In June 2021, the Australian Bureau of Statistics counted the number of businesses currently active in Australia. That number was 2,402,254.
This includes new startups, and removing businesses that folded. 2020 was definitely a hard year for everyone but especially for small business owners.
Statistically speaking, it was encouraging to see over 365,000 new businesses startup. Whilst just under 280,000 businesses wound up. This equates to a net increase of 3% which is great to see.
The industry that saw biggest increase were unsurprisingly Construction, Professional Technical and Health Care.
On the flip side, the industries that contracted were Transport, Postal and Warehousing.