Business & Industry in New South Wales
NSW Business Environment
Larger than Singapore, Malaysia and even Hong Kong, the NSW economy is a smart, progressive, competitive economic powerhouse on the doorstep of Asia in one of the most stable political and regulatory regions of the world.
The growth state
With world-leading infrastructure, cost-competitiveness, diversity of sectors and skills and government support, NSW has enjoyed a staggering 23 years of uninterrupted economic growth, which has been recognised with AAA sovereign credit ratings from both Standard Poor’s and Moody’s.
Financial and banking sector
The financial and banking services sector is the largest contributor to the state’s economy and increasing numbers of large multinationals are taking advantage of the positive economic environment to relocate their regional headquarters to Sydney.
Manufacturing, mining and agribusiness
Traditional manufacturing, mining and agribusiness sectors have also laid a solid foundation for diversification into high-growth areas such as aquaculture, biotechnology and information and communications technology. In fact, NSW is fast becoming a major regional hub for the ICT sector. It is this mixture of the old and the new which gives the state’s economy its vibrancy and progressiveness.
Page link: http://www.industry.nsw.gov.au/business-and-industry-in-nsw/nsw-business-environment
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