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| Sydney CBD Sydney, New South Wales | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Sydney city centre | |||||||||||||||
  Sydney CBD | |||||||||||||||
| Coordinates | 33°52′8″S 151°12′30″E / 33.86889°S 151.20833°E | ||||||||||||||
| Population | 16,667 (SAL 2021)[1] | ||||||||||||||
| Postcode(s) | 2000 | ||||||||||||||
| Elevation | 58 m (190 ft) | ||||||||||||||
| Area | 2.8 km2 (1.1 sq mi) | ||||||||||||||
| LGA(s) | City of Sydney | ||||||||||||||
| State electorate(s) | Sydney | ||||||||||||||
| Federal division(s) | Sydney | ||||||||||||||
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The Sydney central business district (CBD) is the historical and main commercial centre of Sydney. The CBD is Sydney's city centre, or Sydney City, and the two terms are used interchangeably. Colloquially, the CBD or city centre is often referred to simply as "Town" or "the City". The Sydney city centre extends southwards for about 3 km (2 mi) from Sydney Cove, the point of first European settlement in which the Sydney region was initially established.
The Sydney CBD is Australia's main financial and economic centre, as well as a leading hub of economic activity for the Asia Pacific region.[2] 40.7 % of businesses in the CBD fall within the ‘Finance and Financial Services’ or ‘Professional and Business services’ category.[3] It is ranked overall #16[4] in the 2024 Oxford's Global Cities Index and amongst the top 10 cities in the Human Capital category.[5] Approximately 15% of Sydney's total workforce is employed within the CBD.[6] In 2012, the number of workers operating in the city was 226,972.[7] Based on industry mix and relative occupational wage levels it is estimated that economic activity (GDP) generated in the city in 2015/16 was approximately $118 billion.[8]
Culturally, the city centre is Sydney's focal point for nightlife and entertainment, and is also home to some of the city's most culturally significant buildings and structures.[9]
- ^ Australian Bureau of Statistics (28 June 2022). "Sydney Central Business District (suburb and locality)". Australian Census 2021. Retrieved 20 August 2022.
- ^ Australia, Tourism (18 November 2021). "Sydney Industry Sectors - Business Events - Tourism Australia". businessevents.australia.com. Archived from the original on 19 June 2023. Retrieved 19 June 2023.
- ^ "Commission into the Future of the Sydney's Central Business District (CBD)–Challenges and opportunities" (PDF). ARUP Committee for Sydney. 9 February 2021.
- ^ "Sydney ranked among the top twenty cities around the world based on a huge range of indicators on Oxford Economics' inaugural Global Cities Index". Time Out. 22 May 2024.
- ^ "The 10 cities leading in human capital in 2024". Oxford Economics. 6 June 2024.
- ^ Terrill, Marion; Batrouney, Hugh; Hourani, Diana; Ha, James (November 2018). "2.1". Remarkably adaptive: Australian cities in a time of growth (PDF) (Report) (2018-13 ed.). Grattan Institute. ISBN 978-0-6483311-4-8.
- ^ "CBD and Harbour". City Of Sydney. 2012. Archived from the original on 5 August 2020. Retrieved 29 April 2019.
- ^ "Australia's economic activity heavily concentrated in Sydney and Melbourne". taxpayer.com.au. 21 August 2014. Archived from the original on 1 April 2015. Retrieved 31 March 2015.
- ^ "Australia's second largest city, one of the most important ports in the South Pacific and the home of many iconic cultural institutions". World Cities Culture Forum. 2024.
