Bicommutative algebras are nonassociative algebras satisfying the polynomial identities of right-and left-commutativity (x 1 x 2 )x 3 = (x 1 x 3 )x 2 and x 1 (x 2 x 3 ) = x 2 (x 1 x 3 ). Let B be the variety of all bicommutative algebras over a field K of characteristic 0 and let F (B) be the free algebra of countable rank in B. We prove that if V is a subvariety of B satisfying a polynomial identity f = 0 of degree k, where 0 = f ∈ F (B), then the codimension sequence cn(V), n = 1, 2, . . ., is bounded by a polynomial in n of degree k − 1. Since cn(B) = 2 n − 2 for n ≥ 2, and exp(B) = 2, this gives that exp(V) ≤ 1, i.e., B is minimal with respect to the codimension growth. When the field K is algebraically closed there are only three pairwise nonisomorphic twodimensional bicommutative algebras A which are nonassociative. They are one-generated and with the property dim A 2 = 1. We present bases of their polynomial identities and show that one of these algebras generates the whole variety B.