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New South Wales (NSW) is the largest and most diverse state economy in Australia.

A$577 billion economy, home to 7.9 million people.
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Key sectors in NSW

With state-of-the-art facilities and cutting edge technology throughout Regional NSW, advanced manufacturing is supplying some of the world's largest multinational companies and driving economic growth.
Regional NSW is known the world over for its safe, high quality food products and an innovation-fuelled agribusiness sector that benefits from optimal growing conditions.
The steady growth of the NSW economy is underpinned by a highly active regional construction sector, with opportunities for new entrants in the public and private sector.
Home to some of Australia’s most significant military bases, Regional NSW has a number of defence industry clusters co-located with major international primes.
Regional NSW's A$1.9 billion education sector serves a growing domestic and international market, while also providing local employers with the right skills for future growth.
With Asian markets on our doorstep and significant global demand for softwood, Regional NSW's forestry sector is fuelling the construction and manufacturing powerhouses of today and tomorrow.
Freight, logistics and distribution services are the backbone of Regional NSW, connecting businesses to markets in Australia and across the world.
Increasing life expectancy and a growing population are driving demand for high quality health and aged care facilities in Regional NSW.
Birthplace of BHP, Regional NSW has been a significant source of high-quality resources for over a century, with potential to serve industries of the future with lithium and rare earth deposits. Our reserves of coal, gold, copper, zinc, lead, silver, nickel and cobalt enjoy high demand.
NSW has the largest professional services industry in Australia. Broadband internet, lower costs and a skilled workforce position Regional NSW for further investment in this sector.
Supported by Government and backed by demand, Regional NSW has optimal conditions for wind, hydro and solar energy generation, and a network of high-voltage transmission lines to support further investment.
Our region's diverse natural beauty, country hospitality and excellent food and wine are drawing more visitors from Australia and the world every year.

Key regions in NSW

Central Coast

Central Coast

Region opportunities
  • Agribusiness and food
  • Health and aged care
  • Freight, logistics and distribution
  • Professional and financial services
Central West and Orana

Central West and Orana

Region opportunities
  • Agribusiness and food
  • Mining and resources
  • Tourism
  • Health and aged care
Far West

Far West

Region opportunities
  • Agribusiness and food
  • Mining and resources
  • Tourism
  • Renewable energy
Hunter

Hunter

Region opportunities
  • Advanced manufacturing
  • Tourism
  • Education
  • Defence and aerospace
Illawarra-Shoalhaven

Illawarra-Shoalhaven

Region opportunities
  • Advanced manufacturing
  • Professional and financial services
  • Defence and aerospace
New England and North West

New England and North West

Region opportunities
  • Agribusiness and food
  • Freight, logistics and distribution
  • Renewable energy
North Coast

North Coast

Region opportunities
  • Agribusiness and food
  • Advanced manufacturing
  • Tourism
Riverina-Murray

Riverina-Murray

Region opportunities
  • Agribusiness and food
  • Forestry
  • Advanced manufacturing
South East and Tablelands

South East and Tablelands

Region opportunities
  • Agribusiness and food
  • Tourism
  • Renewable energy
 
 

New South Wales: Australia's leading state

New South Wales (NSW) is Australia’s largest state economy, accounting for a third of the nation’s economic output and home to more than 30% of all Australians. Strategically located on the east coast of Australia, NSW sits on the Pacific Rim with access to Asian, American and European markets.

The world famous city of Sydney is NSW’s cosmopolitan capital and the most populous city in Australia and Oceania. Sydney is renowned for its financial services, ICT and construction industries, and a vibrant arts, culture and film sector.

Beyond Sydney is the vast, resource-rich area of Regional NSW.

Regional NSW is the largest and most diverse regional economy in Australia, comprising one-third of the NSW economy. Investing and doing business in Regional NSW offers a strategic location that can leverage off Sydney and link to growing domestic and international markets.

Regional NSW is rich in resources, talented labour and successful businesses, with lower living and operational costs than major cities. Diverse industry strengths have been developed using innovation and technology to add value and increase productivity.

NSW State key facts

Population
7.9 Million

Australia 24.5 million, NSW 7.9 million, Regional NSW 3 million.

Economy
A$577 Billion

Largest Australian state economy
2016-17

Growth
2.9%

State's economic growth
2016-17

Credit
Triple-A Rating

The highest possible credit rating

Employment
3.8%

NSW employment growth

Workforce
3.8 Million

32% of Australian total

Infrastructure
A$72.7 Billion

Infrastructure investment 2017-2021

Exports
A$78 Billion

21% of Australian exports

Sources: ABS (3101.0, 3218.0, 5220.0, 5368.0 and 6202.0), NSW Budget 2017-18 statements, Australian National Accounts: State Accounts 2016-17, Moody's and Standard & Poor's.

 

NSW's GDP compared to select countries 2015-16

Chart showing economic output of NSW and other states compared to select countries from 2015 to 2016

Chart showing economic output of NSW and other states compared to select countries from 2015 to 2016

Source: IMF, SGS Economics and Planning, Fairfax Media

 

NSW's GDP compared to select countries 2015-16
State/Country Value(Unit:$b)
New South Wales 400.00
Thailand 391.00
South Africa 280.00
Chile 235.00
Romania 187.00
Sri Lanka 82.00
Paraguay 27.00
Papua New Guinea 20.00

Source:IMF, SGS Economics and Planning, Fairfax Media