Wollongong City

Business trends

There were an estimated 17,846 total GST registered businesses in Wollongong City in the Mar-24 quarter. There were 488 new businesses and 330 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

loading animation
loading animation
Business trends by industry sector
Wollongong City - All industries
QuarterNumber of registered businessesNew GST RegistrationCancelled GST RegistrationNet change
Mar-2024 17,846488330+158
Dec-2023 17,688491427+64
Sep-2023 17,624754564+190
Jun-2023 17,434477360+117
Mar-2023 17,317535325+210
Dec-2022 17,107488419+69
Sep-2022 17,038745537+208
Jun-2022 16,830544288+256
Mar-2022 16,574551261+290
Dec-2021 16,284498336+162
Sep-2021 16,122728431+297
Jun-2021 15,825487254+233
Mar-2021 15,592494271+223
Dec-2020 15,369373228+145
Sep-2020 15,224610297+313
Jun-2020 14,911351167+184
Mar-2020 14,727420272+148
Dec-2019 14,579404283+121
Sep-2019 14,458588401+187
Jun-2019 14,271391245+146
Mar-2019 14,125461206+255
Dec-2018 13,870393192+201
Sep-2018 13,669625293+332
Jun-2018 13,337430370+60
Mar-2018 13,277426182+244
Dec-2017 13,033344261+83
Sep-2017 12,950624412+212
Jun-2017 12,738434353+81
Mar-2017 12,657401166+235
Dec-2016 12,422342276+66
Sep-2016 12,356589530+59
Jun-2016 12,297353408-55
Mar-2016 12,352341196+145
Dec-2015 12,207322318+4
Sep-2015 12,203567427+140
Jun-2015 12,063343389-46
Mar-2015 12,109315299+16

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

economic profile