Wollongong City

Business trends

The number of GST registered businesses in the Wollongong City increased by 162 in the Jun-24 Quarter. There were 500 new GST registrations and 338 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
Wollongong City - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 500338+162
Mar-2024 493328+165
Dec-2023 497428+69
Sep-2023 764565+199
Jun-2023 476356+120
Mar-2023 536320+216
Dec-2022 490415+75
Sep-2022 751539+212
Jun-2022 540286+254
Mar-2022 545260+285
Dec-2021 498332+166
Sep-2021 733431+302
Jun-2021 487255+232
Mar-2021 495272+223
Dec-2020 373228+145
Sep-2020 609298+311
Jun-2020 348168+180
Mar-2020 419273+146
Dec-2019 403283+120
Sep-2019 589398+191
Jun-2019 391247+144
Mar-2019 455206+249
Dec-2018 393191+202
Sep-2018 626294+332
Jun-2018 430368+62
Mar-2018 428180+248
Dec-2017 343260+83
Sep-2017 621412+209
Jun-2017 431354+77
Mar-2017 397166+231
Dec-2016 341276+65
Sep-2016 588529+59
Jun-2016 352407-55
Mar-2016 340195+145
Dec-2015 323318+5
Sep-2015 569425+144
Jun-2015 342388-46
Mar-2015 316298+18

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

Please refer to specific data notes for more information

Wollongong City Council

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