Total output of Egypt's MSMEs hits LE 1.2T: CAPMAS

CAIRO - 23 April 2020: The number of micro, small and medium enterprises (MSMEs) in Egypt has been registered at 3.653 million, with 9.7 million staffers receiving salaries estimated at LE 119.2 billion, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed.

The official statistics agency added that the MSMEs produced a total output recording LE 1.237 trillion and achieved a total added value of LE 804 billion.

These figures have been announced as per the economic census for the 2017/2018 fiscal year, the agency said.

The number of micro-sized enterprises was put at 3.4 million, accounting for 94 percent of the total MSMEs in Egypt, it said, adding that 7.7 million staffers work there, constituting 79 percent of the total workers in the field.

The production of micro projects is estimated at LE 534.9 billion, representing 43.2 percent and achieving an added value of LE 411.5 billion representing 51.2 percent, it said.

The CAPMAS added that the number of small enterprises hit 216.9 constituting 5.6 percent, with a total output recording EGP 527.5 billion accounting for 42.6 percent of the total MSMEs production.

They achieved an added value of EGP 296.3 billion, representing 36.8 percent, it noted.

The statistics agency added that the number of medium-scale projects registered 2,181, representing 0.1 percent of the total MSMEs, with total production hitting EGP 175.1 billion constituting 14.1 percent and an added value of EGP 96.3 billion representing 12 percent.