Willoughby City

Business trends

The number of GST registered businesses in the Willoughby City increased by 109 in the Jun-24 Quarter. There were 351 new GST registrations and 242 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
Willoughby City - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 351242+109
Mar-2024 375182+193
Dec-2023 315250+65
Sep-2023 402318+84
Jun-2023 323204+119
Mar-2023 329215+114
Dec-2022 303236+67
Sep-2022 417360+57
Jun-2022 328198+130
Mar-2022 366202+164
Dec-2021 306204+102
Sep-2021 444337+107
Jun-2021 376191+185
Mar-2021 375183+192
Dec-2020 337162+175
Sep-2020 458310+148
Jun-2020 238137+101
Mar-2020 341172+169
Dec-2019 333226+107
Sep-2019 467281+186
Jun-2019 340201+139
Mar-2019 336189+147
Dec-2018 300147+153
Sep-2018 468282+186
Jun-2018 349284+65
Mar-2018 367134+233
Dec-2017 324204+120
Sep-2017 488393+95
Jun-2017 346280+66
Mar-2017 363136+227
Dec-2016 324160+164
Sep-2016 519428+91
Jun-2016 325288+37
Mar-2016 299161+138
Dec-2015 263259+4
Sep-2015 433355+78
Jun-2015 268305-37
Mar-2015 264233+31

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

Please refer to specific data notes for more information

Willoughby City Council

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