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Small Business Statistics

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Article added or updated: 03/30/2008

Small Business Statistics from the Small Business Administration

Did you know that...

there were approximately 22.9 million small businesses in the U.S. in 2002.

there were an estimated 550,100 new employer businesses in 2002 -- a 0.9 percent increase over the previous year.

	small businesses hire a larger proportion of employees who are younger workers, older workers, and part-time workers.
	business bankruptcies were 38,155 in 2002, about half of the level reached in the late 1980's.

Small businesses…

	provide approximately 75 percent of the net new jobs added to the economy.
	represent 99.7 percent of all employers.
	employ 50.1 percent of the private work force.
	provide 40.9 percent of private sales in the country.
	account for 39.1 percent of jobs in high technology sectors in 2001.
	account for 52 percent of private sector output in 1999.
	represent 97 percent of all U.S. exporters.

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