Six in Ten Companies Opened in Brazil in 2012 Closed Down Within Five Years

The survival rate decreases over time. While 78.9 percent of the businesses established in 2012 survived one year of operation, the rate dropped precipitously every year, so that only 39.8 percent were still open in 2017.

RIO DE JANEIRO, BRAZIL - Approximately 40 percent of the 597,200 companies set up in 2012 were still active in 2017. This figure, used as a survival rate, suggests that six out of ten companies ceased operations in the five years. The data are from the Business Demographics and Entrepreneurship Statistics, released on October 17th, by the Brazilian Institute of Geography and Statistics (IBGE).

In 2017, the survey shows that there were some 4.5 million companies in Brazil, 22,900 less than the previous year. Electricity and gas were the activities with the highest proportion of new companies in . . .

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