Brazil Records 4.5 Million Business Companies in 2017, Number Declines Since 2014

In 2017, Brazil had 4,458,678 companies, with 38.4 million people employed, 31.9 million of whom were paid employees and 6.5 million were partners or owners.

RIO DE JANEIRO, BRAZIL - This is shown by data released yesterday, October 17th, in Rio de Janeiro, by the Brazilian Institute of Geography and Statistics (IBGE), in the 2017 Business Demography and Entrepreneurship survey.

According to the study, the survival rate of companies, i.e., that remained open after at least one year, stood at 84.8 percent.

The survey considers only business organizations, excluding all public bodies, state-owned companies, non-profit organizations, Individual Micro-entrepreneur (MEI) and Social Organizations (OS).

According to the IBGE's Registration and Classification Coordination technician Denise Guichard Freire, the data point to lower . . .

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