New South Wales is a state on the east coast of Australia. It borders Queensland to the north, Victoria to the south, South Australia to the west, the Tasman Sea to the east and surrounds the whole of the Australian Capital Territory. New South Wales's capital city is Sydney, which is also the state's most populous city. As of June 2013, the estimated population of New South Wales was 7.4 million, making it Australia's most populous state.
New South Wales has undergone an increasingly rapid economic and social transformation. New industries such as information technology and financial services are largely centered in Sydney and have risen to take their place, with many companies having their Australian headquarters in Sydney CBD.