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New York

Annual economic activity

$2T

Population

8.3M

Companies

1.1M

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The City That Never Sleeps

New York City comprises 5 boroughs sitting where the Hudson River meets the Atlantic Ocean. At its core is Manhattan, a densely populated borough that’s among the world’s major commercial, financial and cultural centers. Its iconic sites include skyscrapers such as the Empire State Building and sprawling Central Park. Broadway theater is staged in neon-lit Times Square. 

Situated on one of the world's largest natural harbors, New York City is composed of five boroughs, each of which is a county of the State of New York. The five boroughs—Brooklyn, Queens, Manhattan, the Bronx, and Staten Island—were created when local governments were consolidated into a single city in 1898. The city and its metropolitan area constitute the premier gateway for legal immigration to the United States. As many as 800 languages are spoken in New York, making it the most linguistically diverse city in the world. New York is home to more than 3.2 million residents born outside the United States, the largest foreign-born population of any city in the world as of 2016. As of 2019, the New York metropolitan area is estimated to produce a gross metropolitan product (GMP) of $2.0 trillion. If the New York metropolitan area were a sovereign state, it would have the eighth-largest economy in the world. New York is home to the highest number of billionaires of any city in the world.

Many districts and landmarks in New York City are well known, including three of the world's ten most visited tourist attractions in 2013. A record 62.8 million tourists visited New York City in 2017. Times Square is the brightly illuminated hub of the Broadway Theater District, one of the world's busiest pedestrian intersections, and a major center of the world's entertainment industry. Many of the city's landmarks, skyscrapers,  and parks are known around the world. The Empire State Building has become the global standard of reference to describe the height and length of other structures. Manhattan's real estate market is among the most expensive in the world. Providing continuous 24/7 service and contributing to the nickname The City That Never Sleeps, the New York City Subway is the largest single-operator rapid transit system worldwide, with 472 rail stations. The city has over 120 colleges and universities, including Columbia University, New York University, Rockefeller University, and the City University of New York system, which is the largest urban public university system in the United States. Anchored by Wall Street in the Financial District of Lower Manhattan, New York City has been called both the world's leading financial center and the most financially powerful city in the world, and is home to the world's two largest stock exchanges by total market capitalization, the New York Stock Exchange and NASDAQ.

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