Business & economy
Sydney is recognised as Australia’s only global city and the leading knowledge-based region in the nation.
Why we’re doing this
In 2018/19, around $140 billion was generated within our area representing over 7% of Australia's economy. This in turn provided over half a million jobs across all skills levels that offer diverse opportunities for diverse communities.
Despite the growth of business districts such as North Sydney, Parramatta, Macquarie Park, Olympic Park and the growth corridor to the north-west, we have maintained our pre-eminent role. This is due to our area's large economic base including a dense network of globally competitive industries, well-developed infrastructure, good governance, and outstanding amenities and living environment.
Over the past decade our economy has proven its resilience by withstanding both internal and external economic shocks such as the global financial crisis. The number of businesses in the city grew by nearly 4,000 between 2007 and 2017. However, this does not mean our economy is not faced with challenges that need to be addressed to maintain continued growth and Sydney’s global reputation for liveability.
Our 10-year economic development strategy will help deliver our vision for a dynamic, environmentally sustainable economy and a liveable city that works for residents, workers, visitors and students.
Action areas
Business & economy
Green economyBusiness & economy
International educationBusiness & economy
Night-time economyBusiness & economy
RetailBusiness & economy
Tech startupsBusiness & economy
Tourism

Strategies & action plans
Economic development strategy
City of Sydney News
News
Propel your business to the next levelOur retail innovation program: adapt and advance series is now calling for participants.12 January 2021News
Sydney New Year’s Eve 2020: Information for businessesThe NSW Government will strictly control public access around the harbour. Here’s what businesses in the area need to know.24 December 2020News
Santa���s Sydney shopping spreeFrom bikes to books, music to macarons – a local tour shows off the vibrant range of retailers ready and waiting for you.2 December 2020News
Alfresco city: New outdoor dining opportunities releasedCafes, bars, theatres and restaurants could benefit from easier ways to serve customers outdoors.30 November 2020News
Mandatory changes to Covid-19 check in for hospitality venues and other businessesNew rules are in place from 1 January 2021. Check you meet the requirements.24 November 2020News
Find a project collaborator for our new city centre grants Local Sydney tech platform Collabosaurus is connecting businesses and creatives on new grants to enliven our city centre.23 November 2020News
Covid-19 restrictions eased for hospitality venues and outdoor music performancesThe NSW Government has introduced changes to allow more people to dine out together and attend live music.20 October 2020News
Multi-million dollar investment for a 24-hour cityThe plan will see extended hours for cultural institutions and a festival of live music, outdoor dining and theatre performances over a 6 month period.6 October 2020News
Entrepreneur Tim Doyle on 2020 business pivots and opportunitiesMarketer and entrepreneur Tim Doyle of Koala and Pilot fame shares his thoughts on how Sydney businesses can cut through the noise at this uncertain time.29 September 2020News
Tech experts help reboot Sydney businesses Businesses and creatives can access experts from some of Australia’s fastest growing companies in our free new webinar series.28 September 2020