The five-year survival rate for newer businesses in Ireland has fallen sharply to 47.6%, down from 67.3% in the previous measurement period, according to a report by the Irish Independent.
The data highlights a deteriorating environment for entrepreneurship and small business formation, signaling that the economic recovery is failing to sustain new market entrants over the long term.
1% in the first quarter of 2026, a severe downturn that was significantly worse than the initial estimate of a 2% decline.
This decline in business longevity arrives as broader macroeconomic indicators point to significant weakness.
Ireland’s gross domestic product contracted by 12.1% in the first quarter of 2026, a severe downturn that was significantly worse than the initial estimate of a 2% decline.
The updated figures, published in June, reveal a dramatic revision that underscores the depth of the current economic contraction.
Labor market conditions are also deteriorating, adding pressure to the business environment.