Updated and expanded small business statistics: wages, employment, and gross output by industry and enterprise size, 2012–2017

This paper presents newly released estimates of wages, employment, and gross output by industry and enterprise size for 2012 through 2017. These estimates expand on previous U.S. Bureau of Economic Analysis (BEA) estimates by enterprise size in two ways. First, we increased the number of size class groupings from five to eight. Specifically, we split the small businesses category (less than 100 employees) into four subcategories: very small (0–9 employees), small 1 (10–19 employees), small 2 (20–49 employees), and small 3 (50–99 employees). We also expanded the level of detail for large businesses, splitting this category into three subcategories: large 1 (500– 999 employees), large 2 (1,000–4,999 employees), and very large (5,000 or more employees). Second, we expanded the industry detail from about 20 sectors, or 2-digit North American Industry Classification System (NAICS) codes, to 63 industries, aligning with 3-digit NAICS codes. The full set of estimates is available on BEA's small business website.