U.S. New York metro area GDP 2001-2023
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In 2023, the GDP of the New York metro area amounted to 1.9 trillion chained 2017 U.S. dollars. This is an increase from 2021, when the GDP of the New York metro area was 1.82 trillion dollars.
New York City
The New York metro area’s GDP has steadily risen in the last two decades from 1.2 trillion U.S. dollars in 2001 to 1.91 trillion U.S. dollars in 2023. In September 2023, the New York- Newark-Jersey City area had an unemployment rate of 4.4 percent. It also had the highest population in the country in 2022 at 19.62 million people. New York City’s economy is one of the greatest in the country and is home to many Fortune 500 companies, including Big Pharma’s Bristol-Myers Squibb. Industries such as media, real estate, fashion and entertainment are some of the most prominent in the area. The finance industry in New York City, also known as Wall Street, is one of the leading financial centers of the world and houses the New York Stock Exchange and NASDAQ. The region is also home to one of the largest trading industries in the country at the Port of New York and New Jersey. This port includes a large estuary, regional airports, and a plethora of rail and road networks. Silicon Alley is one of the country’s largest technology industry hubs, including internet, telecommunications, and biotechnology. In 2022, there were some 61,665 business establishments n the region that focused on professional, scientific, and technical services.
