Jump to Content

RDA Sydney

Latest News

  • 21 Feb 2018
    GO NSW Equity Fund makes first investment in agribusiness
  • 19 Feb 2018
    NSW scores a Productivity Commission and Chief Economist
  • 7 Feb 2018
    NSW Government invites companies to exhibit at CeBIT
  • 7 Feb 2018
    NSW Creative Achievement Awards
  • 6 Feb 2018
    WSA Co invities EOIs for Delivery Partner & Project Manager
  • 31 Jan 2018
    Jozefa Sobski AM
  • 31 Jan 2018
    Incubator Support Program information session

Regional Development Australia (RDA) is a partnership between the Australian, State, Territory and Local Governments to support the growth and development of Australia’s regions.  

There are 55 RDA committees around Australia with RDA Sydney covering the Greater Sydney region. 

RDA Sydney's purpose is to build partnerships between governments, key regional organisations, local businesses, community groups and key regional stakeholders to provide strategic and targeted responses to economic, environmental and social issues affecting Sydney. 

RDA Sydney believes ongoing, economic analysis for the “Whole of Sydney” Metropolitan Region is critical for current and future planning and decision making.

Sydney’s economy continues to go from strength to strength. The latest update to RDA Sydney’s Economic Baseline Assessment shows the economy growing at an average annual rate of 2.6% over the 5 years to 2015-16. This is an incredible result given the disruptive forces at work in the domestic and international economies.


Particular industry sectors have been at the forefront of this growth. If we classify industry sectors according to the broad categories of industrial, population-serving and knowledge-intensive industries, then it is evident that the highest growth in both absolute and proportional terms comes from the knowledge-intensive industries. A staggering 44% of Sydney’s gross value add comes from these industries, growing at 4.3% p.a. over the past 5 years.


Of these knowledge-intensive industries, financial and insurance services followed by professional, scientific and technical services are the strongest in terms of absolute value. These industries are primarily clustered around the Sydney CBD and northern Sydney, driven by the benefits of agglomeration.


The industrial sector shows mixed results with manufacturing declining in terms of gross value added by 3.0% p.a. over the past 5 years. This is consistent with long-term trends in manufacturing but, arguably, is also influenced by certain service aspects of the sector being sourced out to the services sector rather than being conducted in-house. Wholesale trade has also grown strongly over the past 5 years with growth of 3.2% p.a.


Population-serving industries have shown an overall growth of 2.8% p.a., higher than the population growth rate of 1.7% and driven by construction, retail trade and health care.

 

 

Sydney's Economy

Information on Sydney's Economy, included the latest economic data.

Grants & Funding

The latest grants & assistance programs available within the Sydney Region.

Submissions & reports

Access RDA Submissions & Reports here.

RDA Sydney Projects

RDA Sydney project and activity information.

 

 

Last Updated: 21 Feb 2018