Global State of Small Business - COVID-19

The Global State of Small Business Report, based on the Future of Business Survey, is an ongoing research collaboration by Facebook, the Organisation for Economic Co-operation and Development (OECD), and the World Bank to survey small and medium-sized businesses around the world over a six-month period in the context of COVID-19. The aim of these 2020 surveys, together with the associated reports and updates, is to provide a window into SMBs’ experiences amid COVID-19. As we measure the pandemic’s effects on business closures, revenue, employment, and finances, we also gain insight into SMBs’ needs and challenges.

Wave I

The Global State of Small Business Report was based on the first 2020 wave of the Future of Business Survey, which was conducted May 28–31, 2020, and included more than 30,000 SMB owners, managers, and employees in more than 50 countries and regions. The results provided a helpful initial benchmark of the widespread effects of the pandemic, including marked reductions in sales and employment for operational SMBs, as well as disproportionate effects on micro-businesses and female-led SMBs in regard to business closures. The research also provided useful insights into SMBs’ responses to these challenges, access to financial support, and near-term projections.

Download the Global State of Small Business Report

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