Building Kuwait’s Future, One Small Enterprise at a Time
The number of Small-to-Medium enterprises (SMEs) in Kuwait is high, particularly in retail and non-financial services, but their overall contribution to the economy is marginal—just 3% of GDP. This paradox is especially troubling when compared to high income and emerging economies, where SMEs...
| Main Authors: | , , |
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/03/26018837/building-kuwait’s-future-one-small-enterprise-time-earnings-growth-employment-creation-assessment-world-bank-support-three-middle-income-countries http://hdl.handle.net/10986/23945 |
| Summary: | The number of Small-to-Medium
enterprises (SMEs) in Kuwait is high,
particularly in retail and non-financial services,
but their overall contribution to the economy is
marginal—just 3% of GDP. This paradox is
especially troubling when compared to high
income and emerging economies, where SMEs
comprise most of the economic activity in the
private sector and contribute to 50% and 40% of
GDP (respectively). According to a recent
survey of nearly 50,000 firms in 104 countries,
SMEs provide as much as two-thirds of all
employment, with small firms contributing
more to employment in low-income countries
than high-income countries. |
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