New York Business and Economy

New York's is third-largest economy in the United States. New York city dominates the economy of New York state. It is a major banking, finance and communication hub and is home to New York Stock Exchange(NYSE) on Wall Street, Manhattan.

Canada is a very important trading partner for the state. In 2007, 21% of the state's export went to Canada. The largest imports of the state are oil, gold, aluminum, natural gas, electricity, rough diamonds and lumber.

Tourism is an important industry. The major tourist destinations in the state are the Times Square, Statue of Liberty, Central Park, American Museum of Natural history, the Empire State building and Staten Island Ferry. Tourism thrives mostly during the summers.

Mining in the state is concentrated in three areas: near New York city, Adirondack Mountains and the Allegheny Plateau. In the area near New York City, minerals and construction materials are extracted, whereas in Adirondack Mountains specialized products such as talc, zinc and industrial garnets are found. Allegheny Plateau is the region of drilled wells. Salt is the only major liquid extracted out of the brine. However, there are also a few petroleum reserves in this area.

Gross State Product	$1,114,000,000
Per capita income	$46,364
Unemployment rate	8.8%
Major industries	Tourism, fishing, mining, agriculture, manufacturing
Major sectors	Mining, agriculture, banking, finance and communication, manufacturing

New York is a leading agricultural producer, and ranks among the top-five American states for agricultural products such as dairy, apples, cherries, cabbage, etc. It is the largest producer of cabbage in the United States.

It is the third-largest grape-producing state and second-largest wine-producer by volume. It has a saltwater commercial fishery along the Atlantic side of Long Island. Its industrial outputs are printing and publishing, scientific instruments, electric equipments, machinery and chemical products.