8165.0 - Counts of Australian Businesses, including Entries and Exits , Jun 2007 to Jun 2011
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/01/2012
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Business numbers rise
The number of actively trading businesses in Australia increased by 3.6% in 2009-10 and 0.4% in 2010-11 according to figures released today by the Australian Bureau of Statistics (ABS). This is due to an increase in new business registrations, as well as a decline in the exit rate of businesses.
In June 2011, Australia had more than 2.1 million businesses. The greatest number of Australian businesses were in the construction industry (17%), followed by professional, scientific and technical services (12%) and rental, hiring and real estate services (11%).
Both the agriculture, forestry and fishing industry and the manufacturing industry have recorded a decline in numbers every year since 2007.
In 2009-10, every state and territory recorded an increase in the number of businesses. However, in 2010-11, Queensland, South Australia and Tasmania all recorded a decrease in business numbers.
With the vast majority (96%) of Australian businesses being small businesses, in June 2011 the ABS found that:
Further details can be found in Counts of Australian Businesses, including Entries and Exits (cat. no. 8165.0), available for free download from the ABS website www.abs.gov.au
When reporting ABS data the Australian Bureau of Statistics (or the ABS) must be attributed as the source.
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