Economy of New York State

June 29, 2010US State Economiesby EconomyWatch


New York Economy - Social Indicators

New York Economy : It is middle Atlantic state of the United States. The state is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean, New York, and Pennsylvania, Lakes Erie and Ontario, and the Canadian Provinces of Ontario, and the Province of Quebec.

The state has a total geographical area of 54,556 sq mi; with a land area of 47,214 sq mi; and acres forested 18.4 mil.

The state has strengthened itself as a leader not only in the manufacturing sector but also in the commercial and financial sector.

According to the US Census Bureau, the total estimated population of New York in 2005 is 19,254,630 in comparison to 19,227,088 in the previous year. Net change in population 2002-03 was 0.3%. According to the US Census 2000, the total population of the state was 18,976,457. The density of population in the state was 406.5 per sq mi.

With regards to Racial Distribution (2000): White 67.9%; Black 15.9%; Asian 5.5%; Native American 0.4%.

Business and Economy of New York
According to the Bureau of Economic Analysis, the total state product in 2004 was $ 900 billion with a per capita personal income of $38,333 in the same year.

It is a leading center of Banking, finance and Communication in the United States.

Chief Industries of the region are manufacturing, finance, communication, tourism, transportation and services.

Principal Manufacturing goods are books & periodicals, clothing and apparel, pharmaceuticals, machinery, instruments, toys and sporting goods, electronic equipment, automotive and aircraft components.

Major crops are apples, grapes, strawberries, cherries, pears, onions, potatoes, cabbage, sweet corn, green beans, cauliflower, field corn, hay, wheat, oats and dry beans.Livestock includes (Jan 2004): 1.42 mil cattle/calves; 70,000 sheep/lambs; (Jan 2003): 73,000 hogs/pigs; (Dec 2003): 4.7 million chickens.

Energy Production in New York
Electricity Production (est. 2003, kwh by source): Coal 1.7 bil; Petroleum 9.7 bil; Gas 7.7 bil; Hydroelectric 18.5 bil; Nuclear 3.9 bil.

Tourist Attraction Of New York

  • New York City;
  • Adirondack and Catskill Mts;
  • Finger Lakes;
  • Great Lakes;
  • Thousand Islands;
  • Niagara Falls;
  • Saratoga Springs;
  • Corning Glass Center and Steuben factory, Corning;
  • Fennimore House, Cooperstown;
  • Natl. Base ball Hall of Fame and Museum, Cooperstown;
  • Empire State Plaza, Albany;
  • Lake Placid;
  • Turning Stone, Casino

Further Readings

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