Economy of New Jersey State

June 29, 2010US State Economiesby EconomyWatch

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Demography And Social Indicators

New Jersey is middle Atlantic state of the E United States. The state is bordered by New York State, the Atlantic Ocean, Delaware, across Delaware Bay, and Pennsylvania, across the Delaware R.

The state has a total geographical area of 8,721 sq mi; with a total land area of 7,417 sq mi; and total acres forested in the state is 2.1 mil.

Major industrial centers, important transportation corridor and terminus, and long established playground have contributed a lot to the state's economy.

Demography And Social Indicators
According to the United States Census Bureau, the estimated population of the state as of 2005 is 8,717,925 in comparison to the 8,698,879 in July 2004. The net change in the population of the state in 2002-03 was 0.7%. According to the US Census 2000, the total population was 8,414,350.

The density of the population in the state was 1,164.6 per sq mi.

With regards to the Racial Distribution 2000, white 72.6%; Black 13.6%; Asian 5.7%; Native American 0.2%.

Business and Economy of New Jersey
According to the Bureau of economic Analysis, the total state product of the state as of 2004 was $416 billion with a per capita personal income of $41,636 in the same year.

The state is not only a center for the Industries, transportation and tourism but also a leader in the agricultural income.

Chief Industries of the state are pharmaceuticals/drugs, telecommunications, biotechnology, printing and publishing.

Important Manufacturing goods of the state are chemicals, electronic equipment and food.

Major crops are nursery/green house, tomatoes, blueberries, peaches, peppers, cranberries and soybeans.

Live stock of the state (Jan 2004): 46,000 cattle/calves; (Jan 2003): 12,000 hogs/pigs; (Dec 2003): 2.1 million chickens.

Energy Production In New Jersey
Electricity Production (est. 2003, kwh by source): Coal 1.7 bil; Petroleum 209 mil; Gas 30 mil; Hydroelectric 120 mil.

Tourist Attraction Of New Jersey

  • 127 mi of beaches;
  • Miss America Pageant, Atlantic City;
  • Grover Cleveland birthplace, Caldwell;
  • Cape May Historic District;
  • Edison Natl. Historic site, W Orange;
  • Six Flags Great Adventure, Jackson.
  • Liberty State Park, Jersey City;
  • Meadowlands Sports Complex, E, Rutherford;
  • State Aquarium, Camden.

Colleges, Schools and Universities In New Jersey

  • Assumption College for Sisters, Mendham
  • Berkeley College
  • Bloomfield College, Bloomfield
  • Caldwell College, Caldwell
  • Centenary College, Hackettstown
  • The College of New Jersey, Ewing Township
  • DeVry University, North Brunswick
  • Georgian Court University, Lakewood
  • Kean University, Union-Elizabeth
  • Monmouth University, West Long Branch
  • Montclair State University, Montclair
  • New Jersey City University, Jersey City
  • New Jersey Institute of Technology, Newark
  • Princeton University, Princeton
  • Rabbinical College of America, Morristown, New Jersey
  • Ramapo College, Mahwah
  • Richard Stockton College of New Jersey, Pomona, New Jersey
  • Rowan University, Glassboro
  • Rutgers, The State University of New Jersey
  • Saint Peter's College, Jersey City
  • Stevens Institute of Technology, Hoboken
  • Thomas Edison State College, Trenton
  • University of Medicine and Dentistry of New Jersey, Newark

Further Readings