Mid-Market Enterprises (MMEs) – Directly employ 169 million people across 15 countries and territories spanning Asia, Europe, the Middle East and the Americas

HSBC today released a global report highlighting the unsung role that mid-market enterprises (MMEs) play in the life of nations. The report, titled Hidden Impact: The vital role of mid-market enterprises and commissioned by HSBC from Oxford Economics, showcases the enormous contribution to Gross Domestic Product (GDP), employment, and the supply chain that MMEs contribute to developing and developed economies.

Globally, HSBC analysed publicly available data from MMEs across 15 countries and territories spanning Asia, Europe, the Middle East and the Americas, and calculated 161,800 MMEs, with a combined turnover of US$16.6 trillion that contribute US$11.5 trillion to GDP and directly employ 169 million people. There is significant variation between countries, though, with MMEs globally contributing from 20% to nearly 40% of GDP.

Chosen excerpts by Job Market Monitor. Read the whole story at  The Big Time Impact of Mid-sized Companies in the US and Beyond — HSBC Global Connections.