their negative production growth.
MSME production in Banten contracted between 11% and 17% (yoy) throughout the four quarters of 2021. Similarly, Maluku contracted in the range of 6% to 13% (yoy) during the same period.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
Related Data
Latest Data Stories
Trending Topics
Popular Data