ECONOMY
CITY FOCUS | NEW YORK
“ Tech companies have found compelling operational reasons to base their businesses in Brooklyn ”
With over 600 languages spoken , New York City is one of the most linguistically diverse places in the world . Ellis Island and Liberty Island are symbols of the city ’ s history of ethnic diversity and partnership with other nations - the latter featuring the iconic Statue of Liberty . A present from France to celebrate the USA ’ s centennial , the statue was officially dedicated in 1886 and was constructed from 350 separate pieces .
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ECONOMY
The Greater New York City region has a GDP of US $ 1.21trn , making it the second-largest metropolitan economy in the world after Tokyo , Japan . In 2012 , it was recorded that New York City accounted for roughly 8 % of the USA ’ s GDP , although the city itself only uses about 1 % of the country ’ s total landmass . Home to more than 380,000 millionaires and 78 billionaires , New York City ’ s Federal Reserve Bank possesses the world ’ s largest quantity of stored gold . Contained in a vault hidden 80ft beneath the earth is 7,000 tonnes of gold bullion , approximately 5 % of all the gold that has ever been mined .
MARCH 2020