Brief
Building Kuwait’s Future, One Small Enterprise at a Time
LOCAL COMMUNITY ENABLING ENVIRONMENT SHOP EMPLOYMENT GOVERNMENT ENTITIES DEVELOPMENT CLIENT ECONOMIC ACTIVITY FINANCIAL SERVICES FIRMS LICENSES CORPORATION BUSINESSES BUSINESS IDEAS BUSINESS GOVERNMENT REGULATIONS BUSINESS DEVELOPMENT COMPETITIVENESS SME EMPLOYMENT LICENSE MEDIUM ENTERPRISES VALUE CHAINS INFORMATION ENTREPRENEURS MONITORING SME DEVELOPMENT SMALL FIRMS ENTERPRISE SME BUSINESS DEVELOPMENT ACTION PLAN PIXELS ENTREPRENEURSHIP PRIVATE SECTOR LICENSING ENTERPRISES BUSINESS SUPPORT SMES DIVERSIFICATION SMALL ENTERPRISE SME CLIENTS
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World Bank, Washington, DC
Middle East and North Africa | Kuwait
2016-03-15T15:45:23Z | 2016-03-15T15:45:23Z | 2016-03
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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