In three years, 341.6 thousand companies were closed in Brazil, according to IBGE | Economy

According to the survey, in 2016, there were just over 5.05 million active businesses in the country, a decrease of 6.3% over 2013, when the number total of active companies is approximately 5.4 million.

Source: IBGE

Of the total number of firms closed during this period, 76.8% came from the commercial sector

Total number of firms closed during this period,. According to the IBGE, in 2013, there were 2.2 million business enterprises and in 2016 this number fell to 1.94 million, a decrease of 11.9%.

After trading, in absolute numbers, the manufacturing industry was the segment of business that most businesses closed during the period – were 37,600 closures, which corresponds to a decrease of 8 , 4%. The housing and food segment ranks third with 15,600 businesses closed from 2013 to 2016, a decrease of 4.8%.

Some segments, however, recorded an increase in the number of firms. In the education sector, there were 42,300 businesses between 2013 and 2016, up 32.6%. Companies focused on human health and social services grew by 30.2 thousand units during the same period, an increase of 18.9%. Real estate activities recorded an increase of 15.3 thousand businesses – 22.3% more.

With the closure of enterprises, the total number of employees in the business sector decreased by 6.8% between 2013 and 2016, representing a contingent of 3.7 million workers.

According to the IBGE survey, the average monthly wage, in real terms, fell by 0.7% between 2013 and 2016 in the country. In 2016, the average monthly salary paid by the companies was 2 661,18 reais, while in 2013, given the inflation of the period, this value was 2,680.61 reais.

According to the IBGE, the gender gap was maintained in 2016. That year, they had average monthly earnings of 2,895.56 reais, and 2,368.98 reais. Thus, men's wages were 22.2% higher than women's.

The IBGE pointed out that in 2016, the lowest average wages were paid by companies in the housing and food sector (1,363.30 reais), administrative activities and supplementary services (R $ 1,652.44) and commerce; repair of motor vehicles and motorcycles (R $ 1,753.80) – respectively 48.8%, 37.9% and 34.1% below average. These three activities accounted for 33.3% of the year's employees.

The highest average monthly wages were paid by companies in the electricity and gas sectors (R $ 7,263.19), financial activities, insurance and related services (5,916.3 R $) and international and extraterritorial organizations (R $ 5,033.15) – respectively 173%, 122.3% and 89.1% above average.

Together, these three activities absorbed only 2.5% of all salaried personnel in the country in 2016.

The IBGE pointed out that the value of wages is directly related to the size of the business – the larger the size of the business, the higher the salary. The highest average monthly salaries (R $ 3,420.71) were paid by companies with 250 or more employees. The lowest average monthly wages (R $ 1,463.81) were paid by companies employing up to nine people.