Economy, jobs and prices in New South Wales, Australia: official figures
The economy of New South Wales produced gross state product of $855,408 million in 2024-25 at current prices, 30.8% of Australian gross domestic product ($2,778,897 million), the largest of 8 among states and territories.
What is the GDP per capita of New South Wales?
Gross state product per person in New South Wales was $100,105 in 2024-25 at current prices, against $101,438 for Australia (4th highest of 8 states and territories).
Source: Australian Bureau of Statistics · saved copyHow fast is the economy of New South Wales growing?
The economy of New South Wales grew by 0.9% in real terms (chain volume measures) in 2024-25, compared with 1.4% for Australia (the slowest of 8 growth).
Source: Australian Bureau of Statistics · saved copyWhat is the unemployment rate in New South Wales?
The trend unemployment rate in New South Wales was 4.7% in September 2026, compared with 4.6% for Australia (4th highest of 8 states and territories). A year earlier it was 4.2%.
Source: Australian Bureau of Statistics · saved copyWhat is the labour force participation rate in New South Wales?
The labour force participation rate in New South Wales was 65.6% in September 2026 (trend), against 66.5% nationally (3rd lowest of 8 states and territories).
Source: Australian Bureau of Statistics · saved copyHow many people have jobs in New South Wales?
There were about 4,505 thousand employed people in New South Wales in September 2026 (trend), and 62.5% of the population aged 15 and over was in work, against 63.4% for Australia (3rd lowest of 8 states and territories).
Source: Australian Bureau of Statistics · saved copyWhat is the average salary in New South Wales?
The median employee income in New South Wales was $63,301 in 2022-23 (the mean was $78,078), 4th highest of 8 states and territories. Source: Australian Taxation Office data published by the ABS.
Source: Australian Bureau of Statistics · saved copyWhat is the median house price in New South Wales?
The median price of an established house sold in New South Wales in 2024 was $1,000,000 and of an attached dwelling (unit or townhouse) $763,000; houses were the most of 8 expensive of the eight states and territories.
Source: Australian Bureau of Statistics · saved copyHow many businesses are there in New South Wales?
New South Wales had 916,603 actively trading businesses at 30 June 2025, or 107 per 1,000 residents.
Source: Australian Bureau of Statistics · saved copyHow many new homes are being approved in New South Wales?
Building approvals in New South Wales covered 49,437 dwelling units in the year to June 2025, or 5.8 per 1,000 residents (3rd lowest of 8 states and territories).
Source: Australian Bureau of Statistics · saved copyWhat is the median household income in New South Wales?
The median weekly household income after adjusting for household size (equivalised) in New South Wales was $1,096 at the 2021 Census, and median rent was $420 a week and median mortgage repayment $2,167 a month.
Source: Australian Bureau of Statistics · saved copyHow many jobs are there in New South Wales?
There were 6,519,325 employee jobs in New South Wales in the year to June 2023 (ABS Linked Employer-Employee Data), the most of 8.
Source: Australian Bureau of Statistics · saved copyHow New South Wales compares with other states
Unemployment rate, trend, September 2026 (2026-09)
New South Wales ranks 4 of 8, highest first.
| Rank | Region | Unemployment rate, trend, September 2026 |
|---|---|---|
| 1 | Tasmania | 5.1% |
| 2 | Victoria | 5.0% |
| 3 | Australian Capital Territory | 4.7% |
| 4 | New South Wales | 4.7% |
| 5 | Queensland | 4.4% |
| 6 | Northern Territory | 4.3% |
| 7 | Western Australia | 4.2% |
Gross state product per person, 2024-25 (current prices) (2024-25)
New South Wales ranks 4 of 8, highest first.
| Rank | Region | Gross state product per person, 2024-25 (current prices) |
|---|---|---|
| 1 | Western Australia | $152,502 |
| 2 | Northern Territory | $131,983 |
| 3 | Australian Capital Territory | $123,409 |
| 4 | New South Wales | $100,105 |
| 5 | Queensland | $94,506 |
| 6 | Victoria | $90,918 |
| 7 | South Australia | $83,465 |
Real growth in gross state product, 2024-25 (2024-25)
New South Wales ranks 8 of 8, highest first.
| Rank | Region | Real growth in gross state product, 2024-25 |
|---|---|---|
| 2 | Queensland | 2.2% |
| 3 | Western Australia | 1.3% |
| 4 | Victoria | 1.1% |
| 5 | South Australia | 1.0% |
| 6 | Tasmania | 1.0% |
| 7 | Northern Territory | 1.0% |
| 8 | New South Wales | 0.9% |
Median employee income, 2022-23 (2023)
New South Wales ranks 4 of 8, highest first.
| Rank | Region | Median employee income, 2022-23 |
|---|---|---|
| 1 | Australian Capital Territory | $79,659 |
| 2 | Northern Territory | $68,042 |
| 3 | Western Australia | $65,310 |
| 4 | New South Wales | $63,301 |
| 5 | Victoria | $61,397 |
| 6 | Queensland | $59,751 |
| 7 | South Australia | $58,380 |
Median price of an established house, 2024 (2024)
New South Wales ranks 1 of 8, highest first.
| Rank | Region | Median price of an established house, 2024 |
|---|---|---|
| 1 | New South Wales | $1,000,000 |
| 2 | Australian Capital Territory | $990,000 |
| 3 | Victoria | $753,800 |
| 4 | Queensland | $730,000 |
| 5 | South Australia | $680,000 |
| 6 | Western Australia | $645,000 |
| 7 | Tasmania | $598,000 |
More on New South Wales: overview · health · education and schools · poverty and living standards · government budget · Australia
Sources
- Australian Bureau of Statistics: Census of Population and Housing 2021, state and territory results (via ABS Data by region): health conditions, education, housing costs, homelessness, disadvantage, read 23 October 2026 · saved copy (SHA-256 7f6d87de31d5…)
- Australian Bureau of Statistics: Australian National Accounts: State Accounts, 2024-25, Table 1: Gross state product, read 23 October 2026 · saved copy (SHA-256 193fa6f8752b…)
- Australian Bureau of Statistics: Labour Force, Australia, September 2026: trend and seasonally adjusted state and territory series, read 23 October 2026 · saved copy (SHA-256 72befbbd1b24…)
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