As the economic and business hub for South and Central Brevard County, the City of Melbourne recognizes that a fertile business climate and many employment opportunities promote an improved quality of life for residents of Melbourne and its surrounding communities.Melbourne’s Economic Development Division is charged with attracting, retaining and expanding private capital investments, which in turn facilitates job creation.

The City of Melbourne monitors the economic activity of the municipality to support business and development and to plan for the future. Melbourne gross domestic product reached $369 billion compared with regional Victoria's $76 billion.Australian GDP expanded by 1.9 per cent but Melbourne’s own GDP lifted by 4 per cent. Melbourne has now attracted the largest proportion of international overseas immigrants (48,000) finding it outpacing Sydney's international migrant intake on percentage, along with having strong interstate migration from Sydney and other capitals due to more affordable housing and cost of living.After a trend of declining population density since World War II, the city has seen increased density in the inner and At the 2016 census, the most commonly nominated ancestries were:0.5% of the population, or 24,062 people, identified as As of the 2016 census, 62% of Melburnians speak only English at home.Melbourne has a wide range of religious faiths, the most widely held of which is According to the 2016 Census, the largest responses on religious belief in Melbourne were Some of Australia's most prominent and well known schools are based in Melbourne. As a result, it has become Australia's most densely populated area with approximately 19,500 residents per square kilometre,The CBD and surrounds also contain many significant historic buildings such as the Melbourne is often referred to as Australia's garden city, and the state of Victoria was once known as Melbourne has minimal public housing and high demand for rental housing, which is becoming unaffordable for some.Melbourne is experiencing high population growth, generating high demand for housing. Future job growth over the next ten years is predicted to be 40.7%, which is higher than the US average of 33.5%. If growth is too far beyond a healthy growth rate, it overheats. Why Australia Prospered: The Shifting Sources of Economic Growth, Princeton U.P. Numerous telecommunications companies provide Melbourne with terrestrial and mobile telecommunications services and Melbourne has one of the lowest crime rates of any major city globally, ranking 5th in This article is about the Australian city. In the 2018 It is the Australian base for a number of significant manufacturers including The Economist Intelligence Unit ranks Melbourne as the fourth most expensive city in the world to live in according to its worldwide cost of living index in 2013.The Economist Intelligence Unit also has ranked Melbourne as the most liveable city in the world for seven consecutive years (2011-2017).Melbourne is the second most visited city in Australia and the seventy-third most visited city in the world.In 2018, the population of the Melbourne metropolitan area was 4,963,349.Although Victoria's net interstate migration has fluctuated, the population of the Melbourne statistical division has grown by about 70,000 people a year since 2005. In 2018 it was $100.316 billion. Its dependence on the finance sector has grown to a nationwide high of 14 per cent.Professional services, construction and healthcare are also key parts of the Sydney economy.The economic profiles of Melbourne, Sydney and Brisbane have become more similar over the past 20 years. From 2006, the growth of the city extended into "green wedges" and beyond the city's urban growth boundary. During this "land boom", Melbourne reputedly became the richest city in the world,The decade began with the Melbourne International Exhibition in 1880, held in the large purpose-built In 1888 the Exhibition Building hosted a second event, even larger than the first: the Melbourne Centennial Exhibition. The Water storage and supply for Melbourne is managed by Electricity is provided by five distribution companies:

Melbourne Economic Forum. The 1850s and 1860s saw the commencement of The layout of the inner suburbs on a largely one-mile grid pattern, cut through by wide radial boulevards and parklands surrounding the central city, was largely establishedWith the gold rush largely over by 1860, Melbourne continued to grow on the back of continuing gold-mining, as the major port for exporting the agricultural products of Victoria (especially wool) and with a developing manufacturing sector protected by high tariffs. Six of the world's top 10 and 29 of Australia's top 100 companies choose to establish their headquarters and conduct their business in Melbourne above any other state in Australia.Our economy has delivered strong and consistent growth for more than the past two decades, and while Victoria represents only 3 per cent of Australia's total land mass, we account for close to a quarter of Australia's economic activity (22 per cent of national GDP).Victoria is Australia's largest supplier of premium food and fibre products. New research reveals that Melbourne and Sydney are powering the nation with two-thirds of national Australian Gross Domestic Product (GDP) growth generated in Australia’s two largest cities. Over the past century, the structure of the Australian economy (as reflected in employment by industry) changed markedly. Find out about the City of Melbourne's demographics, economy, population, the Census of Land Use and Employment and other research. In 1992, the newly elected Since the mid-1990s, Melbourne has maintained significant population and employment growth. Melbourne sustained the highest population increase and economic growth rate of any Australian capital city from 2001 to 2004. Tariff reduction has seen a growth in the number of large importing firms, the majority of which are based in Sydney.