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Economic Profile

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Sydney is a global city, representing an important hub within the Asia Pacific region and the financial centre of the Australian economy. Key aspects of Sydney's economy include:

  • As home to 4.3 million inhabitants and more than 451,000 businesses, Sydney, the capital of NSW, offers Australian and international companies a highly competitive base to expand in the world’s fastest growing region.
  • The city hosts a mature, globally connected economy serviced by an extensive road and rail network, as well as Australia’s major air and sea ports close to the CBD. Both Sydney’s rail network and its international airport are the largest facilities of their type in Australia. 
  • The financial and insurance services sector accounted for slightly less than one fifth of the Sydney Metropolitan Region’s GRP in 2011-12.
  • Other key industries in the Sydney Metropolitan Region include professional, scientific and technical services (9.0 per cent), manufacturing (7.2 per cent), and wholesale trade (5.3 per cent).
  • The largest industries by employment are health care and social assistance followed by professional scientific and technical services and then retail.
  • It is estimated that around half of Australia’s top 500 companies and two–thirds of regional headquarters of multinational corporations are located in NSW, with the majority in Sydney.
  • Sydney is the leading tourist destination for international travel in Australia.

Click here for more on Sydney's Economic Profile.

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Last Updated: 2 Oct 2014