Change in number of businesses

This measure shows the annual change in the number of actively trading businesses in the ACT.

Small businesses are a critical part of the ACT’s diverse economy. They drive our economy, provide employment, support schools and charities, and contribute to social connection. Increases in the number of businesses operating in the ACT contribute to the positive wellbeing of our community.

The number of ACT businesses grew by 3.5% in 2022-23 - the highest growth in the country.

Over time, these results have remained positive. Since 2017-18, the ACT has reported business growth ranging from 2.8% to 7.7%, and the highest national growth rate since July 2019.

Industry gross value added growth

This measure shows the annual change in the value of goods and services produced by each industry in the ACT, after accounting for inflation. This is important because it helps us to understand the value different industries make to the ACT economy.

In 2021-22, growth was highest in:

• electricity, gas, water and waste services
• rental, hiring and real estate services
• transport, postal and warehousing services.

Services industries supporting the public sector also exhibited strong growth including:

• professional, scientific and technical services
• administrative and support services.

Growth was lowest in:

• retail trade
• accommodation and food services.

However, both these industries were affected by the COVID-19 health emergency.

Over time, most industries in the ACT have increased the value of goods and services they produce, with the following industries showing consistent growth since 2014-15:

• health care and social assistance
• professional, scientific and technical services
• information, media and telecommunications services.