Economic Profile

With a Gross Domestic Product of over $71.5 million (2005), the Western Sydney region represents around 10% of the national economy with Parramatta as its economic hub. This figure is expected to grow as 250,000 new jobs are forecast for Western Sydney over the next 25 years.

Parramatta has Australia’s third largest regional economy after Sydney and Melbourne. The City's growing population, low unemployment and a large skilled work force offers a number of distinct advantages for business.

Centrally located, Parramatta is easily accessible by road, rail and ferry with over 50,000 people coming into the City's CBD on a daily basis.

Key indicators of Parramatta’s flourishing growth can be observed in its economic output which is currently over $10 billion, growing employment numbers, and the expansion of commercial floor space.

Importantly, the City's 86,000 strong workforce is projected to grow by 30,000 over the next 25 years across a range of industry sectors.

For more details click on the following links:

• Employment profile
• Industry overview
• Commercial property market
• Future growth