Introduction: New York Download PDF
As the leading banking and financial services center in the United States and arguably the world, New York City dominates New York’s economy. New York is home to more Fortune 500 companies than any other state and holds the New York Stock Exchange, the world’s largest stock exchange by dollar value. Coupled with the seven other smaller exchanges, some of the nation’s largest banks, trust companies, insurance companies, and brokerage houses, Wall Street exerts a profound influence on finances around the world. The borough of Manhattan is also the headquarters of the nation’s major television and radio networks, publishing houses and advertising agencies, making it the heart of mass media in America. Outside of New York City, strong manufacturing, agricultural, and transportation sectors bolster the rest of the state. With a GDP of just over $1 trillion, New York has the third largest economy of all U.S. states.
Government
Symbols
State Seal: |
State Quarter: |
Time Zones:
| Standard Time | GMT-5 | |
| Daylight-Saving Time | GMT-4 | |
Statistics
- Per Capita Real GDP :
- $49,038
- Population:
- 19,490,300
- Percent of People Under Poverty Level:
- 13.8%
- Per Capita Personal Income:
- $42,392
- Percent of Population with a Bachelor's Degree:
- 17.9%
- Total Exports:
- $69,333,600,000
Top 5 Export Partner Countries
Canada
Israel
United Kingdom
Switzerland
Japan
Top 5 Export Merchandise
Chemicals Sales
Computers and Electronic Products Sales
Machinery Manufacturing
Primary Metals Manufacturing
Computers and Electronic Products Manufacturing
Major Cities
Buffalo, New York City, Rochester
Major Airports
| Airport Name | City | |
| ALB | Albany International | Albany |
| BUF | Buffalo Niagara International | Buffalo |
| IAG | Niagara Falls International | Niagara Falls |
Main Ports:
Albany, Buffalo, Hempstead, New York/New Jersey, Port Jefferson
Corporations
| Company | Fortune 1000 Rank: | Revenues ($millions) | Headquarter City |
| Citigroup | 8 | 146,777 | New York |
| American Intl. Group | 10 | 113,194 | New York |
| J.P. Morgan Chase & Co. | 11 | 99,973 | New York |
| Verizon Communications | 13 | 93,221 | New York |
| Intl. Business Machines | 15 | 91,424 | Armonk |