Small Business Index U.S. 2024 | Statista

In the first quarter of 2024, 65 percent of surveyed small business owners indicated that the health of their business was in good shape. A further 24 percent of respondents said the health of their business was about average. At the end of 2019, small businesses in "very good" health peaked at 43 percent. By the end of 2020, this number fell to 25 percent in the wake of the COVID-19 pandemic.

Small Business Index in the United States from the first quarter of 2019 to the first quarter of 2024

Characteristic	Very good	Somewhat good	About average	Somewhat poor	Very poor
Q1 2024	30%	35%	24%	9%	2%
Q4 2023	27%	37%	26%	10%	0%
Q3 2023	31%	35%	25%	7%	2%
Q2 2023	27%	33%	27%	11%	3%
Q1 2023	29%	35%	29%	6%	1%
Q4 2022	31%	33%	25%	10%	1%
Q3 2022	32%	33%	19%	14%	1%
Q2 2022	26%	40%	24%	9%	2%
Q1 2022	28%	33%	22%	15%	2%
Q4 2021	30%	31%	20%	15%	3%
Q3 2021	20%	35%	25%	16%	3%
Q2 2021	23%	30%	27%	15%	5%
Q1 2021	23%	28%	25%	17%	7%
Q4 2020	23%	27%	30%	14%	4%
Q3 2020 (wave 2)	25%	28%	30%	12%	5%
Q3 2020 (wave 1)	27%	27%	27%	12%	6%
Q2 2020 (wave 3)	35%	28%	29%	12%	7%
Q2 2020 (wave 2)	24%	26%	26%	17%	7%
Q2 2020 (wave 1)	33%	24%	27%	12%	3%
Q1 2020	35%	30%	25%	7%	2%
Q4 2019	43%	26%	22%	6%	3%
Q3 2019	41%	25%	25%	6%	3%
Q2 2019	39%	26%	28%	5%	2%
Q1 2019	38%	26%	28%	5%	3%

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Release date

April 2024

More information

Region

United States

Survey time period

Q1 2019 to Q1 2024

Number of respondents

755 respondents

Age group

18 years and older

Special properties

small business owners and operators

Method of interview

Online interview

Supplementary notes

Survey question: how would you rate the overall health of your business?
2024 Q1 survey January 26 – February 12, 2024

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