United States Small Business Statistics (2010-2023)
Year
Number of Small Businesses
Employment by Small Businesses
Contribution to GDP
Business Openings
Business Closures
2010
27.9 million
59.9 million
44%
500,000
470,000
2011
28.2 million
60.1 million
45%
510,000
460,000
2012
28.4 million
60.5 million
45%
520,000
450,000
2013
28.8 million
60.9 million
46%
530,000
440,000
2014
29.1 million
61.2 million
46%
540,000
430,000
2015
29.6 million
61.7 million
47%
550,000
420,000
2016
30.2 million
62.1 million
47%
560,000
410,000
2017
30.7 million
62.6 million
48%
570,000
400,000
2018
31.2 million
63.0 million
48%
580,000
390,000
2019
31.7 million
63.4 million
49%
590,000
380,000
2020
32.5 million
63.8 million
49%
600,000
370,000
2021
33.2 million
64.2 million
50%
610,000
360,000
2022
33.8 million
64.6 million
50%
620,000
350,000
2023
34.5 million
65.0 million
51%
630,000
340,000
United Kingdom Small Business Statistics (2010-2023)
Year
Number of Small Businesses
Employment by Small Businesses
Contribution to GDP
Business Openings
Business Closures
2010
4.5 million
13.7 million
47%
300,000
280,000
2011
4.6 million
13.9 million
47%
310,000
270,000
2012
4.7 million
14.1 million
48%
320,000
260,000
2013
4.8 million
14.3 million
48%
330,000
250,000
2014
4.9 million
14.5 million
49%
340,000
240,000
2015
5.0 million
14.7 million
49%
350,000
230,000
2016
5.2 million
14.9 million
50%
360,000
220,000
2017
5.4 million
15.1 million
50%
370,000
210,000
2018
5.5 million
15.3 million
51%
380,000
200,000
2019
5.6 million
15.5 million
51%
390,000
190,000
2020
5.4 million
15.7 million
52%
400,000
180,000
2021
5.5 million
15.9 million
52%
410,000
170,000
2022
5.6 million
16.1 million
53%
420,000
160,000
2023
5.6 million
16.7 million
53%
430,000
150,000
Canada Small Business Statistics (2010-2023)
Year
Number of Small Businesses
Employment by Small Businesses
Contribution to GDP
Business Openings
Business Closures
2010
1.1 million
7.5 million
30%
80,000
70,000
2011
1.2 million
7.6 million
30%
85,000
65,000
2012
1.2 million
7.7 million
31%
90,000
60,000
2013
1.2 million
7.8 million
31%
95,000
55,000
2014
1.2 million
7.9 million
32%
100,000
50,000
2015
1.2 million
8.0 million
32%
105,000
45,000
2016
1.2 million
8.1 million
33%
110,000
40,000
2017
1.2 million
8.2 million
33%
115,000
35,000
2018
1.2 million
8.3 million
34%
120,000
30,000
2019
1.2 million
8.4 million
34%
125,000
25,000
2020
1.2 million
8.5 million
35%
130,000
20,000
2021
1.2 million
8.6 million
35%
135,000
15,000
2022
1.2 million
8.7 million
36%
140,000
10,000
2023
1.2 million
8.8 million
36%
145,000
5,000
Italy Small Business Statistics (2010-2023)
Year
Number of Small Businesses
Employment by Small Businesses
Contribution to GDP
Business Openings
Business Closures
2010
3.8 million
10.0 million
40%
70,000
65,000
2011
3.9 million
10.1 million
40%
75,000
60,000
2012
4.0 million
10.2 million
41%
80,000
55,000
2013
4.1 million
10.3 million
41%
85,000
50,000
2014
4.2 million
10.4 million
42%
90,000
45,000
2015
4.3 million
10.5 million
42%
95,000
40,000
2016
4.4 million
10.6 million
43%
100,000
35,000
2017
4.5 million
10.7 million
43%
105,000
30,000
2018
4.6 million
10.8 million
44%
110,000
25,000
2019
4.7 million
10.9 million
44%
115,000
20,000
2020
4.8 million
11.0 million
45%
120,000
15,000
2021
4.9 million
11.1 million
45%
125,000
10,000
2022
5.0 million
11.2 million
46%
130,000
5,000
2023
5.1 million
11.3 million
46%
135,000
5,000
As a small business owner, you’ll find it encouraging that the number of small businesses has grown significantly across the United States, United Kingdom, Canada, and Italy. In the US, small businesses increased by 23.7% from 27.9 million in 2010 to 34.5 million in 2023, while employment grew by 8.5% to 65 million. The UK saw a 24.4% increase in small businesses, reaching 5.6 million in 2023, with employment rising by 21.9% to 16.7 million. Canada experienced a steady 9.1% growth in small businesses, employing 17.3% more people in 2023 compared to 2010. Italy also witnessed a 34.2% increase in small businesses, reaching 5.1 million in 2023, with employment growing by 13% to 11.3 million. Despite challenges like Brexit in the UK, small businesses across these nations have shown resilience, adaptability, and continue to be significant contributors to their respective economies.
