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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.
United States Department of Labor
