GWS is one of Australia’s largest and most diverse economies with a Gross Regional Product (GRP) estimated at $76.4 billion in 2006-07. This figure represents real annual growth of 3.3% over the previous year. It positions GWS as one of Australia’s fastest growing regional economies.
The importance of GWS to the State economy continues to increase with the region growing nearly twice as fast as the state average in 2006-07. This represents over one third of the Sydney GRP and over one fifth (22%) of the NSW Gross State Product (GSP).
The GWS economy is fuelled by a labour force of more than 900,000 people with all ranges of educational and vocational attainment.
Parramatta is considered to be the capital of GWS and is the region’s major business services centre. 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. 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.
The City's growing population, low unemployment and a large skilled work force offers a number of distinct advantages for business.
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