Inner West Council area

Business trends

The number of GST registered businesses in the the Inner West Council area increased by 131 in the Jun-24 Quarter. There were 574 new GST registrations and 443 GST cancellations.

The Australian Government recently updated ABR data coding to align with the new Australian Statistical Geography. These changes were not communicated to ABR data users and caused anomalies in our published trend data due to previous processing methods. As a result, data for the last two quarters (Dec-23 and Mar-24) has been revised. More details are available here.

The Australian Business Register (ABR) is a register of all business entities and sole traders in Australia, based on Australian Business Numbers (ABNs), maintained by the Australian Taxation Office.

While ABR business data does not pick up all operations in a region (some companies are not registered at the location where they undertake commercial operations), the time-series data can be quite insightful. It can give you an indication of the short-term impacts of macro-events, and can also offer a sign as to how favourable local conditions are to establishing new businesses during normal times.

Changes in business counts by industry can show structural shifts within the economy and identify growth and declining industries. For example, growth industries will have high entry and exit rates due to the high failure rates of first movers and smaller high growth enterprises. Declining sectors will have low entry and high exit rates.

The raw business register dataset contains large numbers of ABNs which are not relevant to local government planning, including trusts, superannuation funds, non-active businesses and micro businesses not registered for GST. These have been filtered out of the data presented here, to provide a more meaningful dataset for Local Government Decision making.

Data are presented as aggregates of ABNs at the Local Government level for each of the time period. The graph of the number of GST registered businesses, the number of new GST registered businesses, and the number of cancelled GST registerations can be selected at the 1-digit ANZSIC classification level. For more information, including actual business locations and name and address details, LGAs are entitled to access the raw ABR unit record dataset directly from the ATO.

Data source

Australian Business Register - filtered counts - Current at November 2024

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Looking for the official business count? Businesses by Industry.
Business trends by industry sector
Inner West Council area - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 574443+131
Mar-2024 593388+205
Dec-2023 568462+106
Sep-2023 810675+135
Jun-2023 593400+193
Mar-2023 633407+226
Dec-2022 509455+54
Sep-2022 820709+111
Jun-2022 524410+114
Mar-2022 621358+263
Dec-2021 571396+175
Sep-2021 927647+280
Jun-2021 628351+277
Mar-2021 586390+196
Dec-2020 542360+182
Sep-2020 844474+370
Jun-2020 489302+187
Mar-2020 570337+233
Dec-2019 506390+116
Sep-2019 829518+311
Jun-2019 554337+217
Mar-2019 587332+255
Dec-2018 563340+223
Sep-2018 807490+317
Jun-2018 557537+20
Mar-2018 613248+365
Dec-2017 485445+40
Sep-2017 798666+132
Jun-2017 598522+76
Mar-2017 642261+381
Dec-2016 500368+132
Sep-2016 803820-17
Jun-2016 545541+4
Mar-2016 548272+276
Dec-2015 483514-31
Sep-2015 725757-32
Jun-2015 429577-148
Mar-2015 442475-33

Source: Australian Business Register. ©2024 Compiled and presented in economy.id by .id (informed decisions).

Please refer to specific data notes for more information

Inner West Council

economic profile