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Economy of New York

by agnes celina on Apr 2, 2011

New York is the heart of USA and also known for various trends. A lot of economy of USA is based on this state. It is the biggest state of USA too. New York's gross state product in 2007 was $1.1 trillion, ranking third in size behind the larger states of California and Texas the other two states of USA. If New York were an independent nation it would rank as the 16th largest economy in the world. Its 2007 per capita personal income was $46,364, placing it sixth in the nation behind Maryland and eighth in the world behind Ireland.
New York's agricultural outputs are dairy products, cattle, other livestock, vegetables, nursery stock, and apples. Its industrial outputs are printing and publishing, scientific instruments, electric equipment, machinery, chemical products, and tourism. A recent review by the Center on Budget and Policy Priorities found 13 states, including several of the nation's largest, face budget shortfalls for Financial Year 2009. New York faces a deficit...Read More >>



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Why people get divorced has been extensively studied, but two recent reports highlight the role of the economy in influencing such a momentous decision. Though these reports have been given prominent news media attention, they are not necessarily reliable. In the end, it is unlikely that just economic factors are the sole cause in determining the number of divorces per year.

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