Micro-, Small and Medium-sized Enterprises Day

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2022 Date27 June 2022
2023 Date27 June 2023

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Micro, Small and Medium-sized Enterprises Day

Micro-, Small and Medium-sized Enterprises Day History

Micro-, Small and Medium-sized Enterprises Day celebrates and recognizes businesses and enterprises that employ 250 persons or less. These businesses are fundamental for economies in developed and developing countries. According to the International Council for Small Business, 50% of the world’s Gross Domestic Product comes from Micro-, Small and Medium-sized Enterprises. The observance happens every year on June 27th.

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Micro-, Small and Medium-sized Enterprises Day Facts

  • According to the International Council for Small Business (ICSB), formal and informal micro-, small and medium-sized enterprises make up more than 90% of all firms in the world. They also account for 70% of the total employment and 50% of the global gross domestic product (GDP).
  • Micro-, small and medium-sized enterprises are responsible for generating most formal jobs. According to the UN, they create 7 out of 10 jobs globally.
  • According to the UN, more than 600 million jobs will be needed by 2030 in order to handle the growing global workforce.

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Micro-, Small and Medium-sized Enterprises Day - References and Related Sites

UN: Micro, Small and Medium-sized Enterprises Day

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