About Sydney, Australia
Sydney is a modern, prosperous city with the
highest median household income of any major city in
The largest economic sectors in Sydney, measured by numbers
of people employed, include property and business services,
retail, manufacturing, and health and community services.
Since the 1980s, jobs have moved from manufacturing to the
services and information sectors. Sydney provides approximately
25 percent of the country's total GDP.
Sydney is the largest corporate and financial centre in
Australia and is also an important financial centre in the Asia
The Australian Securities Exchange and the Reserve Bank of
Australia are located in Sydney, as are the headquarters of 90
banks and more than half of Australia's top companies, and the
regional headquarters for around 500 multinational
Of the ten largest corporations in Australia (based on
revenue), four have headquarters in Sydney (Caltex Australia,
the Commonwealth Bank, Westpac, and Woolworths). Fox Studios
Australia has large movie studios in the city.
The Sydney Futures Exchange (SFE) is one of the Asia
Pacific's largest financial futures and options exchanges, with
64.3 million contracts traded during 2005.
In global terms it is the 12th largest futures market in the
world and the 19th largest including options. Tourism plays an
important role in Sydney's economy, with 7.8 million domestic
visitors and 2.5 million international visitors in 2004.
Sydney's retail environment is flourishing, with many
shopping centres and retail outlets throughout the city.
Premier locations in the central city include the Queen
Victoria Building on George Street, the pedestrian mall on Pitt
Street and the quieter, northern end of Castlereagh St. Along
the latter are most of the international luxury boutiques in
Sydney such as Jimmy Choo, Versace, Gucci and Chanel. Many of
the large regional centres around the metropolitan area also
contain large shopping complexes.
Other Major Cities:
- Gold Coast
- Sunshine Coast