Malta’s SMEs generate 52.6% of value added in 2023, tech sector leads growth
Small and medium-sized enterprises played a key role in Malta’s non-financial business economy in 2023, with the technological and business support sector emerging as the main driver of grow
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In 2023, micro, small and medium sized enterprises (SMEs) contributed to 52.6% of the Value added generated by the non-financial business economy in Malta. The data was released by the National Statistics Office (NSO).
The Technological solutions, professional and business support activities domain registered the largest Value added for 2023 (€5.0 billion) and the largest increase when compared to 2022 at 25.9 per cent.
SMEs were mostly dominant in the Construction domain, accounting for 84.0% of the domain’s Value added.
Small Mid-Cap enterprises (SMCs) recorded an 18.4% increase in Value added which was significantly higher than the growth observed among SMEs but lower than that of Large enterprises with most of the increase concentrated in the high-performing Technological solutions, professional and business support activities domain.
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