2021-12-13 GC Agenda - Item 9 - Attachment 2-Noosa Economic Plan Review Update Report 2021

                                         NOOSA LEP REVIEW - ECONOMIC ANALYSIS REPORT - Draft Report


3.2        Business Counts
The Noosa economy is dominated by small businesses (98.2% of all businesses have 19 employees or
fewer, Figure 3.4). This structure is similar to most local economies in Australia. Most of the top
industries by number of businesses (construction, ‘rental, hiring and real estate’ and professional
services) are typical industries where there is a great number of individual traders, owner/operators
and small businesses. The industry sector with the largest number of large businesses is
accommodation and food services, representing large hotel businesses in Noosa.
It is important to note that the Australian Bureau of Statistics (ABS) excludes the general
government institutional sector from business counts data, which particularly impacts business
counts in the public administration and safety, education and training, and health care and social
assistance industries.

 Business Counts from the ABS
 It is important to keep in mind that this data reflects the registered business address of companies
 (only), so larger businesses such as Coles, Woolworths and other major retail businesses may not
 be captured in the data. The ABS also often exclude sole traders and focuses on businesses with
 active ABNs that are registered for GST.

Figure 3.4. Business Counts, Noosa, 2020
                                  1.8%        0.0%




      34.6%
                                                                           Non employing

                                                                           1-19 Employees

                                                                           20-199 Employees

                                                                           200+ Employees

                                                                63.5%




Note: Location based on registered address of businesses.
Source: economyID (2021).




                                                                                                        8