Ballarat is a city in the Central Highlands of Victoria, Australia. Ballarat is the 4th largest inland city in Australia and the 3rd largest Victorian city behind Melbourne and Geelong. At the 2021 Census, Ballarat had a population of 111,973, making it the third largest city in Victoria.

The economy of Ballarat is driven by all three economic sectors, though contemporary Ballarat has emerged as a primarily service economy with its main industry being the service industry and its key areas of business including tourism, hospitality, retail, professional services, government administration and education. Secondary sector including manufacturing, which had grown in the 20th century remains an important sector. The city's historic primary sector roots including mining and agriculture continue to play a role, though one that has declined since the 20th century. Industries emerging this century include information technology service sector and renewable energy.

Ballarat attracts 2.2 million visitors a year and the tourism and hospitality industry is a A$480 million a year sector which accounts for around 15% of Ballarat's economy and employs around 2,870 people. Ballarat is most notable for the award-winning open-air museum known as Sovereign Hill, a recreated 1850s gold mining settlement opened in 1970. Sovereign Hill is Ballarat’s biggest tourism drawcard and is consistently rated among the best outdoor museums in the world and continues to expand. Sovereign Hill accounts for over half a million of Ballarat's visitors and $40 million in tourism revenue.

Kunshan established a friendly-exchange relationship with Ballarat in June, 1994.