U.S. GDP RANK #3 · NY 8.03% OF U.S. GDP
New York Economy: GDP, Income, Jobs & Housing
In 2025, New York (NY) generated $2,465.7 billion in nominal Gross Domestic Product (8.03% of the U.S. economy, ranked #3 nationwide) and $1,890.8 billion in real chained 2017 dollars. Per-capita personal income stood at $91,504 across a resident population of 20.00 million.
2025 Nominal GDP
$2,465.7B
U.S. Rank #3
Real GDP Growth
+2.48% 5Y Real: +13.9%
Per-Capita Income $91,504 BEA Personal Income
Avg Wage / Job $99,540 13.50M total jobs
Population 20.00M
10Y: +-0.4%
5Y Home Price
+55.1% FHFA Index: 1,125.8
BEA & FHFA REGIONAL SERIES · 1997-2025
New York GDP, Per-Capita Income & House Price Trajectory
New York Historical Economic Ledger (1997-2025)
| Year | Nominal GDP ($B) | Real GDP ($B) | Real YoY % | Per-Capita Inc | Avg Wage/Job | Jobs (M) | FHFA HPI |
|---|---|---|---|---|---|---|---|
| 2025 | $2,465.7B | $1,890.8B | 2.48% | $91,504 | $99,540 | 13.50M | 1,125.8 |
| 2024 | $2,328.2B | $1,845.2B | 3.87% | $86,835 | $94,635 | 13.40M | 1,052.5 |
| 2023 | $2,160.9B | $1,776.4B | 0.69% | $82,530 | $90,972 | 13.07M | 975.1 |
| 2022 | $2,040.5B | $1,764.2B | 1.72% | $77,434 | $88,870 | 12.80M | 914.1 |
| 2021 | $1,914.8B | $1,734.3B | 4.49% | $76,446 | $87,077 | 12.23M | 807.8 |
| 2020 | $1,774.5B | $1,659.8B | -2.61% | $70,349 | $82,137 | 11.87M | 725.8 |
| 2019 | $1,787.4B | $1,704.3B | 2.35% | $66,455 | $74,753 | 12.75M | 691.6 |
| 2018 | $1,710.7B | $1,665.2B | 2.48% | $64,224 | $72,352 | 12.66M | 663.4 |
| 2017 | $1,624.8B | $1,624.8B | 2.15% | $62,201 | $70,207 | 12.39M | 632.3 |
| 2016 | $1,556.8B | $1,590.6B | 1.58% | $58,396 | $67,421 | 12.26M | 605.5 |
| 2015 | $1,498.5B | $1,565.8B | 1.98% | $56,604 | $66,844 | 12.10M | 585.7 |
| 2014 | $1,434.6B | $1,535.4B | 2.23% | $54,508 | $65,188 | 11.87M | 566.2 |
| 2013 | $1,364.6B | $1,501.8B | 0.37% | $52,877 | $62,417 | 11.62M | 556.1 |
| 2012 | $1,324.5B | $1,496.3B | 3.88% | $52,628 | $61,979 | 11.43M | 552.6 |
| 2011 | $1,245.8B | $1,440.3B | 0.61% | $50,775 | $61,035 | 11.29M | 559.8 |
| 2010 | $1,217.7B | $1,431.6B | 3.78% | $48,580 | $59,482 | 11.01M | 571.8 |
| 2009 | $1,155.5B | $1,379.5B | 3.87% | $46,936 | $56,960 | 10.98M | 588.4 |
| 2008 | $1,107.9B | $1,328.1B | -1.90% | $47,909 | $59,408 | 11.20M | 614.8 |
| 2007 | $1,116.3B | $1,353.8B | 1.06% | $47,020 | $58,537 | 11.08M | 633.7 |
| 2006 | $1,072.3B | $1,339.6B | 2.93% | $43,760 | $54,681 | 10.81M | 630.0 |
| 2005 | $1,009.9B | $1,301.4B | 2.52% | $40,645 | $51,204 | 10.65M | 591.4 |
| 2004 | $958.6B | $1,269.4B | 2.66% | $39,093 | $49,199 | 10.51M | 523.5 |
| 2003 | $908.5B | $1,236.6B | 0.65% | $37,420 | $46,562 | 10.38M | 464.0 |
| 2002 | $885.4B | $1,228.6B | -0.98% | $36,972 | $45,602 | 10.35M | 420.7 |
| 2001 | $876.3B | $1,240.8B | 1.95% | $37,176 | $46,043 | 10.44M | 380.7 |
| 2000 | $839.9B | $1,217.0B | 3.83% | $35,955 | $44,660 | 10.42M | 348.0 |
| 1999 | $794.0B | $1,172.1B | 5.38% | $33,641 | $41,546 | 10.16M | 319.0 |
| 1998 | $745.0B | $1,112.3B | 2.43% | $31,995 | $40,024 | 9.90M | 301.7 |
| 1997 | $716.1B | $1,085.9B | - | $30,398 | $37,947 | 9.73M | 287.1 |