Table 4: Survival Rates for Firms Continuously Owned by the Same Person(s) by Industry
After One Year in Business | After Two Years in Business | After Three Years in Business | After Four Years in Business | After Five Years in Business | |||||||||||
Firms | Survivals | Survival Rate | Firms | Survivals | Survival Rate | Firms | Survivals | Survival Rate | Firms | Survivals | Survival Rate | Firms | Survivals | Survival Rate | |
Agriculture | 225 | 158 | 70.2% | 173 | 108 | 62.4% | 128 | 65 | 50.8% | 82 | 43 | 52.4% | 32 | 19 | 59.4% |
Mining | 253 | 180 | 71.1% | 192 | 108 | 56.3% | 140 | 63 | 45.0% | 82 | 30 | 36.6% | 30 | 9 | 30.0% |
Construction | 1,527 | 819 | 53.6% | 1,228 | 495 | 40.3% | 854 | 275 | 32.2% | 478 | 127 | 26.6% | 96 | 15 | 15.6% |
Manufacturing | 215 | 141 | 65.6% | 162 | 93 | 57.4% | 108 | 47 | 43.5% | 52 | 17 | 32.7% | 19 | 1 | 5.3% |
Transportation, Communications, & Public Utilities | 423 | 293 | 69.3% | 320 | 183 | 57.2% | 214 | 101 | 47.2% | 118 | 53 | 44.9% | 42 | 14 | 33.3% |
Wholesale Trade | 426 | 291 | 68.3% | 353 | 188 | 53.3% | 241 | 113 | 46.9% | 149 | 65 | 43.6% | 48 | 19 | 39.6% |
Retail Trade | 1,339 | 955 | 71.3% | 1,043 | 563 | 54.0% | 714 | 316 | 44.3% | 424 | 151 | 35.6% | 98 | 31 | 31.6% |
Finance, Insurance, & Real Estate | 494 | 363 | 73.5% | 399 | 246 | 61.7% | 286 | 153 | 53.5% | 157 | 83 | 52.9% | 55 | 34 | 61.8% |
Services | 2,706 | 1,854 | 68.5% | 2,111 | 1,128 | 53.4% | 1,468 | 669 | 45.6% | 909 | 366 | 40.3% | 250 | 93 | 37.2% |
Public Administration | 31 | 30 | 96.8% | 29 | 29 | 100.0% | 21 | 21 | 100.0% | 13 | 12 | 92.3% | 2 | 2 | 100.0% |
Total | 7,639 | 5,084 | 66.6% | 6,010 | 3,141 | 52.3% | 4,174 | 1,823 | 43.7% | 2,464 | 947 | 38.4% | 672 | 237 | 35.3% |
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