Industry development

The economy of New South Wales benefits greatly from its mix of diversified industries. Traditional manufacturing, mining and agribusiness sectors have provided a firm foundation for diversification into high-growth areas such as aquaculture, biotechnology, ICT and viticulture.

NSW is renowned for its world-class professional services offerings, highlighting the state's strength in knowledge-based businesses and 90% of international banks operating in Australia are headquartered in Sydney, and the city is home to more than 60% of Australia's regional ICT headquarters and operations centres.

  1. Construction workers

    Infrastructure and construction

    NSW has the largest number of companies dedicated to providing architectural, engineering, surveying, and property and business services of any Australian state.

  2. Three scientists in lab coats

    Medical technology

    The medical technology industry is the largest in Australia, generating an estimated $4.8 billion in revenue per year and employing around 7,000 people.

  3. Mining, resources and energy sector

    Mining and resources

    Mining, resources and energy is a booming part of the NSW economy, driven by large and diverse mineral and gas deposits, exploration projects. It benefits from NSW's highly-skilled workforce.

  4. Renewable energy sector

    Renewable energy and sustainability

    NSW has the largest renewable energy and sustainability sectors in Australia, backed by major government and private sector initiatives.

  5. Harbour Bridge and Opera House


    NSW is the crown jewel in one of the world's premier tourist destinations. More people holiday in NSW than anywhere else in Australia.