In 2024, the number of formal MSMEs reached 2,326,126, representing 99.1% of the business sector. Additionally, 63.2% of formal MSMEs were concentrated in Lima, Arequipa, La Libertad, Cusco, and Piura. In contrast, the regions with the lowest number of formal MSMEs were Tumbes, Pasco, and Huancavelica, each with fewer than 16,000 MSMEs.