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Q: Percentage Growth of US Business in 2001 and (if possible) est. for 2002 ( Answered 5 out of 5 stars,   0 Comments )
Subject: Percentage Growth of US Business in 2001 and (if possible) est. for 2002
Category: Business and Money > Economics
Asked by: mikeginnyc-ga
List Price: $25.00
Posted: 18 Nov 2002 17:20 PST
Expires: 18 Dec 2002 17:20 PST
Question ID: 110269
By what estimated percentage did US businesses grow in 2001?  (if
possible, any tentative estimates for 2002?)

Request for Question Clarification by easterangel-ga on 18 Nov 2002 18:20 PST
Hi! Growth in terms of what? 

   - Revenues
   - Production
   - Company Value

Just let me know. :)

Clarification of Question by mikeginnyc-ga on 18 Nov 2002 19:01 PST
what a smart question you asked! (and i feel dumb for not having been
clearer.)  it's revenues.  the context is this: i'm writing a speech
for a client who's proud that his company will have grown by 30%
dollar revenue in 2002.  and we're wanting to show how GREAT that is
by comparing it to ... i'm making this up ... american business grew
by (let's say) 8% in 2001 and (if available) an estimated 5% in 2002
... so-- WOW! -- my client's 30% sales growth rate says really great
things about his company.  that's the idea.  i hope this answer helps.
Subject: Re: Percentage Growth of US Business in 2001 and (if possible) est. for 2002
Answered By: easterangel-ga on 18 Nov 2002 21:01 PST
Rated:5 out of 5 stars
Hi! Thanks for the question.

Your question could be answered by statistics coming from the Bizstats
website. The website also has figures for different industries which
would be a better benchmark for your client’s figures.

According to Bizstats, the revenue growth of US businesses for 2001
increased by only 6% from 2000 to 2001. It also provides total revenue
per industry.

“In total, US business receipts came to over $ 22 trillion - total
annual growth has been about 6% for 2000 and 2001. All numbers are
reported in billions.”

“Size of US Markets by Industry” 

In case you would want revenue growth rates in prior years, this page
from Bizstats would prove valuable to you as well.

“Number of Businesses by Annual Revenue” 

Another type of comparison that could be used is by type of business.

“Corporate Profitability by Industry” 


I have not found a reliable estimate of revenue growth for 2002 maybe
since such figures maybe computed at the end of the year. To somewhat
make up with this, I have found this estimate that the US economy
expansion was pegged at 5% in the 1st quarter of 2002.

“The U.S. economy expanded at an annual rate of 5.8% in the first
quarter, boosted by tax cuts, heavy government outlay on security and
defense, and still steady consumer spending.”

“Profits in electronics sectors are hard to find” by Jim Haughey and
Bolaji Ojo

Search terms used: 
US business statistics

I hope these links would help you in your research. Before rating this
answer, please ask for a clarification if you have a question or if
you would need further information.

Thanks for visiting us.


Clarification of Answer by easterangel-ga on 19 Nov 2002 22:14 PST
Thanks for all the kind words and also for the generous tip!
mikeginnyc-ga rated this answer:5 out of 5 stars and gave an additional tip of: $10.00
Wow - what a service!  I am flabbergasted at how helpful this service
is.  The researcher not only clarified my question, helpfully ... but
then gave me back much more than i expected -- not only the answer,
but the tools to understand the answer, or answer future questions on
my own.  i.e., I'd never heard of "" before ... so it's as
though i was given the fish i needed *AND* taught to fish.  I'm
totally, wonderfully pleased!  THANKS.

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