Economy of New York City in the context of "Manhattan"

⭐ In the context of Manhattan, the Economy of New York City is considered…

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⭐ Core Definition: Economy of New York City

The economy of New York City encompasses the largest municipal and regional economy in the United States. In 2023, the New York City Metropolitan Area generated a GMP of US$2.299 trillion. Anchored by Wall Street in Lower Manhattan, New York City has been characterized as the world's premier fintech and financial center. The city is home to the New York Stock Exchange (NYSE, on Wall Street) and Nasdaq (headquartered in Times Square), the world's two largest stock exchanges by both market capitalization and trading activity.

New York City, with its center in Manhattan, is the world's leading center of banking, finance, and communication. Many of the world's largest corporations are headquartered in Manhattan. The borough contained over 500 million square feet (46.5 million m) of office space in 2015, making it the largest office market in the United States. Midtown Manhattan, with nearly 400 million square feet (37.2 million m) that same year, is the largest central business district in the world. New York City is distinctive for its high concentrations of advanced service sector firms in the law, accountancy, banking, and management consultancy fields. It is the top global center for the advertising industry, which is metonymously called "Madison Avenue". Silicon Alley, metonymous for New York's broad-spectrum high technology sphere, continues to expand.

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👉 Economy of New York City in the context of Manhattan

Manhattan is the most densely populated and geographically smallest of the five boroughs of New York City. Coextensive with New York County, Manhattan is the smallest county by area in the U.S. state of New York. Located almost entirely on Manhattan Island near the southern tip of the state, Manhattan is centrally located in the Northeast megalopolis and the urban core of the New York metropolitan area. Manhattan serves as New York City's economic and administrative center and has been described as the cultural, financial, media, and entertainment capital of the world.

Present-day Manhattan was originally part of Lenape territory. European settlement began with the establishment of a trading post by Dutch colonists in 1624 on Manhattan Island; the post was named New Amsterdam in 1626. The territory came under English control in 1664 and was renamed New York after King Charles II of England granted the lands to his brother, the Duke of York. New York, based in present-day Lower Manhattan, served as the capital of the United States from 1785 until 1790. The Statue of Liberty in New York Harbor greeted millions of arriving immigrants in the late 19th century and is a world symbol of the United States and its ideals. Manhattan became a borough during the consolidation of New York City in 1898, and houses New York City Hall, the seat of the city's government. Harlem in Upper Manhattan became the center of what is now known as the cultural Harlem Renaissance in the 1920s. The Stonewall Inn in Greenwich Village, part of the Stonewall National Monument, is considered the birthplace in 1969 of the modern gay-rights movement, cementing Manhattan's central role in LGBTQ culture. Manhattan was the site of the original World Trade Center, which was destroyed during the September 11 terrorist attacks in 2001.

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Economy of New York City in the context of New York City

New York, often called New York City (NYC), is the most populous city in the United States. It is located at the southern tip of New York State on New York Harbor, one of the world's largest natural harbors. The city comprises five boroughs, each coextensive with its respective county. It is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States by both population and urban area. New York is a global center of finance and commerce, culture, technology, entertainment and media, academics and scientific output, the arts and fashion, and, as home to the headquarters of the United Nations, international diplomacy.

With an estimated population in July 2024 of 8,478,072, distributed over 300.46 square miles (778.2 km), the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles, the country's second-most populous city. Over 20.1 million people live in New York City's metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, both the largest in the U.S. New York City is one of the world's most populous megacities. The city and its metropolitan area are the premier gateway for legal immigration to the United States. An estimated 800 languages are spoken in New York City, making it the most linguistically diverse city in the world. The New York City metropolitan region is home to the largest foreign-born population of any metropolitan region in the world, approximately 5.9 million as of 2023.

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Economy of New York City in the context of Manhattan Island

Manhattan is the most densely populated and geographically smallest of the five boroughs of New York City. Coextensive with New York County, Manhattan is the smallest county by area in the U.S. state of New York. Located almost entirely on Manhattan Island near the southern tip of the state, Manhattan is centrally located in the Northeast megalopolis and the urban core of the New York metropolitan area. Manhattan serves as New York City's economic and administrative center and has been described as the "capital of the world."

Present-day Manhattan was originally part of Lenape territory. European settlement began with the establishment of a trading post by Dutch colonists in 1624 on Manhattan Island; the post was named New Amsterdam in 1626. The territory came under English control in 1664 and was renamed New York after King Charles II of England granted the lands to his brother, the Duke of York. New York, based in present-day Lower Manhattan, served as the capital of the United States from 1785 until 1790. The Statue of Liberty in New York Harbor greeted millions of arriving immigrants in the late 19th century and is a world symbol of the United States and its ideals. Manhattan became a borough during the consolidation of New York City in 1898, and houses New York City Hall, the seat of the city's government. Harlem in Upper Manhattan became the center of what is now known as the cultural Harlem Renaissance in the 1920s. The Stonewall Inn in Greenwich Village, part of the Stonewall National Monument, is considered the birthplace in 1969 of the modern gay-rights movement, cementing Manhattan's central role in LGBTQ culture. Manhattan was the site of the original World Trade Center, which was destroyed during the September 11 terrorist attacks in 2001.

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Economy of New York City in the context of NYC

New York City (NYC), often simply called New York, is the most populous city in the United States. It is located at the southern tip of the state of New York on New York Harbor, one of the world's largest natural harbors. The city comprises five boroughs, each coextensive with its respective county. It is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States by both population and urban area. New York is a global center of finance and commerce, culture, technology, entertainment and media, academics and scientific output, the arts and fashion, and, as home to the headquarters of the United Nations, international diplomacy.

With an estimated population in July 2024 of 8,478,072, distributed over 300.46 square miles (778.2 km), the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles, the country's second-most populous city. Over 20.1 million people live in New York City's metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, both the largest in the U.S. New York City is one of the world's most populous megacities. The city and its metropolitan area serve as the premier gateway for legal immigration to the United States. An estimated 800 languages are spoken in New York City, making it the most linguistically diverse city in the world. The New York City metropolitan region is home to the largest foreign-born population of any metropolitan region in the world, approximately 5.9 million as of 2023.

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Economy of New York City in the context of New York, New York

New York, often called New York City (NYC), is the most populous city in the United States. It is located at the southern tip of New York State on New York Harbor, one of the world's largest natural harbors. The city comprises five boroughs, each coextensive with its respective county. It is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States by both population and urban area. New York is a global center of finance and commerce, culture, technology, entertainment and media, academics and scientific output, the arts and fashion, and, as home to the headquarters of the United Nations, international diplomacy.

With an estimated population in July 2024 of 8,478,072, distributed over 300.46 square miles (778.2 km), the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles, the country's second-most populous city. Over 20.1 million people live in New York City's metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, both the largest in the U.S. New York City is one of the world's most populous megacities. The city and its metropolitan area serve as the premier gateway for legal immigration to the United States. An estimated 800 languages are spoken in New York City, making it the most linguistically diverse city in the world. The New York City metropolitan region is home to the largest foreign-born population of any metropolitan region in the world, approximately 5.9 million as of 2023.

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