New England

:This article is about the region in the United States of America. For other uses, see New England (disambiguation).

Economy

In the twentieth century, most of New England's traditional industries have relocated to states or foreign countries where goods can be made more cheaply. In more than a few factory towns, skilled workers have been left without jobs. Largely around Boston in the ring of Route 128, the gap has been partly filled by high technology industries, in particular biotech. Education, high technology, financial services, tourism, and medicine, continue to drive the local economy.

Related Topics:
Boston - Route 128

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In the southwestern Connecticut counties of Fairfield and New Haven the economy is more closely associated with New York City, and the economy is more often viewed as an extension of the New York Metropolitan Area. For years many residents of southwestern Connecticut have crossed the state line each day to work in Manhattan. More recently, New Yorkers have begun to travel into Connecticut as part of a reverse commute to many of the job centers developed in the suburbs.

Related Topics:
New York City - New York Metropolitan Area - Reverse commute

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The GDP of New England is approximately $649 billion; per capita it is $45,786

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