“Small Business Economic Development Advocacy (SBEDA) provides access to City contracts by promoting the participation of eligible local small, minority, and woman-owned businesses (S/M/WBEs) to address historically documented disparities. In FY 2023, the City of San Antonio, allocated $330 million to 517 unique local S/M/WBEs, representing the largest annual utilization in the history of the SBEDA program.

The data in this file represents actual payments during City of San Antonio FY 2023 (October 1, 2022 – September 30, 2023) to S/M/WBE prime contractors and subcontractors participating on City contracts in which the SBEDA program applied. SBEDA annual reports are considered snapshots to assess program strengths and weaknesses.”

The Office of Advocacy’s Small Business Profiles are an annual portrait of each state’s small business. They gather the latest federal data into state-by-state snapshots of small business health and economic activity. Limited economic data is also provided for the U.S. territories. This year’s profiles report on state economic growth and employment, income and finance, employer business owner demographics, turnover among establishments with employees, international trade, small business employment by industry and county, and self-employment by county, and small businesses by industry.

In August 2024, the U.S. Small Business Optimism Index amounted to 91.2. This is a slight decrease from a value of 93.7 in the previous month. The index consists of 10 indicators derived from questions addressing small business owners: Plans to create employment; plans to make capital outlays; plans to increase inventories; expect economy to improve; expect real sales higher; current inventory; current job openings; expected credit conditions; now a good time to expand; earnings trends.

Small Business Sentiment in Japan decreased to 1 points in the second quarter of 2025 from 2 points in the first quarter of 2025. This dataset provides - Japan Small Business Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Introduction

Small Business Statistics: Small businesses are often seen as the backbone of the economy, and rightly so. They bring fresh ideas to the market and create jobs for people who may not have opportunities in larger companies. From one-person businesses to significant job creators, small businesses are crucial to the economy.

However, with 82% failing because of cash flow problems and only 50% making it to the five-year mark, it’s clear that achieving success is not easy. Here are some Small Business Statistics that can help entrepreneurs understand the market better and position their products or services for success.

This dataset provides values for SMALL BUSINESS SENTIMENT reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Small Business Market size was valued at USD 1901 Billion in 2023 and is projected to reach USD 3305 Billion by 2031, growing at a CAGR of 8.6% during the forecast period 2024-2031.

Global Small Business Market Drivers

The market drivers for the Small Business Market can be influenced by various factors. These may include:

Digital Transformation: Small businesses are increasingly adopting digital tools and technologies to streamline operations, enhance customer engagement, and gain a competitive edge. Cloud computing, e-commerce platforms, CRM systems, and digital marketing are among the key technologies that small businesses are leveraging to scale and improve efficiency. This digital shift has been accelerated by the COVID-19 pandemic, which underscored the necessity of having an online presence and digital infrastructure. Access to Capital: Small business financing is becoming more accessible, with the rise of alternative lending platforms, microloans, and crowdfunding. Traditional banks are also adapting by offering more flexible loan products tailored to small businesses. Government initiatives and grants aimed at stimulating economic recovery post-pandemic have provided additional sources of funds, empowering small business growth and expansion. Remote Work and Flexibility: The trend toward remote work has opened new possibilities for small businesses to tap into talent pools beyond their geographic confines. This flexibility not only helps in cutting operational costs related to office space but also attracts a diverse workforce. Hybrid and remote working models have forced small businesses to adopt agile practices and invest in collaboration tools and cybersecurity measures. Consumer Preference for Local and Niche Products: There is a growing consumer trend favoring local, unique, and ethically sourced products. Small businesses have capitalized on this by offering personalized and authentic customer experiences that big corporations can’t easily replicate. Emphasizing local origins and sustainability often resonates well, driving customer loyalty and repeat business. Regulatory Changes: Changes in regulatory landscapes, including tax reforms, labor laws, and trade policies, can significantly impact small businesses. For instance, the recent shifts towards more favorable tax regulations for small and medium enterprises (SMEs) can ease financial burdens and encourage entrepreneurship. Compliance with new standards also drives innovation as small businesses adapt and optimize their operations. Technological Integration and Automation: The integration of AI and automation in small business operations is on the rise. These technologies help in optimizing supply chains, enhancing customer service with chatbots, and driving data-driven decision-making processes. Automation tools that manage inventory, customer relationships, and financial transactions reduce manual workloads and improve efficiency. Economic Recovery and Consumer Spending: The post-pandemic economic recovery has generally boosted consumer confidence and spending, which in turn benefits small businesses. Government stimulus packages and economic incentives have further stimulated spending and investment in the SME sector, leading to growth opportunities and market expansion. E-commerce Growth: The massive shift towards online shopping has opened up new sales channels for small businesses. E-commerce platforms like Shopify, Etsy, and Amazon make it easier for small businesses to reach a global audience. Additionally, advancements in payment gateways, logistics, and delivery services support small businesses in managing and fulfilling online orders seamlessly. Business Support Ecosystems: There is an expanding ecosystem of incubators, accelerators, mentoring programs, and business networks that offer crucial support to small businesses. These platforms provide funding, advocacy, mentorship, and educational resources, creating a robust support system that helps small businesses thrive and scale. Sustainability and Green Practices: Growing awareness and concern for the environment have led small businesses to adopt sustainable and eco-friendly practices. Whether it’s reducing carbon footprints, utilizing renewable energy, or offering green products and services, these practices appeal to environmentally conscious consumers and can lead to cost savings and enhanced brand reputation.

