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MSMEs contribute over 61% of Indonesia’s GDP

Micro, small, and medium enterprises (MSMEs) are supporting economic resilience of Indonesia, with their contribution to the country's gross domestic product (GDP) reaching 61.075 or 8,574 quadrillion IDR (562.3 billion USD) in 2021, said Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto on October 3.
MSMEs contribute over 61% of Indonesia’s GDP ảnh 1Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto (Photo: Antara)

Jakarta (VNA) - Micro, small, and medium enterprises(MSMEs) are supporting economic resilience of Indonesia, with their contribution to the country's gross domestic product (GDP) reaching 61.075 or 8,574quadrillion IDR (562.3 billion USD) in 2021, said Indonesian CoordinatingMinister for Economic Affairs, Airlangga Hartarto on October 3.

Speakingto the press, Airlangga said there were 64.19 million MSMEs in the country as of the end of 2021, operating in many business sectors. The Government has taken several measuresto encourage their development, including through the implementation of Law No.11of 2020 concerning Job Creation.

The Government is also providing financing witha ceiling of 373.17 trillion IDR in 2022. Next year, the ceiling will beincreased to 470 trillion IDR./. 

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