Sydney is the capital city of the state of New South Wales, and the most populous city in Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Port Jackson and extends about 70 km (43.5 mi) on its periphery towards the Blue Mountains to the west, Hawkesbury to the north, the Royal National Park to the south and Macarthur to the south-west. Sydney is made up of 658 suburbs, spread across 33 local government areas. Informally there are at least 15 regions. Residents of the city are known as "Sydneysiders". As of June 2019, Sydney's estimated metropolitan population was 5,312,163, meaning the city is home to approximately 65% of the state's population. Researchers from Loughborough University have ranked Sydney amongst the top ten world cities that are highly integrated into the global economy. There were 451,000 businesses based in Sydney in 2011, including 48% of the top 500 companies in Australia and two-thirds of the regional headquarters of multinational corporations
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