Melbourne is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in Australia and Oceania. The city of Melbourne occupies much of the coastline of Port Phillip bay and spreads into the hinterlands towards the Dandenong and Macedon ranges, Mornington Peninsula and Yarra Valley. Its population of approximately 5 million is equivalent to 19% of the population of Australia.
Melbourne has a highly diversified economy with particular strengths in finance, manufacturing, research, IT, education, logistics, transportation and tourism. Melbourne is home to a number of the headquarters of Australia’s largest companies. An important financial centre, Melbourne was ranked as having the 21st most competitive financial centre in the world according to the 2017 Global Financial Centres Index.
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