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 . . .