Sydney is recognised as Australia’s only global city and the leading knowledge-based economy in the nation.
More than $108 billion is generated each year within the City of Sydney local area (2013/14 figures) representing over 7% of Australia's economy and providing over 437,000 jobs across all skills levels that offer diverse opportunities for diverse communities.
Despite the growth of business districts such as North Sydney, Parramatta, Macquarie Park, Olympic Park and the growth corridor to the north-west, the City of Sydney has maintained its pre-eminent role thanks to its large economic base including a dense network of globally competitive industries, well-developed infrastructure, good governance, and outstanding amenities and living environment.
Over the past 5 years our economy has proven its resilience by withstanding the global financial crisis. The number of businesses in the city grew by more than 2,000 between 2007 and 2012. However, this does not mean the City’s economy is not faced with challenges that need to be addressed to maintain continued growth and Sydney’s global reputation for liveability.
The City's 10-year economic development strategy will help deliver our vision for a dynamic, environmentally sustainable economy and a liveable city that works for residents, workers, visitors and students.