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Australian city economic rankings

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According to statistics from the Australian Bureau of Statistics (ABS) for the 2022-2023 fiscal year, the economic rankings of Australian cities are as follows:

RankingCityareaTotal economic output (AUD 100 million)
1SydneyNew South Wales441.7
2MelbourneVictoria418.6
3BrisbaneQueensland251.2
4PerthWestern Australia191.6
5AdelaideSouth Australia128.3

The economic rankings of Australian cities are usually determined based on a range of indicators, including factors such as the city's economic growth rate, employment rate, cost of living, house prices, business environment, innovation and infrastructure. Below are some common economic rankings of Australian cities, but please note that these rankings may change over time and depend on a variety of factors.

  1. Sydney: Sydney is Australia's largest city and one of the most economically powerful. It has a significant influence in finance, real estate, technology and innovation. Sydney has a high cost of living and high housing prices, but also offers many high-paying jobs and business opportunities.
  2. Melbourne: Melbourne excels in culture, arts, education and innovation. It is considered one of the most livable cities in Australia and has a strong economic performance. Melbourne's house prices are relatively low and the cost of living is lower than Sydney.
  3. Brisbane: Brisbane is the capital of Queensland and one of Australia's fastest growing cities. It has a strong economy in mining, energy, tourism and education, attracting many businesses and immigrants.
  4. Perth: Perth is located in Western Australia and is an important center for resources and mining. Although it has experienced some challenges in recent years due to fluctuations in resource prices, Perth remains one of Australia's wealthiest cities.
  5. Adelaide: Adelaide is the capital of South Australia, famous for its clean air, high quality of life and scientific research institutions. It has a significant economic performance in the fields of defense, technology and medicine.
  6. Canberra: Canberra is the capital of Australia, with government departments and public administration as its main economic pillars. It also has a certain presence in the fields of high technology and education.

The economic ranking of Australian cities is mainly evaluated based on the following factors:

  • Gross Regional Product (GDP)
  • Employment
  • Business Activities
  • Infrastructure
  • Human Capital

The Australian government has been committed to promoting the economic development of various cities and enhancing their economic competitiveness by providing infrastructure construction, industrial policy support and other measures.

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