Sydney City received 7.8 million domestic visitors and 2.5 million international visitors in 2004. In 2007, the (then) Premier of New South Wales, Morris Iemma established Events New South Wales to "market Sydney and NSW as a leading global events destination". Fox Studios Australia has large film studios in the 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. 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.
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.
Shopping locations in the central business district include the Queen Victoria Building, the pedestrian mall on Pitt Street, and international luxury boutiques in the quieter, northern end of Castlereagh St. Oxford Street in Paddington and Crown Street, Woollahra are home to boutiques selling more niche products, and the main streets of Newtown and Enmore cater more towards students and alternative lifestyles.
The Sydney city has the highest median household income of any major city in Australia (US$42,559 PPP). As of 2004, the unemployment rate in Sydney was 4.9 percent. According to The Economist Intelligence Unit's Worldwide cost of living survey, Sydney is the sixteenth most expensive city in the world, while a UBS survey ranks Sydney as 15th in the world in terms of net earnings. As of 20 September 2007, Sydney has the highest median house price of any Australian capital city at $9,000. Sydney also has the highest median rent prices of any Australian city at $450 a week.