Rio de Janeiro – There were 4,458,678 companies in Brazil in 2017. The figure was released this Thursday (17) in the Business and Entrepreneurship Demographics survey from the Brazilian Institute of Geography and Statistics (IBGE). Business survival rate a year after opening was 84.8%.
The survey concerns strictly business entities; no public entities, state-run companies, non-profits, self-employed workers (Microempreendedor Individual – MEI) or Social Organizations are included. The highest survival rates were in the South and Southeast, at 86.6% and 85%. At least half the businesses that opened in Brazil in the past decade stayed in business at least five years.
Translated by Gabriel Pomerancblum