As the financial and economic hub of Australia, Sydney

As the financial and economic hub of Australia, Sydney has grown to become a wealthy and prosperous city. The largest economic sectors in Sydney, as measured by the number of people employed, include property and business services, retail, manufacturing, and health and community services.[58] Since the 1980s, jobs have moved from manufacturing to the services and information sectors. Sydney provides approximately 25 percent of the country's total GDP.[59] The Australian Securities Exchange and the Reserve Bank of Australia are located in Sydney, as are the headquarters of 90 banks and more than half of Australia's top companies, and the regional headquarters for around 500 multinational corporations.[59] Of the ten largest corporations in Australia by revenue,[60] four have headquarters in Sydney: Caltex Australia, the Commonwealth Bank, Westpac, and Woolworths. Of the 54 authorised deposit-taking banks in Australia, 44 are based in Sydney including nine of the 11 foreign subsidiary banks in Australia and all of the 29 local branches of foreign banks. Major authorised foreign banks in Sydney include Citigroup, UBS Australia, Mizuho Corporate Bank, HSBC Bank Australia and Deutsche Bank. Shopping locations in Sydney include Pitt Street, George Street, King Street, Market Street, and Castlereagh Street, shopping complexes such as the Queen Victoria Building and Westfield Sydney, arcades such as The Strand Arcade and Mid City Centre, and department stores such as Myer and David Jones, all of which are in the shopping district in the city centre, a place to find major international brand name labels. Also in the city centre is Chinatown, which includes Paddys Markets, which is Sydney's city markets, a place for bargain hunting.



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