There were forecast to be approximately ******* small businesses that employ between ** and ** employees operating in the non-financial business economy of ******* in 2024, by far the most of any other country in the European Union.

Russian Small Business Index (RSBI) was measured at 52.7 points in December 2024, the lowest mark since the end of 2023. However, the figure was above the 50-point threshold, indicating that the business activity was growing.

SB: IL: Finance: PC: Introduced New Unplanned data was reported at 3.400 % in 11 Apr 2022. This records an increase from the previous number of 2.900 % for 04 Apr 2022. SB: IL: Finance: PC: Introduced New Unplanned data is updated weekly, averaging 3.400 % from Feb 2022 (Median) to 11 Apr 2022, with 9 observations. The data reached an all-time high of 4.600 % in 28 Feb 2022 and a record low of 2.300 % in 28 Mar 2022. SB: IL: Finance: PC: Introduced New Unplanned data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S047: Small Business Pulse Survey: by State: Midwest Region: Weekly, Beg Monday (Discontinued).

SB: IL: OP: Change in Hours: No Change data was reported at 78.100 % in 11 Apr 2022. This records an increase from the previous number of 76.600 % for 04 Apr 2022. SB: IL: OP: Change in Hours: No Change data is updated weekly, averaging 76.350 % from Nov 2021 (Median) to 11 Apr 2022, with 18 observations. The data reached an all-time high of 79.900 % in 14 Mar 2022 and a record low of 67.500 % in 10 Jan 2022. SB: IL: OP: Change in Hours: No Change data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S047: Small Business Pulse Survey: by State: Midwest Region: Weekly, Beg Monday (Discontinued).

Small business transactions and revenue data aggregated from several credit card processors, collected by Womply and compiled by Opportunity Insights. Transactions and revenue are reported based on the ZIP code where the business is located.

Data provided for CT (FIPS code 9), MA (25), NJ (34), NY (36), and RI (44).

Data notes from Opportunity Insights: Seasonally adjusted change since January 2020. Data is indexed in 2019 and 2020 as the change relative to the January index period. We then seasonally adjust by dividing year-over-year, which represents the difference between the change since January observed in 2020 compared to the change since January observed since 2019. We account for differences in the dates of federal holidays between 2019 and 2020 by shifting the 2019 reference data to align the holidays before performing the year-over-year division.

Small businesses are defined as those with annual revenue below the Small Business Administration’s thresholds. Thresholds vary by 6 digit NAICS code ranging from a maximum number of employees between 100 to 1500 to be considered a small business depending on the industry.

County-level and metro-level data and breakdowns by High/Middle/Low income ZIP codes have been temporarily removed since the August 21st 2020 update due to revisions in the structure of the raw data we receive. We hope to add them back to the OI Economic Tracker soon.

