Inner West Council area

Business trends

There were an estimated 22,409 total GST registered businesses in the Inner West Council area in the Dec-23 quarter. There were 252 new businesses and 435 business GST cancellations in the same quarter.

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.

COVID-19 pandemic is producing business conditions substantially different from normal. Using the Business Trends page will allow users to monitor the impact of COVID-19 locally and particularly how each industry is being affected. This dataset should be viewed in conjunction with COVID-19 Economic Outlook page to understand the magnitude and the direction of the impact of COVID-19 on economic value and employment.

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 May 2024

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Business trends by industry sector
Inner West Council area - All industries
QuarterNumber of registered businessesNew GST RegistrationCancelled GST RegistrationNet change
Dec-2023 22,409252435-183
Sep-2023 22,592384663-279
Jun-2023 22,871438384+54
Mar-2023 22,817590396+194
Dec-2022 22,623504451+53
Sep-2022 22,570790686+104
Jun-2022 22,466499405+94
Mar-2022 22,372606353+253
Dec-2021 22,119534377+157
Sep-2021 21,962879631+248
Jun-2021 21,714596346+250
Mar-2021 21,464558383+175
Dec-2020 21,289521352+169
Sep-2020 21,120812468+344
Jun-2020 20,776488293+195
Mar-2020 20,581551336+215
Dec-2019 20,366504374+130
Sep-2019 20,236805507+298
Jun-2019 19,938533333+200
Mar-2019 19,738573327+246
Dec-2018 19,492540340+200
Sep-2018 19,292803492+311
Jun-2018 18,981545532+13
Mar-2018 18,968610250+360
Dec-2017 18,608471443+28
Sep-2017 18,580780674+106
Jun-2017 18,474576524+52
Mar-2017 18,422617256+361
Dec-2016 18,061503374+129
Sep-2016 17,932772819-47
Jun-2016 17,979536538-2
Mar-2016 17,981552255+297
Dec-2015 17,684453523-70
Sep-2015 17,754711760-49
Jun-2015 17,803421571-150
Mar-2015 17,953428479-51

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