Barbara Weltman

Big Ideas for Small Business, Inc.

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Small Business’s Share of GDP Declined

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According to a report from the SBA’s Office of Advocacy, the share of GDP attributable to small businesses declined from 48% to 43.5% over the period from 1998 to 2014. Part of this is because of the recession, but other causes identified include the overall decline of the number of small businesses and higher worker productivity for large businesses.