- Existing Business
Ballarat has a thriving local economy.
In 2018, Ballarat’s economy had an annual output of $14.26b, representing over 36 per cent growth since 2008. Gross Regional Product was $6.82b, and total value added production was estimated at $6.3b (Remplan 2018 Release 1).
The total Regional Export (the value of goods and services exported outside Ballarat) is estimated at $4.06b. Total local expenditure by industry on goods and services sourced in Ballarat is estimated at $4.33b (Remplan 2018 Release 1).
Retail trade, manufacturing, property and business services, health and community services, education, construction and tourism all make a significant contribution to the Ballarat economy, based on employment, regional exports, value add and local expenditure on goods and services.
In 2018, there were 8,576 registered businesses in the Ballarat region (ABS, Cat. 8165.0 Feb 2019), including major international companies such as IBM Global Services, McCain Foods, Mars Wrigley Confectionery and MaxiTrans - all of which reflect Ballarat’s dynamic economic base.
Regularly expanding on its vision to host multinational companies, Ballarat has attracted international investment from companies in Singapore, India, Japan and South Korea.