4 ms·
While NYC is great, and our biggest city, etc., one difference from other countries is that New York State (the whole thing), only represents 8.1% of US GDP. Ev
by sib 3y ago
While NYC is great, and our biggest city, etc., one difference from other countries is that New York State (the whole thing), only represents 8.1% of US GDP. Even if you add all of New Jersey and Connecticut, you get about 12.3% of total GDP.
As states, both California & Texas have greater share of GDP than NY.
So US GDP is much less concentrated than in some other countries.
- dragonwriter 3y agoYes, the US is much less capital-concentrated than many other countries, even viewing NYC rather than DC as the center of concentration. Did not mean to suggest otherwise, but it is worth explicitly noting.