11 New York Economy Facts That Will Amaze You
New York is the richest metropolis on the planet. At the same time, the state of the same name cannot boast of a powerful economy, and its cities and villages are not very densely populated. Edition "Vesti.Ekonomika" revealed 11 facts about the economy of this state of America.
The city of New York is one of the richest in the whole world. But the staff of the same name is not very efficient economy, the source said.
Here are 11 facts about the city and the state of New York that will surprise you.
- The economy of New York is almost identical to the size of the economy of Canada.
There is more in common between the state of New York and Canada than the border and Niagara Falls. So, the state economy is almost the same size as the economy of a neighboring country. Moreover, Canada is the largest recipient of exports from New York State.
If New York was a separate country, then in the world ranking its economy would occupy the 11-th place between Canada and South Korea.
- By 2035, New York City’s GDP is expected to exceed Tokyo’s GDP.
In 2017, according to the Office of the New York State Comptroller, New York State GDP exceeded $ 1,5 trillion. But, as the source notes, referring to expert forecasts, by 2035, the GDP of only one city in New York will reach $ 2,5 trillion.
- There are more billionaires in New York than in any other city in the world.
According to some reports, New York is the richest city in the world. So, more billionaires live here than in Hong Kong (93), San Francisco (74), Moscow (69) and London (62). In New York there are 103.
- New York is only 1% of the US territory and contributes 8% of the country's GDP.
Despite the fact that New York occupies only 1% of the entire US area, its size is significantly larger - as much as 8% of the total national GDP of the United States.
- The unemployment rate in the city of New York with 2018 years below the historical minimum level.
While the overall unemployment rate in the middle of the 2018 year increased throughout the country, this did not affect New York. Moreover, the city went against this trend, reducing the unemployment rate to a historically minimal level - 4%.
Read more at ForumDaily New York.
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