Toowoomba

Business trends

The number of GST registered businesses in the Toowoomba increased by 185 in the Jun-24 Quarter. There were 474 new GST registrations and 289 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
Toowoomba - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 474289+185
Mar-2024 453255+198
Dec-2023 438360+78
Sep-2023 622498+124
Jun-2023 435304+131
Mar-2023 541269+272
Dec-2022 480303+177
Sep-2022 684528+156
Jun-2022 479273+206
Mar-2022 449244+205
Dec-2021 419267+152
Sep-2021 699492+207
Jun-2021 427264+163
Mar-2021 456259+197
Dec-2020 350216+134
Sep-2020 540325+215
Jun-2020 330168+162
Mar-2020 376160+216
Dec-2019 297261+36
Sep-2019 471384+87
Jun-2019 343206+137
Mar-2019 329175+154
Dec-2018 303173+130
Sep-2018 501258+243
Jun-2018 324347-23
Mar-2018 362163+199
Dec-2017 338253+85
Sep-2017 485372+113
Jun-2017 354348+6
Mar-2017 354166+188
Dec-2016 321231+90
Sep-2016 515473+42
Jun-2016 334376-42
Mar-2016 324203+121
Dec-2015 322305+17
Sep-2015 451436+15
Jun-2015 317406-89
Mar-2015 301280+21

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