The Economy of New York (state)
New York City economy
The economy of the State of New York is reflected in its gross state product in 2022-Q2 of $US2.0 trillion, ranking third in size behind the larger states of California and Texas. If New York State were an independent nation, it would rank as the 10th largest economy in the world. However, in 2019, the multi-state, New York City-centered metropolitan statistical area produced a GMP of $US2.0 trillion, ranking first nationally by a wide margin and behind the GDP of only nine nations.
The state has a large manufactoring sector, which includes printing and publishing and the production of garments, furs, railroad rolling stock, and bus line vehicles. Some industries are concentrated in upstate locations also, such as ceramics and glass (the southern tier of counties), microchips and nanotechnology (Albany) and the Greater Capital district, and photographic equipment (Rochester). New York's agricultural outputs comprise dairy product, cattle and other livestock, vegetables, nursey stock, and apples.