Economics & Commerce Data
Bringing you the data you need to make the decisions that matter
World economics is an enormous subject and one for which governments, corporations, and NGO’s alike require data. We aim to supply a forum that allows interested parties to access economic data both online and via events. click for more information
Financial Centres of the World: New York
New York is one of the leading financial and cultural centres of the world, with the highest population of any city in the United States. The city has huge global significance and impact in terms of commerce, media, finance, fashion, art, technology, research, entertainment and education.
New York offers a glittering and vibrant backdrop for both businesses and individuals as a city in which to work, live and visit.
Working in New York
New York is an international hub for global business and commerce and along with London and Tokyo is one of the three major centres of the world economy. The New York Metropolitan Area has a GDP of approximately $ 1.3 trillion (2005) which makes it the biggest regional economy within the US and the second largest economy in entire world. By the end of 2008, New York controlled almost 40% of the world’s finances (Cinco Dias) ranking it as the largest financial centre on the planet.
42 Fortune 500 companies have their headquarter offices in New York City, with a huge emphasis on foreign investment; one out of ten private sector jobs within the city are with an overseas company. Midtown Manhattan is the central business district and it has over 353.7 million square feet of office space (2001). Manhattan is also home to the New York Stock Exchange and the NASDAQ, the two largest stock exchanges in the world.
Over 35% of New York’s employment income is from financial services; with real estate, TV and film, high tech industries and manufacturing accounting for the other major economic sectors.
Living in New York
New York is a multi-cultural and multi-faceted place; it is the world’s most linguistically diverse city with as many as 800 languages being used within the city limits. The city’s reputation as a hub for economic and cultural activity promises an exciting and thriving place to live for people from all over the world.
The city is home to the most complex and extensive mass transit system in North America, making the area highly accessible 24 hours a day. The New York City Subway system is one of the busiest in the world and Grand Central Terminal is the largest train station on earth. The city is also home to one of the busiest airspaces in the world and the busiest motor vehicle bridge.
The city has an excellent education system and although housing prices and the cost of living is relatively high, the wage rates are also higher than in many other cities. Among the 25 biggest cities in the United States, New York as one of the lowest crime rates and it has a humid subtropical climate, meaning that the temperatures can range from -26 to 41 degrees Celsius.
Visiting New York
New York City is a centre for tourism due to its excellence in the fields of cuisine, art, dance, music, theatre, opera, fashion, literature and museums. They city is the origin of many cultural and artistic movements including abstract impressionism in painting, the Harlem Renaissance in literature, along with Tin Pan Alley hip hop, punk and disco in music.
Major destinations and attractions within the city include the Statue of Liberty, the Empire State Building, Broadway Theatre, Ellis Island, Central Park and the Metropolitan Museum of Art. New York offers a dazzling array of things to do, see and experience including performing arts, seasonal activities, cultural events and much more.
Here are some excellent resources for people visiting, living and working in New York City: