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A1US GDP 2025 $30.86T│A2Real growth +2.3%│A3CPI, 12 mo to Sep 2026 +3.7%│A4Unemployment 2025 4.3%BEA · BLS · Census — updated October 29, 2026
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NY!A1=PROFILE("New York")

New York economy

New York produced $2.47 trillion of goods and services in 2025, ranking #3 among the states. Below: growth, income, prices, jobs and the industries behind the total.

Capital Albany20,002,427 people, 2025Statehood 1788Mideast region
GDP, 2025$2.47T#3 of 51 · 8.0% of US
Real GDP growth, 2025+2.5%#15 of 51 · US +2.3%
Income per person, 2025$91,504#4 of 51 · US $77,028
Unemployment, September 20264.3%#36 of 51 · #1 = lowest
Fig. 1GDP, 1997–2025Current dollars and real (chained 2017) dollars, billions
$0B$1T$2T$3T200020052010201520202025Current dollarsReal, 2017 dollars
Current dollarsReal, 2017 dollars

BEA, GDP by state (SAGDP1). 2025 is the latest annual estimate.

Industries, 2025

Value added by industry and its share of the state economy; rank among 51 by share.

IndustryValue addedSharevs US shareRank
Real estate$351.8B14.3%+0.5 pp14
Government$235.9B9.6%−1.5 pp39
Manufacturing$84.8B3.4%−6.1 pp47
Finance & insurance$521.1B21.1%+12.4 pp2
Professional services$212.9B8.6%+0.6 pp9
Health care$183.2B7.4%−0.1 pp32
Wholesale trade$100.3B4.1%−2.3 pp45
Retail trade$106.2B4.3%−1.6 pp48
Information$204.1B8.3%+2.6 pp3
Construction$68.3B2.8%−1.6 pp50
Transportation & warehousing$67.3B2.7%−0.5 pp35
Accommodation & food$67.5B2.7%−0.4 pp39
Administrative & waste services$64.0B2.6%−0.4 pp40
Other services$42.5B1.7%−0.3 pp48
Management of companies$36.8B1.5%−0.3 pp28
Utilities$33.3B1.4%−0.3 pp46
Mining, oil & gas$1.2B0.0%−1.2 pp48
Education$47.9B1.9%+0.8 pp8
Arts & recreation$33.0B1.3%+0.3 pp5
Agriculture$3.5B0.1%−0.7 pp47
Fig. 2Unemployment rate, 2000–2026Monthly, seasonally adjusted, percent of the labor force
0%5%10%15%20%200020052010201520202025Unemployment rate

BLS, Local Area Unemployment Statistics. Latest month: September 2026.

Metro areas in New York

Metro areas with at least one county in the state; multi-state metros are shown in full. Sums of BEA county estimates, 2024.

Metro areaPopulationGDPIncome per personUnemployment
New York-Newark-Jersey City, NY-NJ19,940,274$2.44T$94,4604.8%
Buffalo-Cheektowaga, NY1,160,172$94.7B$63,7944.1%
Rochester, NY1,057,218$84.1B$65,4683.7%
Albany-Schenectady-Troy, NY913,485$91.9B$76,5593.4%
Kiryas Joel-Poughkeepsie-Newburgh, NY711,730$48.1B$68,2273.6%
Syracuse, NY655,189$54.8B$63,8813.7%
Utica-Rome, NY287,932$17.0B$57,6343.9%
Binghamton, NY243,971$14.2B$55,8214.1%
Kingston, NY182,977$10.5B$69,0903.6%
Glens Falls, NY125,127$9.4B$62,3983.6%
Watertown-Fort Drum, NY113,140$8.3B$58,1494.5%
Ithaca, NY105,602$8.0B$56,4893.5%
Elmira, NY81,115$4.8B$56,1563.9%