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Annual Report 2003/2004 Department of Business Industry and Resource Development



Annual Report 2003/2004 Department of Business Industry and Resource Development

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Tabled paper 1496


Tabled Papers for 9th Assembly 2001 - 2005; Tabled papers for 9th Assembly 2001 - 2005; Tabled Papers; ParliamentNT






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An nu al R ep or t BUSINESS AND INDUSTRY OVERVIEW This chapter on the Northern Territory economy provides an assessment of the important changes in businesses and industries and their contribution to economic growth in the Territory. These changes are outcomes sought by the department in its various activities to produce the outputs reported elsewhere in the Annual Report. The alignment of outputs to outcomes is required by Government and formally expressed in the Budget Paper 3. Business and industry worked throughout the year in partnership with government towards improving economic capacity, performance and sustainability to produce an equitable prosperity for the people of the NT. Capacity Business Framework The NT has around 17 655 private and public sector business entities' (including individuals, companies, partnerships, trusts and funds) active across all Australian New Zealand Standard Industry Classification sectors. Around 9 800 are non-agricultural private businesses registered in the NT. Of these, 9 100 (or 93% of the total) are small businesses with less than 20 employees and the balance are medium and large businesses with more than 20 employees. Sectors with highest number of businesses include construction and construction trade services (21%), property and business services (20%) and retail (12%). Some 149 business entities that are registered in both the NT and other States operate in the NT. Around 4 100 business entities are non-employing ones. Around 8 000 other business entities with some form of business/investment earned annual incomes above $10 000. 3 9 1 3 J 898 Figure 3: Number o f Business Entities by Industry Construction Property and Business Services Retail Trade Transport and Storage Agriculture, Forestry and Fishing Manufacturing Personal and Other Services Cultural and Recreational Services Finance and Insurance Health and Community Services Accommodation, Cafes and Restaurants Wholesale Trade Education -...1259 Communication Services 3 1 3 9 Government Administration and Defence 1105 Mining Not Stated ZH 3 784 H 3 460 ] 2 083 1 421 1 364 J 7 3 7 ] 692 m Z D 652 1562 500 162 24 Total: 17 655 0 500 1000 1500 2000 2500 3000 3500 4000 1 Including non-profit organizations and associations throughout the NT. 14 Department of Business, Industry & Resource Development