User:Mcnabber091/sandbox/Economic summary of New York
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Economic Summary of New York
[edit]The GDP for New York was $1,205 billion in 2012. The Real GDP growth rate was 1.3%.[1]. New York had an estimated population of 19.570 million[2]. The GDP per capita was $53,067 in 2012[3].
Counties
[edit]There are 62 counties in New York[4]. Below are the top ten localities ranked by population 2010
| Rank | Locality | Population 2010 |
|---|---|---|
| 1 | Kings | 2,504,700 |
| 2 | Queens | 2,230,722 |
| 3 | New York | 1,585,873 |
| 4 | Suffolk | 1,493,350 |
| 5 | Bronx | 1,385,108 |
| 6 | Nassau | 1,339,532 |
| 7 | Westchester | 949,113 |
| 8 | Erie | 919,040 |
| 9 | Monroe | 744,344 |
| 10 | Richmond | 468,730 |
Cities
[edit]Top 10 cities in New York by estimated city proper population in 2010[5]
| Rank | City | Locality | Population 2010 |
|---|---|---|---|
| 1 | New York | 8,175,133 | |
| 2 | Buffalo | 261,310 | |
| 3 | Rochester | 210,565 | |
| 4 | Yonkers | 195,976 | |
| 5 | Syracuse | 145,170 | |
| 6 | Albany | 97,856 | |
| 7 | New Rochelle | 77,062 | |
| 8 | Cheektowaga | 75,178 | |
| 9 | Mount Vernon | 67,292 | |
| 10 | Schenectady | 66,135 |
Industries
[edit]New York industries by GDP 2012[6]
| Industry | GDP $ billions 2012 | % of total GDP |
|---|---|---|
| Finance and insurance | 194.4 | 16.12% |
| Real estate, renting and leasing | 164.90 | 13.67% |
| Government | 126.2 | 10.46% |
| Professional, scientific and technical services | 111.5 | 9.24% |
| Healthcare and social assistance | 90. | 7.52% |
| Information | 86.6 | 7.18% |
| Retail trade | 63.5 | 5.23% |
| Wholesale trade | 62.8 | 5.21% |
| Accommodation and food services | 36.42 | 3.02% |
| Manufacturing non-durable goods | 32.4 | 2.68% |
| Administrative and waste management services | 30.0 | 2.56% |
| Manufacturing durable goods | 30.7 | 2.54% |
| Other private services | 26.1 | 2.16% |
| Management of companies and enterprises | 25.8 | 2.14% |
| Educational services | 22.6 | 1.87% |
| Transportation and warehousing | 22.5 | 1.86% |
| Utilities | 21.2 | 1.75% |
| Arts, entertainment and recreation | 16.9 | 1.41% |
| Agriculture, forestry, fishing and hunting | 2.58 | 0.21% |
| Mining | 0.77 | 0.06% |
| Total | 1,205 | 100% |
Employment
[edit]New York employment by industry in June 2013[7]
| Industry | Employment thousands June 2013 | Percent of total employment |
|---|---|---|
| Education & health services | 1,792 | 20.16% |
| Trade, transportation and utilities | 1,532 | 17.24% |
| Government | 1,443 | 16.24% |
| Professional & business services | 1,203 | 13.54% |
| Leisure & hospitality | 827 | 9.31% |
| Financial activities | 684 | 7.70% |
| Manufacturing | 442 | 4.97% |
| Other services | 384 | 4.32% |
| Construction | 318 | 3.57% |
| Information | 255 | 2.86% |
| Mining and logging | 5.0 | 0.06% |
| Total | 8,887 | 100% |
Corporations
[edit]Top 10 New York based corporations by revenue in 2012[8]
| Rank | Corporation | Revenue $ millions 2012 | Net income $ millions 2012 | Assets $ billion 2012 | Debt Ratio 2012 | Headquarters | Employees 2012[9] | Market cap 3/29/12 $ billions | Industry |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Verizon Communications | 110,875 | 2,404 | 230 | 84% | New York | 193,900 | 107 | Telecom |
| 2 | J.P. Morgan Chase & Co. | 110,838 | 18,976 | 2,265 | 92% | New York | 260,157 | 174 | Finance |
| 3 | International Business Machines | 106,916 | 15,855 | 116 | 83% | Armonk | 433,362 | 241 | Tech |
| 4 | Citigroup | 102,939 | 11,067 | 1,873 | 91% | New York | 266,000 | 107 | Finance |
| 5 | INTL FCStone | 75,497 | 37.3 | 3 | 89% | New York | 904 | 0.40 | Finance |
| 6 | American International Group | 71,730 | 17,798 | 555 | 81% | New York | 57,000 | 57 | Insurance |
| 7 | MetLife | 70,641 | 6.981 | 799 | 93% | New York | 67,000 | 39 | Insurance |
| 8 | Pfizer | 67,932 | 10,009 | 188 | 56% | New York | 103,700 | 169 | Pharmaceutical |
| 9 | PepsiCo | 66,504 | 6,443 | 72 | 72% | Purchase | 297,000 | 103 | Food |
| 10 | Morgan Stanley | 39,376 | 4,110 | 749 | 92% | New York | 61,899 | 39 | Finance |
Government Finances
[edit]In 2011, the state government of New York had total revenue of $205.55 billion. Total expenditures were 184.01 billion.[10]
The total debt outstanding in 2011 was 134.93 billion[11] (11.20% of GDP[12]).
