New South Wales Overview Report

Product Description

New South Wales lies on the east coast of Australia, between Queensland and Victoria. Sydney is Australia’s premier gateway, the State capital and Australia’s largest city, and is easily reached by frequent flights from Asia, Europe, North America and Oceania. The NSW economy is the largest and most diverse economy in Australia, contributing about one third of the nation’s Gross Domestic Product. NSW has the largest manufacturing industry in Australia, contributing $31.4 billion in 2005-06 to the State’s economy. The NSW economy is larger than many national economies in the Asia Pacific including Singapore, Malaysia and the Philippines, and 84 per cent of the State’s industry income is derived from services. Home to 7.1 million people, NSW has 32% of Australia’s population, making it Australia’s biggest market. The capital of NSW, Sydney, is the business hub of Australia and a leading financial centre in the Asia Pacific. It accounts for almost one quarter of Australia’s total annual output of goods and services. The Australian economy has consistently been recognized as one of the most resilient in the world, with a strong record of economic growth and stability. Its workforce of 3.5 million is the largest of any Australian State. The Sydney central business district (CBD and popularly referred to as the City) is the main commercial centre of Sydney, New South Wales, Australia. Sydney is the largest and most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia’s south-east coast of the Tasman Sea. Sydney is one of the best places in the world to invest. NSW stands out from other locations because of its diverse economy. Over 80% of industry income is generated from services and NSW also has the largest manufacturing sector in Australia. Each year there is over $50 billion in private sector investment in NSW.