Building Kuwait’s Future, One Small Enterprise at a Time

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 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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Bibliographic Details
Main Authors: Abukumail, Ali H., Karam, Nadia, Al-Otaibi, Ghanimah
Format: Brief biblioteca
Language:English
en_US
Published: World Bank, Washington, DC 2016-03
Subjects: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,
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
https://hdl.handle.net/10986/23945
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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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