A business transition matrix is an analytical tool used to assess how businesses evolve over time based on their size. The matrix shows, in percentage terms, how businesses in a given category in an initial year are distributed across different categories in a subsequent year. This helps identify business dynamics and growth patterns, providing key insights for the design of public policies and business strategies.

For the 2015–2024 period, the results show significant progress in business mobility, particularly among medium-sized and large enterprises. For example, 36.1% of businesses classified as medium-sized in 2015 had moved into the large-enterprise category by 2024, reflecting sustained and significant growth. Large enterprises also show notable stability, with two out of every three maintaining their classification. It is also worth noting that 7.5% of small businesses managed to move up to higher categories, including those that became medium-sized or large enterprises, demonstrating successful growth cases within this segment. These results show that, despite existing challenges, many businesses find opportunities to grow and establish themselves in higher categories, contributing to the strengthening of the country’s business landscape.