11 New York Economy Facts That Will Amaze You

New York is the richest metropolis on the planet. At the same time, the state of the same name cannot boast of a powerful economy, and its cities and villages are not very densely populated. Edition "Vesti.Ekonomika" revealed 11 facts about the economy of this state of America.

The city of New York is one of the richest in the whole world. But the staff of the same name is not very efficient economy, the source said.

Here are 11 facts about the city and the state of New York that will surprise you.

1. The economy of New York is almost identical to the size of the economy of Canada.

There is more in common between the state of New York and Canada than the border and Niagara Falls. So, the state economy is almost the same size as the economy of a neighboring country. Moreover, Canada is the largest recipient of exports from New York State.

If New York was a separate country, then in the world ranking its economy would occupy the 11-th place between Canada and South Korea.

2. By 2035, New York City’s GDP is expected to exceed Tokyo’s GDP.

In 2017, according to the Office of the New York State Comptroller, New York State GDP exceeded $ 1,5 trillion. But, as the source notes, referring to expert forecasts, by 2035, the GDP of only one city in New York will reach $ 2,5 trillion.

3. There are more billionaires in New York than in any other city in the world.

According to some reports, New York is the richest city in the world. So, more billionaires live here than in Hong Kong (93), San Francisco (74), Moscow (69) and London (62). In New York there are 103.

4. New York is only 1% of the US territory and provides 8% of the country's GDP.

Despite the fact that New York occupies only 1% of the entire US area, its size is significantly larger - as much as 8% of the total national GDP of the United States.

5. The unemployment rate in the city of New York with 2018 years below the historical minimum level.

While the overall unemployment rate in the middle of the 2018 year increased throughout the country, this did not affect New York. Moreover, the city went against this trend, reducing the unemployment rate to a historically minimal level - 4%.

6. New York is the second state producing apples in the United States.

It's no secret that in the state of New York, a lot of apples are grown, from which apple cider is also made here.

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In total, the state has 700 apple orchards. They produce a total of almost 30 million bushels of apples, with about 125 apples in each bushel. This would be enough to distribute 10 apples to every US citizen - which is 102 people.

7. The state leads the dairy industry.

The largest amount of yogurt in the entire USA is produced in New York.

In addition, the state is a leader in the production of cheese and sour cream.

8. New York is a leader in the export of diamonds.

Moreover, New York is the largest exporter of diamonds. Over the past year alone, more than $ 13 billion worth of faceted diamonds were sent from this state.

In addition, the state is also famous for exporting paintings, jewelry, gold, rubies and sculptures.

In general, New York is one of the largest suppliers of luxury goods.

9. In New York is the most expensive home in the United States.

It is in the city of New York that the most expensive penthouse in the world is located. It is located at 220 Central Park South. He was acquired by billionaire Ken Griffin for $ 238.

The cost of this housing is 180 times the average cost of homes in the Manhattan area, where their average price is $ 1,32 million.

10. The state has two of the most affordable cities in the US for living.

Despite the fact that Manhattan is one of the most expensive areas for living, there are more affordable places in the state, these are the cities of Buffalo and Syracuse.

So, according to the US News & World Report, Buffalo residents spend only 21,1% of their salary on living. Thus, the city was ranked 11th among the most affordable to live in the United States. Syracuse finished 22nd.

11. Starbucks is not the most common coffee shop chain in New York.

According to the 2016 report, there are 596 Dunkin 'outlets and the entire 317 Starbucks cafe in New York City.