Economy

The North Sydney Local Government Area (LGA) is located in Sydney’s inner northern suburbs, in close proximity to the City of Sydney, and covers ten square kilometres.

The LGA houses 15,278 businesses, and provides 92,467 jobs. The Gross Regional Product is estimated at $16.74 billion, which represents 3.2% of the state's GSP (Gross State Product).

There is a relative specialisation in knowledge service jobs and industries. The largest employing industries are: 

  1. Professional, Scientific and Technical Services – 24.6%

  2. Financial and Insurance Services – 21.5%

  3. Rental, Hiring and Real Estate Services – 13.1%

  4. Health Care and Social Assistance – 5.9%

  5. Construction – 5.2%

There are two central business districts (CBDs) – North Sydney CBD and St Leonards CBD, and several commercial centres, including Cammeray, Cremorne, Crows Nest, Kirribilli, Neutral Bay, and Waverton. For more information, visit Commercial Centres.

Council has developed the Economic Development Strategy to outline Council's vision for economic development in a consolidated policy document. The document also clearly defines Council's role in economic development. The Economic Development Strategy sets out a coordinated plan and function to facilitate the continued economic growth of North Sydney.

For more information about the economy of North Sydney, visit Community Profiles.

To keep up-to-date on business in North Sydney, subscribe to North Sydney Business E-News.