Rate of business discontinuance Asia 2023, by country

Published by Statista Research Department, Sep 18, 2024

According to surveys conducted in 2023, Thailand had a business discontinuance rate of 6.8 percent. In comparison, South Korea's business discontinuation rate was 2.5 percent in the same year. 
The business discontinuation rate was defined as the percentage of individuals who had discontinued a business within the 12 months preceding the survey date.

Rate of business discontinuance in Asia in 2023, by selected country or territory

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Source

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Release date

February 2024

Region

Asia, APAC

Survey time period

2023

Number of respondents

about 2,000 per country

Age group

18-64 years

Special properties

data was composed of the Adult Population Survey and the National Expert Survey

Method of interview

Questionnaire

Supplementary notes

* Taiwan, Indonesia, and Japan data as of 2022.

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