More detailed documentation on Opportunity Insights data can be found here: https://github.com/OpportunityInsights/EconomicTracker/blob/main/docs/oi_tracker_data_documentation.pdf

The number of small and medium-sized enterprises in the United States was forecast to continuously decrease between 2024 and 2029 by in total 6.7 thousand enterprises (-2.24 percent). After the fourteenth consecutive decreasing year, the number is estimated to reach 291.94 thousand enterprises and therefore a new minimum in 2029. According to the OECD an enterprise is defined as the smallest combination of legal units, which is an organisational unit producing services or goods, that benefits from a degree of autonomy with regards to the allocation of resources and decision making. Shown here are small and medium-sized enterprises, which are defined as companies with 1-249 employees.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

In a 2020 online survey, 29 percent of small business owners in the United States said they expected small businesses like theirs to not recover from the impacts of COVID-19 until beyond 2021. Only eight percent of respondents believed that businesses like theirs would be able to recover within few more weeks.

SB: IL: OP: Total Revenue: 50,001-125,000 data was reported at 17.400 % in 11 Apr 2022. This records a decrease from the previous number of 18.200 % for 04 Apr 2022. SB: IL: OP: Total Revenue: 50,001-125,000 data is updated weekly, averaging 18.700 % from Nov 2021 (Median) to 11 Apr 2022, with 18 observations. The data reached an all-time high of 22.600 % in 21 Feb 2022 and a record low of 16.900 % in 03 Jan 2022. SB: IL: OP: Total Revenue: 50,001-125,000 data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S037: Small Business Pulse Survey: by State: Midwest Region: Weekly, Beg Monday (Discontinued).

The Office of Advocacy’s Small Business Profiles for the States and Territories are an annual analysis of each state’s small business activities. They provide information on small business employment, industry composition, small business borrowing, exporting, and survival rates, as well as business owner demographics. The profiles provide information for the 50 states, the District of Columbia, the U.S. territories, and the United States. Detailed historical data may be found in the Small Business Economy.

NFIB Business Optimism Index in the United States increased to 98.80 points in May from 95.80 points in April of 2025. This dataset provides - United States Nfib Business Optimism Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

South Korea Smalll Business Health Index (SBHI): Economic Outlook (EO) data was reported at 72.200 Index in Apr 2025. This records an increase from the previous number of 70.800 Index for Mar 2025. South Korea Smalll Business Health Index (SBHI): Economic Outlook (EO) data is updated monthly, averaging 78.100 Index from Jan 2015 (Median) to Apr 2025, with 124 observations. The data reached an all-time high of 89.600 Index in Sep 2017 and a record low of 55.600 Index in Apr 2020. South Korea Smalll Business Health Index (SBHI): Economic Outlook (EO) data remains active status in CEIC and is reported by Korea Federation of SMEs. The data is categorized under Global Database’s South Korea – Table KR.S: Small Business Health Index. The SBHI (Small Business Health Index) is an index calculated by subdividing the responses into a 5-point scale and multiplying each frequency by a weight. If it is over 100, it indicates that there are more companies that expect the next month's economy to improve than those that do not. Less than 100 means the opposite. Series break at January 2015 to December 2022, as the Monthly Small & Medium Business Economic Outlook Survey and the Non-Manufacturing Small & Medium Business Economic Trend Survey were merged. Series break at January 2023, due to the sampling frame change. The Corporate Statistics Register is now being used instead of the National Business Survey.

Small Business Sentiment in the United Kingdom increased to -1 points in the first quarter of 2024 from -13 points in the fourth quarter of 2023. This dataset provides the latest reported value for - United Kingdom Small Business Sentiment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

SB: IA: CH: SC: Difficulty Locating Alt Foreign Suppliers data was reported at 9.700 % in 11 Apr 2022. This records an increase from the previous number of 3.300 % for 04 Apr 2022. SB: IA: CH: SC: Difficulty Locating Alt Foreign Suppliers data is updated weekly, averaging 8.000 % from Nov 2021 (Median) to 11 Apr 2022, with 18 observations. The data reached an all-time high of 12.100 % in 06 Dec 2021 and a record low of 3.300 % in 04 Apr 2022. SB: IA: CH: SC: Difficulty Locating Alt Foreign Suppliers data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S047: Small Business Pulse Survey: by State: Midwest Region: Weekly, Beg Monday (Discontinued).