Philippine SME Competitiveness: Barriers and Enablers

Small and Medium Enterprises (SMEs) have a significant contribution to the Philippine economy. Including micro businesses, SMEs comprise more than 99 percent of all firms in the country, generated almost 62 percent of jobs, and contributed around 36 percent of the value added in the economy. It is straightforward to conclude that majority of the country and population would stand to benefit from SME development.