Toowoomba

Business trends

There were an estimated 18,437 total GST registered businesses in Toowoomba in the Mar-24 quarter. There were 452 new businesses and 253 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.

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 August 2024

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Business trends by industry sector
Toowoomba - All industries
QuarterNumber of registered businessesNew GST RegistrationCancelled GST RegistrationNet change
Mar-2024 18,437452253+199
Dec-2023 18,238430358+72
Sep-2023 18,166609498+111
Jun-2023 18,055436301+135
Mar-2023 17,920539269+270
Dec-2022 17,650479308+171
Sep-2022 17,479685532+153
Jun-2022 17,326485275+210
Mar-2022 17,116453245+208
Dec-2021 16,908419271+148
Sep-2021 16,760698495+203
Jun-2021 16,557428264+164
Mar-2021 16,393456258+198
Dec-2020 16,195355215+140
Sep-2020 16,055542328+214
Jun-2020 15,841335170+165
Mar-2020 15,676376162+214
Dec-2019 15,462296261+35
Sep-2019 15,427473384+89
Jun-2019 15,338342206+136
Mar-2019 15,202329173+156
Dec-2018 15,046303173+130
Sep-2018 14,916501257+244
Jun-2018 14,672325348-23
Mar-2018 14,695362163+199
Dec-2017 14,496339255+84
Sep-2017 14,412483372+111
Jun-2017 14,301355351+4
Mar-2017 14,297354168+186
Dec-2016 14,111322231+91
Sep-2016 14,020515471+44
Jun-2016 13,976336375-39
Mar-2016 14,015324202+122
Dec-2015 13,893322307+15
Sep-2015 13,878447437+10
Jun-2015 13,868318405-87
Mar-2015 13,955301282+19

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

Please refer to specific data notes for more information

Toowoomba Regional Council

economic profile