[Economic Report of the President (2004)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] Table B-96.--Business formation and business failures, 1955-97 -------------------------------------------------------------------------------------------------------------------------------------------------------- Business failures\1\ ---------------------------------------------------------------------- Index of Number of failures Amount of current liabilities net ------------------------------ (millions of dollars) business New business Liability size ------------------------------ Year or month formation incorporations Business class Liability size (1967= (number) failure -------------------- class 100) rate\2\ Total Total ------------------- Under $100,000 Under $100,000 $100,000 and over $100,000 and over -------------------------------------------------------------------------------------------------------------------------------------------------------- 1955.................................................. 96.6 139,915 42 10,969 10,113 856 449.4 206.4 243.0 1956.................................................. 94.6 141,163 48 12,686 11,615 1,071 562.7 239.8 322.9 1957.................................................. 90.3 137,112 52 13,739 12,547 1,192 615.3 267.1 348.2 1958.................................................. 90.2 150,781 56 14,964 13,499 1,465 728.3 297.6 430.7 1959.................................................. 97.9 193,067 52 14,053 12,707 1,346 692.8 278.9 413.9 1960.................................................. 94.5 182,713 57 15,445 13,650 1,795 938.6 327.2 611.4 1961.................................................. 90.8 181,535 64 17,075 15,006 2,069 1,090.1 370.1 720.0 1962.................................................. 92.6 182,057 61 15,782 13,772 2,010 1,213.6 346.5 867.1 1963.................................................. 94.4 186,404 56 14,374 12,192 2,182 1,352.6 321.0 1,031.6 1964.................................................. 98.2 197,724 53 13,501 11,346 2,155 1,329.2 313.6 1,015.6 1965.................................................. 99.8 203,897 53 13,514 11,340 2,174 1,321.7 321.7 1,000.0 1966.................................................. 99.3 200,010 52 13,061 10,833 2,228 1,385.7 321.5 1,064.1 1967.................................................. 100.0 206,569 49 12,364 10,144 2,220 1,265.2 297.9 967.3 1968.................................................. 108.3 233,635 39 9,636 7,829 1,807 941.0 241.1 699.9 1969.................................................. 115.8 274,267 37 9,154 7,192 1,962 1,142.1 231.3 910.8 1970.................................................. 108.8 264,209 44 10,748 8,019 2,729 1,887.8 269.3 1,618.4 1971.................................................. 111.1 287,577 42 10,326 7,611 2,715 1,916.9 271.3 1,645.6 1972.................................................. 119.3 316,601 38 9,566 7,040 2,526 2,000.2 258.8 1,741.5 1973.................................................. 119.1 329,358 36 9,345 6,627 2,718 2,298.6 235.6 2,063.0 1974.................................................. 113.2 319,149 38 9,915 6,733 3,182 3,053.1 256.9 2,796.3 1975.................................................. 109.9 326,345 43 11,432 7,504 3,928 4,380.2 298.6 4,081.6 1976.................................................. 120.4 375,766 35 9,628 6,176 3,452 3,011.3 257.8 2,753.4 1977.................................................. 130.8 436,170 28 7,919 4,861 3,058 3,095.3 208.3 2,887.0 1978.................................................. 138.1 478,019 24 6,619 3,712 2,907 2,656.0 164.7 2,491.3 1979.................................................. 138.3 524,565 28 7,564 3,930 3,634 2,667.4 179.9 2,487.5 1980.................................................. 129.9 533,520 42 11,742 5,682 6,060 4,635.1 272.5 4,362.6 1981.................................................. 124.8 581,242 61 16,794 8,233 8,561 6,955.2 405.8 6,549.3 1982.................................................. 116.4 566,942 88 24,908 11,509 13,399 15,610.8 541.7 15,069.1 1983.................................................. 117.5 600,420 110 31,334 15,572 15,762 16,072.9 635.1 15,437.8 1984.................................................. 121.3 634,991 107 52,078 33,527 18,551 29,268.6 409.8 28,858.8 1985.................................................. 120.9 664,235 115 57,253 36,551 20,702 36,937.4 423.9 36,513.5 1986.................................................. 120.4 702,738 120 61,616 38,908 22,708 44,724.0 838.3 43,885.7 1987.................................................. 121.2 685,572 102 61,111 38,949 22,162 34,723.8 746.0 33,977.8 1988.................................................. 124.1 685,095 98 57,097 38,300 18,797 39,573.0 686.9 38,886.1 1989.................................................. 124.8 676,565 65 50,361 33,312 17,049 42,328.8 670.5 41,658.2 1990.................................................. 120.7 647,366 74 60,747 40,833 19,914 56,130.1 735.6 55,394.5 1991.................................................. 115.2 628,604 107 88,140 60,617 27,523 96,825.3 1,044.9 95,780.4 1992.................................................. 116.3 666,800 110 97,069 68,264 28,805 94,317.5 1,096.7 93,220.8 1993.................................................. 121.1 706,537 109 86,133 61,188 24,945 47,755.5 947.6 46,807.9 1994.................................................. 125.5 741,778 86 71,558 50,814 20,744 28,977.9 845.0 28,132.9 1995.................................................. (3) 766,988 82 71,128 49,495 21,633 37,283.6 866.1 36,417.4 1996.................................................. (3) 786,482 80 71,931 49,667 22,264 29,568.7 914.9 28,653.8 1997.................................................. (3) 798,779 88 83,384 56,050 27,334 37,436.9 1,111.3 36,325.6 -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ Commercial and industrial failures only through 1983, excluding failures of banks, railroads, real estate, insurance, holding, and financial companies, steamship lines, travel agencies, etc. Data beginning 1984 are based on expanded coverage and new methodology and are therefore not generally comparable with earlier data. \2\ Failure rate per 10,000 listed enterprises. \3\ Series discontinued in 1995. Note.--Data are no longer published. Sources: Department of Commerce (Bureau of Economic Analysis) and The Dun & Bradstreet Corporation.