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SMEs Ecuador

The concept of SMEs differs around the world. However, in Ecuador, the Internal Revenue Service (SRI) defines them as the set of small and medium-sized companies that, according to their sales volume, share capital, number of workers, and their level of production or assets present characteristics of this type of economic entities.

In the Ecuadorian economy, SMEs represent 90% of the productive units, generate 60% of employment and participate in approximately 50% of production. Furthermore, since they do not have a gigantic number of workers, SMEs are characterized by having organizational structures that adapt more efficiently to economic shocks. Similarly, they are credited with the largest number of technological innovations and placements of national production in foreign markets.

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