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The economy of New York City encompasses the largest municipal and regional economy in the United States. In 2023, the New York City generated a GDP of US$1.286 trillion. [5] Anchored by Wall Street in Lower Manhattan, New York City has been characterized as the world's premier financial center.
The following list includes the annual nominal gross domestic product for each of the 50 U.S. states and the national capital of Washington, D.C. and the GDP change and GDP per capita as of 2024. [1] [3] The total for the United States in this table excludes U.S. territories. The raw GDP data below is measured in millions of U.S. Dollars.
2023 rank Metropolitan area 2023 2022 2021 2018 2017 2016 2015 2014 2013 2012 Population (2020) [4] 1: New York-Newark-Jersey City, NY-NJ-PA (Metropolitan Statistical Area)
Top news and what to watch in the markets on Thursday, October 29, 2020.
Within the GDP data, a category that measures the economy’s underlying strength rose at a solid 3.2% annual rate from July through September, up from 2.7% in the April-June quarter.
Sales of new homes rose 2.3% last month to a seasonally adjusted annual rate of 616,000, according to a report Thursday from the Census Bureau, while mortgage rates slipped to 6.13%, per Freddie Mac.
The economy of the State of New York is reflected in its gross state product in 2024 of $2.284 trillion, ranking third in size behind the larger states of California and Texas. If New York State were an independent nation, it would rank as the 10th largest economy in the world by nominal GDP.
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