New York City
New York metro area’s GDP has steadily risen in the last two decades from 975.63 billion U.S. dollars in 2001 to 1.72 trillion U.S. dollars in 2017. In July 2017, The New York- Newark-Jersey City area had an unemployment rate of 4.4 percent. It also had the highest population in the country in 2017 at 20.32 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 2014, there were some 61,120 business establishments in the region that focused on professional, scientific, and technical services.