Sri Lanka: SMEs contribute to 30% of GDP, 20% of exports

Small and Medium-Scale Enterprises (SMEs) in Sri Lanka account for 80% - 90% of the total number of enterprises, and the development of the sector is the key for resilient national economies, says the Asian Development Bank. Sourcing the facts to the Annual Report of the Ministry of Finance and Planning 2012, the inaugural edition of the Asia SME Finance Monitor notes that the SMEs contributed to 30% of GDP, 20% of exports, 30% of the production value added in the manufacturing sector, and employed 35% of the total workforce.