Global Micro-,Small and Medium-sized Enterprises Report 2025.
On behalf of the International Council for Small Business (ICSB), I am honored to present the 2025 ICSB Global Report on Micro-, Small, and Medium-Sized Enterprises (MSMEs). Released in celebration of the United Nations-designated MSMEs Day (June 27), this report continues ICSB’s tradition of advancing actionable knowledge, innovative policy, and human-centered entrepreneurship for the world’s most vital business sector. This year’s report centers on the theme of “Navigating Permanent White Water,” a concept that describes the nonstop turbulence MSMEs now face, from market and tariff turbulations, geopolitical conflict, to rapid digital transformation and supply chain volatility. In this era, disruption is no longer episodic; it is a constant. For MSMEs, which often operate with fewer buffers and greater exposure to risk, the stakes are even higher. This theme sets the stage for urgent reflections on what it takes for micro and small businesses not just to survive, but to thrive: the c...
