Small Business GDP: Update 2002-2010 ? Full Text Reports?

Small Business GDP: Update 2002-2010 (PDF)
Source: U.S. Small Business Administration

Despite producing a somewhat smaller share of the overall GDP than it did a decade ago, small businesses continue to be incubators for innovation and employment growth during the current recovery. Small businesses produced 46 percent of the private nonfarm gross domestic product (GDP) in 2008 (the most recent year for which the source data are available to make these estimates). 1 That is down from the 48 percent share of GDP produced by small businesses in 2002. Preliminary information indicates that the weak business conditions through early 2009 affected small businesses about as much as large businesses resulting in only a minor change to the shares. 2 However, starting in late 2009 and early 2010, small businesses appear to have been more negatively affected by business conditions than large businesses. Corporate profits recovered more quickly than non-corporate profits in 2010. Since a larger share of corporations are large businesses, that likely resulted in a further weakening of the small business share of GDP.

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Source: http://fulltextreports.com/2012/02/02/small-business-gdp-update-2002-2010/

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