Small Business Statistics and Facts

According to the Department of Commerce, the following are different small business statistics that have been gathered throughout recent years.

  • Small businesses are responsible for 39% of GNP.

  • Approximately 52% of all sales in the United States are from small businesses.

  • Statistics and studies show that small businesses innovate more than larger companies.

  • Over 54 million people are employed by a small company.

  • A recent one year study showed that larger company employement dropped by 0.6% while employment in small businesses increased by 1.1%.

  • Small businesses have increased overall employment by 13 million workers in just a recent one year timespan.

  • Currently, there are over 20 million small businesses in the US.

Read more information about development, laws, and small business statistics at: http://www.commerce.gov/

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