Australian Bureau of Statistics releases latest business figures

The Australian Bureau of Statistics has released its latest figures for Australian business entries and exits, finding that, among other stats, there were 2,141,280 actively trading businesses in Australia at June 2012.

The Australian Bureau of Statistics has released its latest figures for Australian business entries and exits, finding that, among other stats, there were 2,141,280 actively trading businesses in Australia at June 2012, an increase of 8,868 (0.4%) businesses from 2011.

The figures from the Australian Bureau of Statistics Business Register cover such stats as rates of business entries to and exits from the Australian economy, and rates of business survival. Below is a quick summary of the ABS’ findings.

  • For the 2011–12 financial year, the entry rate (13.5%) of businesses was higher than the exit rate (13.1%), resulting in an increase in the number of overall businesses.
  • The entry rate of businesses decreased by 0.4 percentage points from 13.9% to 13.5% for the 2011–12 financial year. This was after a decrease of 2.8 percentage points (–48,543) in the 2010–11 financial year.
  • The exit rate of businesses decreased by 0.4 percentage points from 13.5% to 13.1% for the 2011–12 financial year. This was after an increase of 0.4 percentage points for 2010–11 financial year.
  • In terms of business survival rates, of the 2,071,360 businesses operating in June 2008, 84.6% were still operating in June 2009, 75.1% were still operating in June 2010, 67.9% were still operating in June 2011 and 61.8% were still operating in June 2012.
  • Of the 299,123 new business entries during 2008–09, 75.8% were still operating in June 2010, 60.5% were still operating in June 2011 and 51.0% were still operating in June 2012.

INDUSTRY

  • At June 2012, the ‘Construction’ industry had the highest number of businesses operating in Australia (347,197), followed by the ‘Professional, Scientific and Technical Services' (251,098) and 'Rental, Hiring and Real Estate Services' (225,013) industries.
  • At June 2012, the 'Electricity, Gas, Water and Waste Services' industry had the lowest number of businesses operating in Australia (5,833), followed by the 'Public Administration and Safety' (7,663) and 'Mining' (8,438) industries.
  • During the 2011–12 financial year, the 'Accommodation and Food Services' and 'Administrative and Support Services' industries had the highest entry rates of 16.7% and 16.4% respectively.
  • 'Agriculture, Forestry and Fishing' and 'Rental, Hiring and Real Estate Services' industries had the lowest entry rates of 6.5% and 8.8% respectively in 2011–12.
  • During the 2011–12 financial year, the 'Public Administration and Safety' and 'Administrative and Support Services' industries had the highest exit rates of 17.5% and 16.8% respectively.
  • 'Health Care and Social Assistance' and 'Agriculture, Forestry and Fishing' industries had the lowest exit rates of 8.1% and 9.4% respectively in the 2011–12 financial year.
  • The survival rates at June 2012 for businesses operating in June 2008 were highest for 'Health Care and Social Assistance' (73.1%) and 'Agriculture, Forestry and Fishing' (70.7%), followed by 'Rental, Hiring and Real Estate Services' (69.4%).
  • The survival rates at June 2012 for businesses operating in June 2008 were lowest for 'Public Administration and Safety' (50.9%), 'Accommodation and Food Services' (53.6%), followed by 'Administrative and Support Services' (54.3%).

MAIN STATE OF OPERATION

  • The state with the highest number of businesses operating in 2011–12 was NSW (710,733), followed by Victoria (551,220), Queensland (428,515), Western Australia (221,918), South Australia (148,138), Tasmania (38,658), the ACT (26,016) and the Northern Territory (14,669).
  • The largest increase in businesses for a single state was in Victoria (7,291), followed by NSW (3,849).
  • The largest decrease in businesses for a single state was in Queensland (–2,032). This was followed by Western Australia (–771).
  • The highest entry rate for a single state was in the Australian Capital Territory (15.7%). This was followed by the Northern Territory (15.0%).
  • The highest exit rate for a single state was in the Australian Capital Territory (14.1%). This was followed by Queensland (14.0%).
  • Of the businesses operating in June 2008, the highest survival rate in June 2012 was seen in Tasmania (65.6%) and South Australia (64.7%). The lowest survival rates was seen in the Australian Capital Territory (59.0%).

EMPLOYMENT SIZE RANGES

  • At June 2012, there were 835,187 'Employing' businesses and 1,306,093 'Non–employing' businesses.
  • There were 514,859 businesses that employed '1–4' employees, followed by 231,591 businesses that employed '5–19' employees, 82,326 businesses employing '20 –199' employees and 6,411 businesses that employed '200+' employees.
  • For the 2011–12 financial year, the highest amount of entries were seen in the '1–4' employment size range (15.2%), followed by 'Non–employing' businesses (14.7%).
  • The highest exit rate was in the 'Non–employing' businesses (16.2%), followed by the '1–4' employment size range (9.5%), and the '5–19' employment size range (6.2%).

ANNUAL TURNOVER SIZE RANGES

  • At June 2012, there were 597,930 businesses operating in the 'zero to less than $50k' turnover range, 739,869 businesses in the '$50k to less than $200k' turnover range, 673,065 businesses in the '$200k to less than $2m' turnover range and 130,416 businesses in the '$2m or more' turnover range.
  • During the 2011–12 financial year, entry rates were highest for businesses in the '$50k to less than $200k' (17.3%) turnover range, followed by businesses in the 'zero to less than $50k' turnover range (14.0%).
  • Exit rates were highest for businesses in the 'zero to less than $50k' (20.3%) turnover range, followed by businesses in the '$50k to less than $200k' turnover range (13.5%) in 2011–12.

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