Women-owned businesses made up 20.1% of establishments in economy in 2022, says DOSM

The latest data reveals that women-owned enterprises have become a substantial component of Malaysia’s economic landscape, comprising over one-fifth of all registered businesses. This growth signifies a pivotal shift in the national entrepreneurial ecosystem, highlighting the increasing prominence and resilience of female-led ventures. The concentration of these businesses within the services sector, particularly in trade and hospitality, underscores where women are driving market dynamics and consumer engagement. Economically, these establishments generate billions in output and value addition, demonstrating their capacity to contribute significantly to national wealth creation. The steady annual growth in fixed assets and employment figures indicates that women-led firms are not only surviving but expanding their operational footprint. This expansion provides critical insights into sector-specific investment opportunities and workforce trends, suggesting that female entrepreneurship is a key driver of job creation and asset accumulation within the local economy. This information is highly relevant to open data initiatives because it exemplifies how transparent, accessible statistical releases empower stakeholders to analyze gender-based economic disparities. By making detailed census data publicly available, governments enable researchers and policymakers to formulate evidence-based strategies for inclusivity. Open access to such metrics fosters accountability and allows for the development of targeted interventions that support women’s economic participation, ensuring that progress toward gender equality is measurable and actionable.

Source: thestar.com.my
Published on 2025-05-01

Women-owned businesses made up 20.1% of establishments in economy in 2022, says DOSM

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