How many new businesses start each year

According to various sources, including the Small Business Administration (SBA) and the Bureau of Labor Statistics (BLS), here are some estimates of new business startups each year:

• In the United States:
  • The SBA estimates that around 440,000 to 440,000 new businesses are started each year, with a total of around 30 million small businesses in the country. (Source: SBA, 2020)
  • The BLS reports that there were approximately 4.4 million new business applications filed with the Secretary of State in 2020, which is a 12% increase from 2019. (Source: BLS, 2020)
• Globally:
  • According to a report by the Global Entrepreneurship Monitor (GEM), there were around 280 million entrepreneurs worldwide in 2020, with around 100 million new businesses started each year. (Source: GEM, 2020)
  • Another report by the World Bank estimates that around 150 million new businesses are started each year globally. (Source: World Bank, 2019)

It's worth noting that these numbers are estimates and may vary depending on the source and methodology used. Additionally, not all new businesses will survive their first year, with around 20% of small businesses failing within their first year, according to the SBA.