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34.7 percent of business establishments born in 2013 were still operating in 2023

January 12, 2024

In March 2023, 34.7 percent of U.S. private-sector business establishments born in March 2013 were still in operation. In other words, one-third of businesses created in March of 2013 survived for a decade.

Survival rates (in percent) for private-sector business establishments born in 2013, by industry, 2013–2023
Year Age of establishment, in years Agriculture, forestry, fishing, and hunting   Utilities   Manufacturing Real estate and rental and leasing Retail trade Construction Other services (except public administration)

2013

0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

2014

1 87.5 80.7 82.6 83.9 84.2 76.0 82.5

2015

2 81.0 72.7 73.9 75.9 75.7 68.1 74.2

2016

3 75.7 65.8 67.4 69.4 68.8 62.8 67.1

2017

4 70.7 62.9 63.0 64.1 63.3 58.2 61.9

2018

5 66.2 56.6 57.7 58.7 58.3 53.9 56.9

2019

6 62.5 53.1 53.4 54.4 54.1 50.6 52.5

2020

7 59.1 50.7 49.7 50.4 49.8 46.7 47.2

2021

8 57.2 47.5 47.1 48.0 46.8 44.6 44.3

2022

9 53.2 47.5 45.5 45.5 44.1 42.4 42.3

2023

10 50.5 45.7 43.6 42.2 41.7 40.1 39.6

Note: These data are for March of each year.

Survival rates (in percent) for private-sector business establishments born in 2013, by industry, 2013–2023 (continued)
Year Educational services Accommodation and food services Finance and insurance Health care and social assistance Arts, entertainment, and recreation Total private sector Administrative and waste services

2013

100.0 100.0 100.0 100.0 100.0 100.0 100.0

2014

81.8 82.5 80.9 82.7 80.6 79.6 76.9

2015

72.9 72.5 71.7 73.6 71.3 68.9 67.4

2016

65.9 65.6 64.2 66.0 63.8 61.4 60.1

2017

60.9 60.3 58.2 58.3 57.9 55.3 53.9

2018

56.0 55.3 53.2 55.1 52.9 50.6 48.9

2019

52.0 51.2 49.4 51.2 49.0 46.7 44.7

2020

47.1 46.6 45.6 48.0 44.3 42.8 41.2

2021

43.1 42.9 43.4 44.1 39.0 39.9 38.3

2022

41.5 41.1 40.5 41.2 37.6 37.6 36.4

2023

38.9 38.2 37.5 35.7 35.4 34.7 34.2

Note: These data are for March of each year.

Survival rates (in percent) for private-sector business establishments born in 2013, by industry, 2013–2023 (continued)
Year Transportation and warehousing Management of companies and enterprises Professional, scientific, and technical services Wholesale trade Information Mining, quarrying, and oil and gas extraction

2013

100.0 100.0 100.0 100.0 100.0 100.0

2014

79.4 81.4 77.0 78.2 74.9 79.4

2015

69.6 70.5 66.0 67.1 63.5 65.9

2016

61.4 62.1 57.8 58.3 55.7 50.6

2017

55.1 55.7 51.6 52.0 49.5 44.3

2018

50.1 50.3 46.3 46.5 44.3 40.2

2019

46.3 46.1 42.0 41.9 40.1 36.6

2020

41.9 41.1 38.0 37.5 36.8 33.1

2021

39.1 38.8 35.7 34.4 33.7 28.2

2022

36.9 35.3 33.3 32.1 31.5 26.3

2023

34.0 33.0 30.9 30.1 29.1 24.5

Note: These data are for March of each year.

The agriculture, forestry, fishing, and hunting industry had the highest survival rate (50.5 percent still in business in 2023), followed by utilities (45.7 percent) and manufacturing (43.6 percent). The lowest survival rate was in mining, quarrying, and oil and gas extraction (24.5 percent). Other industries with low 10-year survival rates were information (29.1 percent) and wholesale trade (32.1 percent).

Overall, the survival rate for private-sector establishments born in March 2013 dropped most in first year of operation, as the rate fell by 20.4 percentage points from 2013 to 2014. This pattern held for all large industry groups, with the sharpest decline occurring in construction (−24.0 percentage points). Survival rates generally continued to decrease every year, typically declining less steeply as time passed.

Mining, quarrying, and oil and gas extraction experienced a large drop in its survival rate (−15.3 percentage points) between 2015 and 2016. After this steep decline, the survival rate in this industry continued to trend below those of the other sectors.

These data are from Business Employment Dynamics program. To learn more about establishment survival over time, see Establishment Age and Survival Data.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, 34.7 percent of business establishments born in 2013 were still operating in 2023 at https://www.bls.gov/opub/ted/2024/34-7-percent-of-business-establishments-born-in-2013-were-still-operating-in-2023.htm (visited April 21, 2024).

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