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Economic Profile

Sydney is a global city, representing an important hub within the Asia Pacific region and the financial centre of the Australian economy.

According to Mercer Human Resource Consulting, the publishers of the 2010 Quality of Living Survey, there are few better places than Sydney (10^th place worldwide)
As a business location, in 2009 Sydney was ranked 3rd in Asia and 22nd in the world for social and economic innovation in the 2thinknow Innovation Cities Index
Sydney regularly appears in a variety of global city rankings of liveability and commerce, competing with Melbourne and Auckland for top rankings in Australia and New Zealand
Sydney is the leading tourist destination for international travel in Australia
As home to over 4.1 million inhabitants and more than 426,000 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 seaports close to the CBD. Both Sydney’s rail network and its international airport are the largest facilities of their type in Australia
The Sydney Metropolitan Region economy is globally significant and is approximately the same size as the Thailand economy
The financial and insurance services sector accounts for over a fifth of the Sydney Metropolitan Region’s GRP
Other key industries in the Sydney Metropolitan Region include manufacturing (10.0%), professional, scientific and technical services (9.3%) and wholesale trade (6.4%)
The largest industries by employment are retail trade followed by health care, social assistance and manufacturing
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

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