Economy of New South Wales

The economy of New South Wales represents a significant proportion of the Australian economy. The economy was valued at A$660.6 billion in 2021-22,[1] representing 30.6% of Australia's total GDP.[1]

Economy of New South Wales
The Sydney Opera House and CBD at dusk from Jeffrey Street, Kirribilli in December 2008.
CurrencyAustralian Dollar (A$ or AUD)
1 July - 30 June
Statistics
GDP growth
1.8% (2021/22) [1]
GDP per capita
A$81,612 (2021/22)
Unemployment3.6% (August 2023) [2]
Main industries
Services, mining, industrial and transportation equipment, food processing, chemicals, steel
External
ExportsA$120.3 billion (2021/22) [1]
Export goods
Coal, Gold, Wheat, Aluminium, Refined Petroleum, Beef, Meat (Excl. Beef), Medical Instruments, Measuring & analysing instruments, Oil-seeds & oleaginous fruits (Soft).
Main export partners
 Japan 28.7%
 South Korea 9.1%
 Taiwan 7.8%
 China 5.9%
 United States 5%
ImportsA$187.1 billion (2021/22) [3]
Import goods
Telecom equipment & parts, Refined petroleum, Computers, Medicaments (incl veterinary), Goods vehicles
Main import partners
 China 29.7%
 United States 10.5%
 Japan 5.0%
 South Korea 4.7%
 Germany 4.5%
All values, unless otherwise stated, are in US dollars.
  1. ^ a b c Australian Bureau of Statistics (ABS) (18 November 2022). "Australian National Accounts: State Accounts, Cat. No. 5220.0, Canberra". Retrieved 19 September 2023.
  2. ^ Australian Bureau of Statistics (ABS) (14 September 2023). "Labour Force, Australia". Retrieved 19 September 2023.
  3. ^ Market Information and Research Section DFAT (December 2022). "New South Wales (fact sheet)" (PDF). Based on DFAT STARS database and ABS catalogues 3101.0, 5220.0, 5368.0, 5368.0.55.003/4 and 6202.0. Archived from the original on 12 May 2022. Retrieved 19 September 2023.{{cite web}}: CS1 maint: bot: original URL status unknown (link)

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