According to the 2020 White Paper on Small and Medium Enterprises in Taiwan, in 2019, there were 1,491,420 SMEs in Taiwan, accounting for 97.65% of all enterprises, an increase of 1.72% compared to 2018. These SMEs employed 9,054,000 persons, or 78.73% of the working population, an increase of 0.99% compared to 2018. Both were historic highs. All of the data above show that SMEs are the cornerstone of stability and job creation in Taiwan's economy.
The total revenue of SMEs was NT$12,713.0 billion, representing a 0.70% increase compared to 2018. In particular, domestic sales accounted for NT$11,299.2 billion, 1.14% higher than in 2018. Notably, revenue growth has been positive in the last few years. Moreover, the annual sales of newly established SMEs was NT$207.6 billion, 15.80% higher than in 2018. The total sales of SMEs have grown stably in 2019, and sales performance of newly established SMEs was great.
In the 2020 White Paper, an extensive array of statistical figures is provided to describe the development of SMEs from a wide variety of perspectives in 2019, which includes a comparison with their performance in previous years, as well as with the performance of large enterprises.
Moreover, important government policies and measures related to SMEs over the period of 2019 and 2020 are provided. Please refer to the 2020 White Paper on Small and Medium Enterprises in Taiwan to get more information.