City of Sydney

Business trends

There were an estimated 80,918 total GST registered businesses in the City of Sydney in the Dec-23 quarter. There were 484 new businesses and 1,190 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
City of Sydney - All industries
QuarterNumber of registered businessesNew GST RegistrationCancelled GST RegistrationNet change
Dec-2023 80,9184841,190-706
Sep-2023 81,6249251,826-901
Jun-2023 82,5251,4041,210+194
Mar-2023 82,3312,0331,255+778
Dec-2022 81,5531,8681,352+516
Sep-2022 81,0372,5371,825+712
Jun-2022 80,3251,9251,274+651
Mar-2022 79,6742,0371,206+831
Dec-2021 78,8432,2331,266+967
Sep-2021 77,8762,8791,768+1,111
Jun-2021 76,7652,4471,239+1,208
Mar-2021 75,5572,0561,213+843
Dec-2020 74,7141,9491,157+792
Sep-2020 73,9222,5431,556+987
Jun-2020 72,9351,5291,078+451
Mar-2020 72,4841,8461,203+643
Dec-2019 71,8411,8861,280+606
Sep-2019 71,2352,7031,426+1,277
Jun-2019 69,9581,9331,179+754
Mar-2019 69,2041,8901,114+776
Dec-2018 68,4281,8531,106+747
Sep-2018 67,6812,6941,279+1,415
Jun-2018 66,2661,9521,642+310
Mar-2018 65,9561,806731+1,075
Dec-2017 64,8811,8071,457+350
Sep-2017 64,5312,5282,092+436
Jun-2017 64,0951,9401,476+464
Mar-2017 63,6311,894723+1,171
Dec-2016 62,4601,6981,085+613
Sep-2016 61,8472,4471,817+630
Jun-2016 61,2171,7791,560+219
Mar-2016 60,9981,766769+997
Dec-2015 60,0011,7311,325+406
Sep-2015 59,5952,4881,761+727
Jun-2015 58,8681,6811,526+155
Mar-2015 58,7131,4931,291+202

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

Please refer to specific data notes for more information

City of Sydney

economic profile