New York City Gdp 2020
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States of california and texasif new york state were an independent nation it would rank as the 10th largest economy in the world.
Jersey city ordinances. A view of the shops at hudson yards amid the coronavirus pandemic on may 12 2020 in new york city. Employment rose by 48 million in june an increase of 43. This is a list of cities in the world by gross domestic product gdpthe united nations uses three definitions for what constitutes a city as not all cities may be classified using the same criteria.
Cities may be defined as the cities proper the extent of their urban area or their metropolitan regions. The new york city comptroller issues these certificates to qualified residents living within the five boroughs of new york city. The economy of the state of new york is reflected in its gross state product in 2018 of 17 trillion ranking third in size behind the larger us.
Research statistics group c2020 federal reserve bank of new york october 16 2020 1 city westchester island m a n h a t t a n queens bronx brooklyn staten island new york orange rockland long new york state usa population 2018 8399000 1675000 2839000 19542000 327167000 population growth 2018 10 year change 06 39 12 17 7. New york state gdp declined by 82 tied with tourism dependent nevada for the largest gdp decline in the nation. The economy national indicators us gdp declined by 5 from the 4 th quarter of 2019 to the 1 st quarter of 2020 reflecting widespread shutdowns at the end of march figure 1.
In 2018 the gdp of the new york metro area amounted to 153 trillion chained 2012 us. New york citys most important economic sector lies in its role as the headquarters for the us. Financial industry metonymously known as wall streetthe citys securities industry accounting for 181300 jobs in 2018 continues to form the largest segment of the citys financial sector and an important economic engine accounting for about 5 of the citys private sector jobs in 2018 6.
Diversity initiatives the comptrollers office of diversity initiatives works to develop innovative solutions that expand economic opportunities for all. The office focuses on assisting minority and women owned. Manhattans economic share of the five borough region fell from about 75 in 2001 to 72 in 2018 according to recently released data from the bureau of economic analysis.
This graph shows the gdp of the new york metro area from 2001 to 2018. Covid 19 has spread to most countries around the world. The methodology of calculating gdp may differ between the studies and are widely based.
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