• Marvellous Melbourne

    Since its early history, Melbourne has had a rich legacy of commercial success. Becoming a major port following the massive gold rush of the 1850's and 1860's, Melbourne was popularly referred to as 'Marvellous Melbourne'.

    Melbourne is now known for its highly skilled workforce, multicultural, affluent and fast growing population, close proximity and links to the Asia region, world-recognised liveability, and world-class infrastructure.

  • Research & Development centre

    An industrial hub

    Melbourne quickly developed into a thriving industrial hub throughout the latter half of the nineteenth century and into the twentieth century, welcoming investment from around the world.

    Companies such as Ford and Boeing have legacies in Victoria of more than 80 years, ExxonMobil has been refining crude oil in Melbourne for over 60 years and Toyota began manufacturing vehicles in Melbourne more than  50 years ago.

  • Advanced manufacturing technology

    Services and advanced manufacturing

    Victoria has adapted to changing times. In response to growing international competition and technical advances, Victoria transitioned into a knowledge driven, skills-based and increasingly export-oriented economy. A growing and sophisticated services sector is complemented by Victoria's position as Australia's leader in advanced manufacturing. Melbourne has transformed into a thriving and cosmopolitan global city.

  • Female student

    A knowledge city

    Substantial investment in educational institutions followed, developing the highly skilled workforce we have today and creating a thriving education sector.

    Major universities, such as the University of Melbourne and Monash University, developed a reputation for world-class education and now attract thousands of students from Asia and all over the world.

  • Victoria Gross Value Added by industry in current prices (% share)

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    Industry Current prices (% share)
    Financial and insurance services11.7
    Professional, scientific and technical services10.2
    Manufacturing9.0
    Health care and social assistance8.1
    Construction7.2
    Retail trade6.6
    Education and training6.4
    Transport, postal and warehousing5.4
    Wholesale trade5.4
    Public administration and safety4.8
    Information media and telecommunications4.0
    Electricity, gas, water and waste services3.7
    Administrative and support services3.4
    Rental, hiring and real estate services3.1
    Agriculture, forestry and fishing2.9
    Accommodation and food services2.7
    Mining2.3
    Other services2.1
    Arts and recreation services1.1

    Source: ABS Cat no 5220.0, 28 November 2013

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    Truly diversified economy

    Melbourne has welcomed investment from all over the globe and across many industries, including ICT, professional and financial services, advanced manufacturing, advanced food processing, biotechnology and clean technology. In fact, Invest Victoria facilitated more than A$2.3 billion of foreign direct investment into the state in 2014-15, which helped to create over 6,100 new full time jobs in Victoria.

Melbourne has a rich legacy of commercial success.

Melbourne is known for its highly skilled workforce, a multicultural, affluent and fast-growing population, close proximity and links to the Asia region, world-recognised liveability, and world-class infrastructure.

Melbourne's success story began with the massive gold rush of the 1850s and 1860s when the city was popularly referred to as 'Marvellous Melbourne'. It was one of the largest cities in the British Empire and one of the wealthiest cities in the world.

Throughout the latter half of the nineteenth century and into the twentieth century, Melbourne quickly developed into an industrial hub, welcoming investment from around the world. Companies such as Ford and Boeing have legacies in Victoria of more than 80 years, ExxonMobil has been refining crude oil in Melbourne for over 60 years and Toyota began manufacturing vehicles in Melbourne more than 50 years ago. 

Victoria has demonstrated its adaptability. In response to growing international competition and technical advances, Victoria has transitioned into a knowledge driven, skills-based and increasingly export-oriented economy. A growing and sophisticated services sector is complemented by Victoria's position as Australia's leader in advanced manufacturing. Melbourne has transformed into a thriving and cosmopolitan global city.

Victoria has seen substantial investment in educational institutions, underpinning the highly skilled workforce we have today and creating a thriving international education sector. Major universities such as the University of Melbourne and Monash University have developed a reputation for world-class education and attract thousands of students from Asia and the rest of the world.

The state has invested heavily in infrastructure, placing Melbourne at the centre of an integrated transport network and international freight logistics hub. The government has supported the development and creation of new industry sectors, with Melbourne becoming a leading biotechnology and ICT centre, creating high value industries and employment. Industry leaders such as IBM, Siemens, GSK and Melbourne's own CSL have helped drive Melbourne and Victoria's transformation into a flourishing R&D location. Victoria has also built on its agricultural capability to become Australia's leading food and fibre exporting state, exporting around A$11.6 billion worth of agricultural product annually.1

Melbourne welcomes investment from all over the globe and across many industries, including ICT, professional and financial services, advanced manufacturing, advanced food processing, biotechnology and clean technology. In fact, Invest Victoria facilitated more than A$2.3 billion of foreign direct investment into the state in 2014-15, helping to create 6,100 new full-time jobs in Victoria.2


Source:

  1. Victorian food and fibre export performance 2014-15
  2. DEDJTR report 2014-15