Government Provides Stimulus: How Many MSMEs Are There in Indonesia?

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Dwi Hadya Jayani 08/04/2020 11:45 WIB

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In 2018, the number of MSMEs was recorded at 64.2 million units.

Number of Micro, Small, and Medium Enterprises

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Government Provides Stimulus: How Many MSMEs Are There in Indonesia?

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Number of Micro, Small, and Medium Enterprises

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The spread of the coronavirus (Covid-19) has hit Indonesia's economy, including businesses. The government provided Rp 70.1 trillion in support for industries and Rp 150 trillion for the business sector. The Ministry of Finance recorded that Micro, Small, and Medium Enterprises (MSMEs) were significantly impacted.

This is because MSMEs contribute 60.3% to Indonesia's total Gross Domestic Product (GDP). Furthermore, MSMEs absorb 97% of the total workforce and 99% of total employment. In 2018, there were 64.2 million MSMEs.

Editor : Safrezi Fitra

"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."