Emerging economies are improving their skills and capabilities and, coupled with their lower cost base, are increasing their competitive position in the professional services industry. If NSW wants to continue to compete with these and other established competitors, we will need to address some of the challenges facing the industry and pursue the opportunities that are present. This Plan sets out how this can be achieved.
NSW has the largest professional services industry in Australia. The industry is a major contributor to the NSW economy, making up around 18 percent of the NSW economy, employing one in ten of the State’s workers, and responsible for around 7 percent of the State’s exports.