Unique New York - Key indicators of the economic performance of New York State
The Public Policy Institute, Albany NY
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September, 2011

 
Amount
Growth
US Rank
Source
1. Gross State Product 2010
$1,159,540,000,000
  US Rank: 3 (Bureau of Economic Analysis, interactive map)
2. Per-capita Gross State Product 2010
$53,377
   US Rank: 6 (Bureau of Economic Analysis, interactive map)
3a. Personal Income Growth by state (2000-2010)
2000 $657,894,432,000 2010 $946,053,718,000
 Percent growth: 43.8% US Rank: 38
(for PI growth between 2000 and 2010)		 (Bureau of Economic Analysis, interactive map)
3b. Personal Income Growth by state, (1999-2009) 1999: $616,056,731,000
2009: $908,997,016,000		 Percent growth: 47.55% US Rank: 44
(for PI growth between 1999 and 2009)		 (Bureau of Economic Analysis, interactive map)
4. Personal Income Downstate 2009 (12-county MTA Region)
1999: $459,523,914
2009: $681,624,228,000
State share: 75.5%
Personal Income Growth Downstate 1999-2009: 48.3%
 US Rank: Downstate NY Region ranks behind 42 states when comparing personal income growth between 1999 and 2009 (Bureau of Economic Analysis, interactive map)
5. Personal Income Upstate 2009 (50 non-MTA Region counties)
1999: $155,672,962,000
2009: $221,433,239,000
State share: 24.5%
Personal Income Growth Upstate 1999-2009: 42.2%
 US Rank: Upstate NY Region lags behind all states except for Ohio, Michigan and Indiana, in terms of personal income growth between 1999 and 2009 (Bureau of Economic Analysis, interactive map)
6. Population Growth 2000-2010
July 2000: $18,996,959
July 2010: $19,577,730
Percent Growth: 3.1%
 US Rank (% growth): 42 (U.S. Census Bureau, Population Estimates)
7. Population Growth Downstate 2000-2010 July 2000: $12,708,074
July 2010: $13,355,539
Percent growth: 5.1%
 US Rank: 36 (U.S. Census Bureau, Population Estimates)
8. Population Growth Upstate 2000-2010 July 2000: 6,288,885
July 2010: 6,222,191
Percent growth: -1.1%
 US Rank: Behind all
US states and
Washington, DC		 (U.S. Census Bureau, Population Estimates)
9. State and Local Tax Burden per Capita, 2009
NY tax burden per capita: $6,157
   US Rank: 3 (Tax Foundation data)
10. Local Property Taxes 2007-2009, as a percentage of home value     US Rank: Top 15 counties located in NY (Tax Foundation data)
11.State and Local Tax Burden as a Percentage of State Income, 2009 Percent of taxpayer income used for state and local taxes: 12.1%   US Rank: 2 (Tax Foundation, State and Local Tax Burdens: All states, One Year, 1977-2009)
12. State and Local Corporate Income Tax Per-capita 2008 $583   US Rank: 2 (Tax Foundation data)
13. State and Local Government Debt Per-capita 2008
$13,872
   US Rank: 3 (Tax Foundation data)
14. Estimated Per Pupil Public Elementary and Secondary School Expenditures, 2011
$17,750
   US Rank: 1 (State Rankings 2011: A Statistical View of America)
15. Median Cost of Housing per Month (owner occupied) 2005-2009
$1,898
   US Rank: 8 (U.S Census Bureau, American FactFinder data)
16. Cost of Electricity 2009 (cents per kilowatt-hour)
15.52
(63% above U.S. avg)
 US Rank: 3 (U.S. Energy Information Administration data)
17. Business Tax Climate Index 2011  
2011: 3.73
 US Rank: 50 (Tax Foundation, Background Paper, 2011 State Business Tax Climate Index)
18. New Economy Index 2010
71.3
   US Rank: 10 (The Information Technology and Innovation Foundation, 2010 State New Economy Index )
19. Total full and part-time private employment growth Statewide, April ’11: 7,103,400
Year-to-year change statewide: +100,100
Year-to-year change Upstate: +28,700
Year-to-year change Downstate: +51,300		   New York ranking to other states 9 (-2.3%) (2008-2009) (Bureau of Economic Analysis data, NYSDOL data)

Personal income growth data does not take into account the rate of inflation