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State of Entrepreneurship in the Philippines

State of Entrepreneurship in the Philippines

The Philippine Statistics Authority’s (PSA) 2019 Report of Establishments registered 1,000,506 commercial enterprises operating in the nation. There are 995,745 Micro, Small, and Medium Enterprises or MSMEs and 4,761 major enterprises among them. There are 99.5% of Micro, Small, and Medium Enterprises in the Philippines, and half of them belong to the wholesale and retail trade industry.

Negative Effect of Overpopulation on the Economy, Environment, etc.


This statistical data proves that there are many entrepreneurs in the country, mainly in the National Capital Region. This data is a good indicator that the employment rate will gradually increase, helping to develop the Philippines’ emerging economy.

In this pandemic, Filipino entrepreneurs help their countrymen have work and be financially capable of sustaining their needs. Entrepreneurs make significant contributions to the nation’s development by ensuring that they work not just for this generation but also future generations. This strengthens the economy and causes a slew of social changes.

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