The 95% of the companies in the country are MSMEs
Yesterday, for the first time, the world celebrated the SMEs Day (small and medium-sized enterprises), established by the United Nations (UN) as part of Agenda 2030 for the creation of jobs and economic development. The date did not go unnoticed in the country. A series of conferences were held by the Ministry of Industry and Productivity (MIPRO) along with other state agencies, that addressed problems of the Ecuadorian SMEs and the strategies to improve the outlook.
Figures provided by Minister of Industries Eva García give an account of the leading role of micro, small and medium enterprises (mipymes) within the Ecuadorian economy. 95% of the business network is made up of mipymes; Of them, 90% are micro, 8.6% are small, and 1.4% are medium. 54% of them work in the commercial sector, 36.4% in manufacturing and 9.5% in services. (I)