The Economy

New York City is a global hub of international business and commerce. It is also one of three "command centers" for the world economy. The city is a major center for banking and finance, world trade, transportation, tourism, and media. In 2010, the New York metropolitan area had a gross metropolitan product of approximately $1.28 trillion, making it the largest regional economy in the United States. On top of that, by the end of 2008, New York controlled 40% of the worlds finances, making it the largest financial center in the world. Midtown Manhattan is the largest central business district in the United States. Wall Street is located in Lower Manhattan, which is the 3rd largest central business district in the United States, and is home to the New York Stock Exchange.