Australia's largest economy and the epicentre of its manufacturing base, New South Wales boasts a rich diversity of industries, a strong research and innovation culture, and one of the world's finest political, regulatory and financial regimes.
NSW is a world leader in professional and financial services. This, combined with the state's richness in natural resources, and one of the most highly educated and multilingual workforces in the world, all add up to a compelling economic story, making it a truly global place to do business.
In fact, the total value of goods and services produced in NSW annually is larger than that of many national economies in the Asia-Pacific region.
Poised for further growth
NSW has established a sound platform to continue on its economic growth trajectory. It continues to attract strong investment to its major industry sectors from all over the world.
26 years of uninterrupted growth and triple-A credit rating
This globally recognised ranking reflects the state's sound record of financial performance, diverse economic base and capacity to withstand changing economic circumstances. The state's economy has enjoyed 26 years of uninterrupted growth, giving it a triple-A credit rating from global agencies Standard & Poor's and Moody's.
As a regional hub for information and communications technology, biotechnology and education services, NSW is at the forefront of research and innovation into the technologies that will drive the digital economy of the future.
Sydney and regional NSW leading the way
Sydney, in particular, has a well-deserved reputation as a global leader in finance and banking, legal and accounting services, prompting many of the world's leading multinationals to establish their regional headquarters in the city.
Outside of Sydney, the state's mining and agribusiness sectors are feeding emerging markets such as China and India to meet their growing demands for coal, natural gas and food.