Penrith City

Business trends

There were an estimated 16,471 total GST registered businesses in Penrith City in the Dec-23 quarter. There were 168 new businesses and 361 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 22nd of May 2023

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Business trends by industry sector
Penrith City - All industries
QuarterNumber of registered businessesNew GST RegistrationCancelled GST RegistrationNet change
Dec-2023 16,471168361-193
Sep-2023 16,664321564-243
Jun-2023 16,907426287+139
Mar-2023 16,768533312+221
Dec-2022 16,547500382+118
Sep-2022 16,429660719-59
Jun-2022 16,488489428+61
Mar-2022 16,427654274+380
Dec-2021 16,047604285+319
Sep-2021 15,728705491+214
Jun-2021 15,514450224+226
Mar-2021 15,288488259+229
Dec-2020 15,059364244+120
Sep-2020 14,939590353+237
Jun-2020 14,702335180+155
Mar-2020 14,547409248+161
Dec-2019 14,386403289+114
Sep-2019 14,272571451+120
Jun-2019 14,152393245+148
Mar-2019 14,004467177+290
Dec-2018 13,714444180+264
Sep-2018 13,450560294+266
Jun-2018 13,184424369+55
Mar-2018 13,129421180+241
Dec-2017 12,888375278+97
Sep-2017 12,791645492+153
Jun-2017 12,638385376+9
Mar-2017 12,629449171+278
Dec-2016 12,351385278+107
Sep-2016 12,244551529+22
Jun-2016 12,222391367+24
Mar-2016 12,198360202+158
Dec-2015 12,040333356-23
Sep-2015 12,063556488+68
Jun-2015 11,995313352-39
Mar-2015 12,034293357-64

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

Please refer to specific data notes for more information

Penrith City Council

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