GITNUX MARKETDATA REPORT 2024

Small Business Industry Statistics [Fresh Research]

Statistic 1

"In 2020, small businesses created 1.6 million net jobs in the U.S."

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Statistic 2

"Firms with fewer than 500 workers accounted for 99.7% of those businesses."

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Statistic 3

"60% of small business owners expect their revenues to increase in the next 12 months."

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Statistic 4

"The U.S. small business sector is home to nearly 31.7 million businesses."

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Statistic 5

"The pandemic negatively impacted 75% of the small businesses."

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Statistic 6

"40.3 million small businesses use social media for business."

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Statistic 7

"Small businesses were hit hardest during the COVID-19 lockdown, with a 41% drop in revenue."

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Statistic 8

"Female ownership of businesses grew by 70% between 2007 and 2018."

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Statistic 9

"The average small business owner is 45-54 years old."

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Statistic 10

"78% of small businesses have a positive outlook on their company’s future."

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Statistic 11

"Sole proprietorships make up 73% of all small businesses."

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Statistic 12

"Over 50% of the US’s 30.7 million small businesses are home-based."

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Statistic 13

"E-commerce sales for U.S. Retailers in 2019 were $601.7 billion, an increase of 14.9%."

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