We’re Number One . . .
. . .thanks to the economic contributions of Center Moriches and Bridgeport:
Posted: July 25th, 2008 | Filed under: Follow The Money, Need To Know, Simply The Best Better Than All The Rest, The Geek OutNew data show the New York metropolitan area is the largest contributor to America’s gross domestic product, but its position at the top of the national ranking may be due more to the inclusion of neighboring economic powerhouses such as Greenwich and Stamford, Conn., than its own economic strength.
New York City actually is responsible for less than half of all economic activity in its own metropolitan area, the data show. According to the city comptroller’s office, its economic activity constitutes 43% of the region’s total economy.
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The New York City metropolitan area, which includes parts of Connecticut up to Bridgeport, as well as Long Island and northern New Jersey, accounts for 6.6% of the country’s population while contributing 9.1%, or $1.129 trillion, of the country’s GDP.
The Los Angeles metropolitan area came in second place, contributing 6.3% of U.S. GDP or $788.9 billion. Although the New York region has 7% more people than the Los Angeles area, New York contributed 43% more to the country’s GDP.