City of Sydney

Business trends

The number of GST registered businesses in the the City of Sydney increased by 651 in the Jun-24 Quarter. There were 2,251 new GST registrations and 1,600 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
City of Sydney - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 2,2511,600+651
Mar-2024 2,0621,292+770
Dec-2023 2,0481,259+789
Sep-2023 2,7921,874+918
Jun-2023 2,2271,258+969
Mar-2023 2,0691,263+806
Dec-2022 1,9371,400+537
Sep-2022 2,7261,907+819
Jun-2022 1,9931,308+685
Mar-2022 2,1121,191+921
Dec-2021 2,2861,258+1,028
Sep-2021 3,0261,787+1,239
Jun-2021 2,5501,227+1,323
Mar-2021 2,1541,225+929
Dec-2020 2,0151,314+701
Sep-2020 2,6641,550+1,114
Jun-2020 1,5631,026+537
Mar-2020 2,0571,174+883
Dec-2019 1,9541,256+698
Sep-2019 2,7341,430+1,304
Jun-2019 2,0211,161+860
Mar-2019 1,9411,078+863
Dec-2018 1,9081,099+809
Sep-2018 2,7521,282+1,470
Jun-2018 2,0151,637+378
Mar-2018 1,880746+1,134
Dec-2017 1,8371,444+393
Sep-2017 2,5962,088+508
Jun-2017 1,9581,473+485
Mar-2017 1,921725+1,196
Dec-2016 1,7541,061+693
Sep-2016 2,4811,817+664
Jun-2016 1,8221,550+272
Mar-2016 1,759790+969
Dec-2015 1,7181,291+427
Sep-2015 2,5231,728+795
Jun-2015 1,7151,521+194
Mar-2015 1,4831,193+290

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

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