2018 Survey of Entrepreneurs and MSMEs in the Philippines: Building the Capacity of MSMEs Through Market Access

Published on October 29, 2018

A national survey of entrepreneurs and micro, small and medium enterprises (MSMEs) in the Philippines to provide an analysis of business development in the region, and to better understand the opportunities and challenges faced by Filipino MSMEs and aspiring entrepreneurs around market access. 

Highlights
1
MSMEs surveyed in the Philippines are increasingly being founded by young entrepreneurs, and reflect the trend of the Philippines being a regional and global leader for gender parity in entrepreneurship
2
Despite nationwide policy initiatives for development and training, survey respondents are largely unaware of export policies and trade agreements available to them. As a result, 63% of those MSMEs surveyed expressed limited plans to export
3
Scaling initiatives led by the government, banks, innovation hubs, business associations and universities that support opportunities for entrepreneurs to gain international experiences and improve market knowledge (such as exchanges and representation in trade delegations) is essential

Based on the survey results of 437 entrepreneurs involved in micro, small and medium enterprises (MSMEs) in the Philippines, the the Asia Pacific Foundation of Canada’s 2018 Survey of Entrepreneurs and MSMEs in the Philippines: Building the Capacity of MSMEs Through Market Access report provides an analysis of business development in the country with a specific focus on market access. This survey report comprises three sections: company and entrepreneur profiles in the Philippines, growth plans and barriers to growth for MSMEs, and obstacles to market access. Each section identifies age-, gender-, and industry-specific data and trends.


Conducted by The Evidence Network, this is the third of four annual APEC economy-specific MSME survey projects commissioned by the Asia Pacific Foundation of Canada, in partnership with Global Affairs Canada, as part of the APEC-Canada Building Partnerships project.
 

“Improved market knowledge requires attention to two equally important undertakings: first, a focus on the knowledge gap present among MSME entrepreneurs in the Philippines and international markets; second, a re-evaluation and of existing policies and support networks.”