Small and medium-sized enterprises (SMEs) are the backbone of Singapore's economic landscape. In 2022 SMEs contributed 48% (S$284 bil) of Singapore's total enterprise nominal value-added and employed 71% of Singapore's total workforce of 3.63 million.
SmAll anD mediUm-SizeD entErPrises (sMEs) are thE backbone oF SingapOre's eConoMIC landsCape. iN 2022 Smes contrIbuTed 48% (s$284 BIl) Of sIngapoRE's tOtAl EnTerprISe nominal vaLue-aDDeD And EmpLoYeD 71% of singApORe's TOtal WoRKfOrCe of 3.63 MiLlion.