Unique New York - Key indicators of the economic performance of New York State
The Public Policy Institute, Albany NY
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June, 2010

 
Amount
Growth
US Rank
Source
1. Gross State Product 2008
$1,144,481,000,000
 
US Rank: 3
(Bureau of Economic Analysis, US Department of Commerce)
2. Per-capita Gross State Product 2008
$58,718
 
US Rank: 3
(Bureau of Economic Analysis, US Department of Commerce, US Census Bureau)
3. Personal Income Growth
1999 $616,056,731,000
2009 $917,610,217,000
Percent growth: 49%
US Rank: 36
(Regional Economic Information System, Bureau of Economic Analysis, US Department of Commerce)
4. Personal Income Downstate 2008 (12-county MTA Region)
$721,674,618,000
State share: 71.4%
Personal Income Growth Downstate 1998-2008: 65%
US Rank: Downstate NY Region lags behind 24 states
(US Census Bureau)
5. Personal Income Upstate 2008 (50 non-MTA Region counties)
$288,534,886,000
State share: 28.6%
Personal Income Growth Upstate 1998-2008: 51%
US Rank: Upstate NY Region lags behind all states except Ohio and Michigan
(US Census Bureau)
6. Population Growth 2000-2009
April 2000: 18,976,457
July 2009: 19,541,453
Percent Growth: 3%
US Rank (by percent growth): 42
(US Census Bureau, Population Estimates Program)
7. Population Growth Downstate 2000-2009  
Percent growth: 5%
US Rank: 36
(US Census Bureau, Population Estimates Program)
8. Population Growth Upstate 2000-2009  
Percent growth: -1%
US Rank: Behind all US states and Washington, DC
(US Census Bureau, Population Estimates Program)
9. Local Property Tax 2009
Total Levy: $45,874,550,784
Per-capita levy: $2,353.71
 
US Rank by per-capita levy: NY is in top 3
(Office of the NYS Comptroller)
10. State and Local Personal Income Tax Per-capita 2007
$2,200
 
US Rank: 1
(Tax Foundation)
11. State and Local Corporate Income Tax Per-capita 2007
$640
 
US Rank: 2
(Tax Foundation)
12. State and Local Taxes as a Percentage of State Income 2008  
11.7%
US Rank: 2
(Tax Foundation)
13. State and Local Government Debt Per-capita 2007
$13,384
 
US Rank: 3
(US Census Bureau, Tax Foundation)
14. State and Local Spending Per-capita 2010
$14,742
 
US Rank: 4
(usgovernmentspending.com)
15. Medicaid Spending Per-capita 2007
$2,298
 
US Rank: 1
(Kaiser Family Foundation)
16. K-12 Education Spending Per-student 2007
$15,981
 
US Rank: 1
(Survey of Local Government Finances, School Systems US Census)
17. Median Cost of Housing per Month 2007
$1,865
 
US Rank: 5
(US Census Bureau)
18. Cost of Electricity 2009 (cents per kilowatt-hour)
 
16.24
(72% above US avg.)
US Rank: 3
(US Energy Information Administration)
19. Business Climate 2010
 
 
US Rank: 50
(American Legislative Exchange Council--Laffer State Economic Competitiveness Index)
20. Business Tax Climate Index  
2011: 3.73
US Rank: 50
(Tax Foundation)
21. Innovation Index 2009
 
74.42
US Rank: 9
(The Information Technology and Innovation Foundation)