At the end of 2022, the number of micro and small enterprises (mypes) in the Peruvian market reached 6.11 million, an increase of 11.9% compared to 5.46 million in 2021 and 0.8% above of the 6.06 million in 2019, before the COVID-19 pandemic, according to data from the National Household Survey (Enaho) presented by the Foreign Trade Society of Peru (ComexPeru)within the framework of the XVI APEC SME Summit.
According to the data, last year, mypes represented 96.4% of existing companies in the country. Of the total number of companies nationwide, 96.2% were micro-enterprises and only 0.2% were small companies. 91.7% were located in urban areas; and 30.7% operated in Metropolitan Lima.
The report specifies that 49% of Peruvian mypes are dedicated to the sector Services; 34%, to the sector Trade; 14%, to the sector Production; and 3%, to Production and Commerce.
“For their part, total sales of mypes grew by 46.4% between 2021 and 2022. In addition, when compared to 2019, they were 6.6% higher. In total, last year, the sales of these companies represented 17% of the national production”, said ComexPerú.
Mypes: employment in the informal sector
According to the union, in 2022, mypes employed 8.5 million workers, a growth of 10.3% compared to the 7.7 million workers in 2021. However, compared to 2019, the employment generated by micro and small companies was 2.3% lower.
Likewise, despite the year-on-year growth of some indicators, 86.7% of mypes were informal last year. The figure meant an increase in informality of 0.4 percentage points compared to 2021 and 2.9 points compared to 2019.
The union specified that those departments that reduced their informality rate between 2021 and 2022 were Áncash, Apurímac, Ayacucho, Cajamarca, Cusco, Huancavelica, Madre de Dios, Moquegua, Pasco, Tacna and Ucayali.
With respect to Formal Capacity Index of the mypes -indicator that measures the capacity of micro and small companies to be formal through the characteristics of their business-, a national average of 0.248 was reached in 2022, on a scale where 0 represents less formal capacity and 1 a greater formal capacity.
Source: Larepublica
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