The total cash and security holdings in 2011 was $317.21 billion[13].
| Revenue by Source | $ millions | Percent of revenue |
|---|---|---|
| Intergovernmental revenue from Federal Government | 53,713 | 26.13% |
| Insurance trust revenue | 48,714 | 23.70% |
| Individual income tax | 36,209 | 17.62% |
| Insurance trust expenditure | 24,803 | 12.07% |
| Sales and gross receipts | 22,367 | 10.88% |
| Charges and miscellaneous general revenue | 20,696 | 10.07% |
| Utility revenue | 7,991 | 3.89% |
| Intergovernmental revenue from local governments | 6,486 | 3.16% |
| Other taxes | 4,083 | 1.99% |
| Corporate income tax | 4,016 | 1.95% |
| Motor vehicle license | 1,269 | 0.62% |
| Liquor store revenue | 0 | 0% |
| Property taxes | 0 | 0% |
| Total | 205,546 | 100% |
| Expenditure | $ millions | Percent of expenditure |
|---|---|---|
| Intergovernmental expenditure | 59,698 | 29.04% |
| Public welfare | 39,522 | 14.36% |
| Veterans' services | 15,469 | 7.53% |
| Utility expenditure | 13,128 | 6.39% |
| Education | 12,839 | 6.25% |
| Hospitals | 6,114 | 2.97% |
| Highways | 4,865 | 2.37% |
| Interest on general debt | 4,116 | 2.00% |
| Other and unallocable | 4,014 | 1.95% |
| Correction | 2,918 | 1.42% |
| Judicial and legal | 2,873 | 1.40% |
| Health | 2,780 | 1.35% |
| Financial administration | 2,057 | 1.00% |
| Police protection | 819 | 0.40% |
| Protective inspection and regulation | 632 | 0.31% |
| Natural resources | 491 | 0.24% |
| Housing and community development | 469 | 0.23% |
| Employment security administration | 394 | 0.19% |
| Other governmental administration | 355 | 0.17% |
| General public buildings | 230 | 0.11% |
| Parks and recreation | 155 | 0.08% |
| Solid waste management | 114 | 0.06% |
| Air transport | 82 | 0.04% |
| Libraries | 46 | 0.02% |
| Sea and inland port facilities | 26 | 0.01% |
| Sewerage | 0 | 0% |
| Liquor store expenditure | 0 | 0% |
| Parking facilities | 0 | 0% |
| Miscellaneous commercial activities | 0 | 0% |
| Fire protection | 0 | 0% |
| Total | 184,009 | 100% |
Financial Institutions
[edit]Top ten banks by assets in New York[14]
| Rank | Bank | Assets $ billions 3/31/13 | Net income $ millions 2012 | Headquarters | Employees 2012 |
|---|---|---|---|---|---|
| 1 | J.P. Morgan Chase & Co. | 2,389 | 2,404[15] | New York | 260,157[16] |
| 2 | Citigroup | 2,176 | 11,067[17] | New York | 266,000[18] |
| 3 | Goldman Sachs | 959 | 7,292[19] | New York | 33,300[20] |
| 4 | Morgan Stanley | 801 | 4,110[21] | New York | 61,899[22] |
| 5 | Bank of New York Mellon | 355 | 2,427[23] | New York | 29,500[24] |
| 6 | HSBC North America | 305 | New York | ||
| 7 | American Express | 156 | 4,482[25] | New York | 62,500[26] |
| 8 | M&T Bank | 82 | 1,029[27] | Buffalo | 13,640[28] |
| 9 | Deutsche Bank USA | 75 | New York | ||
| 10 | Utrecht-America Holdings | 48 | New York |
References
[edit]- ^ http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm
- ^ http://www.census.gov/popest/data/state/totals/2012/index.html
- ^ http://bber.unm.edu/econ/st-gdp5.htm
- ^ http://www.newyork-demographics.com/
- ^ http://www.newyork-demographics.com/cities_by_population
- ^ http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm
- ^ http://www.bls.gov/eag/home.htm
- ^ http://money.cnn.com/magazines/fortune/fortune500/2012/states/NY.html
- ^ http://money.cnn.com/magazines/fortune/global500/2012/full_list/401_500.html
- ^ http://www.census.gov/govs/local/
- ^ http://www.census.gov/govs/local/
- ^ http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm
- ^ http://www.census.gov/govs/local/
- ^ http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx
- ^ http://money.cnn.com/magazines/fortune/fortune500/2012/states/NY.html
- ^ http://money.cnn.com/magazines/fortune/global500/2012/full_list/
- ^ http://money.cnn.com/magazines/fortune/fortune500/2012/states/NY.html
- ^ http://money.cnn.com/magazines/fortune/global500/2012/full_list/
- ^ http://www.goldmansachs.com/investor-relations/financials/current/10k/2012-10-K.pdf
- ^ http://money.cnn.com/magazines/fortune/global500/2012/full_list/
- ^ http://money.cnn.com/magazines/fortune/fortune500/2012/states/NY.html
- ^ http://money.cnn.com/magazines/fortune/global500/2012/full_list/
- ^ http://www.bnymellon.com/investorrelations/annualreport/2012/finann2012.pdf
- ^ http://www.bnymellon.com/investorrelations/annualreport/2012/2012annual.pdf
- ^ http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=AXP
- ^ http://money.cnn.com/magazines/fortune/global500/2012/full_list/
- ^ http://files.shareholder.com/downloads/MTB/2622101175x0x641856/F5A93DFF-668E-41E1-BD78-338B8C3BDAFC/2012_MTB_Annual_Report.pdf
- ^ http://files.shareholder.com/downloads/MTB/2622101175x0x641856/F5A93DFF-668E-41E1-BD78-338B8C3BDAFC/2012_MTB_Annual_Report.pdf