In 2023, the GDP of the New York metro area amounted to *** trillion chained 2017 U.S. dollars. This is an increase from 2021, when the GDP of the New York metro area was **** trillion dollars. New York CityThe New York metro area’s GDP has steadily risen in the last two decades from *** trillion U.S. dollars in 2001 to **** trillion U.S. dollars in 2023. In September 2023, the New York- Newark-Jersey City area had an unemployment rate of *** percent. It also had the highest population in the country in 2022 at ***** 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 ****** business establishments in the region that focused on professional, scientific, and technical services.

Graph and download economic data for Gross Domestic Product: All Industry Total in New York (NYNGSP) from 1997 to 2024 about GSP, NY, industry, GDP, and USA.

In 2023, the real gross domestic product (GDP) of New York increase by *** percent when compared to the previous year. 2021 saw was the largest increase in the state's real GDP since 2000, when the GDP increased by *** percent as the state rebounded from the COVID-19 pandemic.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in New York (NYRQGSP) from Q1 2005 to Q1 2025 about GSP, NY, real, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: All Industry Total in New York (NYNQGSP) from Q1 2005 to Q4 2024 about GSP, NY, industry, GDP, and USA.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

In 2023, the mining, quarrying, and oil and gas extraction industry added about 730 million chained 2017 U.S. dollars of value to New York's GDP. Total real GDP amounted to about 1.79 trillion chained 2017 U.S. dollars. In 2023, the per capita personal income in New York was 82,323 current U.S. dollars.

Gross Domestic Product: All Industry Total in New York was 2346932.00000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: All Industry Total in New York reached a record high of 2346932.00000 in October of 2024 and a record low of 981497.30000 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: All Industry Total in New York - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in New York (NYRGSP) from 1997 to 2024 about GSP, NY, real, industry, GDP, and USA.

Graph and download economic data for Total Gross Domestic Product for New York-Newark-Jersey City, NY-NJ-PA (MSA) (NGMP35620) from 2001 to 2023 about NJ, New York, PA, NY, industry, GDP, and USA.

In 2021, New York contributed 143.83 billion U.S. dollars to the national Gross Domestic Product (GDP) of the United States through its arts and cultural production. This figure has more than doubled since 2001 when the contributions amounted to 58.53 billion U.S. dollars.

This statistic shows the per capita real Gross Domestic Product of New York from 2000 to 2023. In 2023, the per capita real GDP of New York stood at 90,731 chained 2017 U.S. dollars.

Graph and download economic data for Real Gross Domestic Product: Construction (23) in New York (NYCONSTRQGSP) from Q1 2005 to Q1 2025 about GSP, private industries, NY, construction, private, real, industry, GDP, and USA.

In 2024, the finance, real estate, insurance, rental, and leasing industry added the most value to the GDP of the United States. In that year, this industry added 6.2 trillion U.S. dollars to the national GDP. Gross Domestic Product Gross domestic product is a measure of how much a country produces in a certain amount of time. Countries with a high GDP tend to have large economies, for example, the United States. However, GDP does not take into consideration the cost of living and inflation rates, so it is not a good measure of the standard of living. GDP per capita at purchasing power parity is thought to be more reflective of living conditions within a particular country. U.S. GDP California added the largest amount of value to the real GDP of the U.S. in 2022. California was followed by Texas and New York. In California, the professional and business services industry was the most valuable to GDP in 2022. In New York, the finance, insurance, real estate, rental, and leasing industry added the most value to the state GDP. While the business sector added the highest value to the U.S. real GDP in 2021, it was the information industry that had the biggest percentage change in value added to the GDP between 2010 and 2021.

In the fiscal year of 2021, total state and local government debt in the state of New York amounted to 20.07 percent of the annual Gross Domestic Product of the state. In Kentucky, this figure amounted to 22.78 percent of the state's annual GDP, the highest of any state.

The national debt of the United Stated can be found here.

The statistic shows the national debt of the United States from 2019 to 2022 in relation to the gross domestic product (GDP), with projections up until 2029. In 2022, the national debt of the United States was at around 120.03 percent of the gross domestic product. See the US GDP for further information. US finances There has been a dramatic increase in the public debt of the United States since 1990, although the month-to-month change has been quite stable over the last few months. Public debt is defined as the amount of money borrowed by a country to cover budget deficits. A ranking of individual state debt in the United States shows that California is leading by a clear margin, with more than double the amount of runner-up New York. Vermont, North Dakota and South Dakota are the states with the lowest amount of debt. Even before the recession of 2008, the national debt of the United States had been increasing steadily and excessively, and it is predicted to rise even further. Budget cuts and fewer job opportunities as a result of the crisis are taking their toll on the American economy, which is still recovering. Trade figures as well as unemployment are still below average. Subsequently, the national debt and the national debt of the United States per capita have more or less quadrupled since the 1990s. Interestingly, the United States is not even among the top ten of countries with the highest public debt in relation to gross domestic product in international comparison. Japan, Greece and Italy – among others – report far higher figures than the United States.

Graph and download economic data for Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in New York (NYPROBUSRQGSP) from Q1 2005 to Q1 2025 about science, professional, GSP, private industries, NY, business, services, private, real, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: Information (51) in New York (NYINFONQGSP) from Q1 2005 to Q1 2025 about information, GSP, private industries, NY, private, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: All Industries in New York County, NY (REALGDPALL36061) from 2001 to 2023 about New York County, NY; New York; NY; real; industry; GDP; and USA.

Graph and download economic data for Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in New York (NYFININSREALNGSP) from 1997 to 2024 about leases, finance, insurance, rent, real estate, GSP, private industries, NY, private, industry, GDP, and USA.