Tuesday, May 21, 2013

How relevant business starts & exits data?

 The ABS has today posted an analysis of business starts and exits between 2008 and 2012 based, I think, on ABN data. Sadly it is only in PDF rather than an excel download! However, when it comes to state divergences:


! The state with the highest number of businesses operating in 2011–12 was New South Wales (710,733). This was followed by Victoria (551,220), Queensland (428,515), Western Australia (221,918), South Australia (148,138), Tasmania (38,658), the Australian Capital Territory (26,016) and the Northern Territory (14,669).
 

! The largest increase in businesses for a single state was in Victoria (7,291). This was followed by New South Wales (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 rate was seen in the Australian Capital Territory (59.0%)
 
 
Queensland showed the largest decrease of any state in the year to June 30, 2012. However it is interesting that the boom state of W.A. also declined over the year. Also, over the 4 year period the highest survival rate was in the economically languishing Tassie!
 
As previously posted on bankruptcy data one needs to be careful in interpreting this kind of data: Liars, Damned liars & Steve Lewis
 
 
 
 
 






 
 
 

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