Research

NYC Economic Update: Three Years After 9/11

September 10, 2004

Overview

In the three years since 9/11, NYC’s economy has struggled to regain its footing and suffered through a prolonged recession. In mid-November 2001, about eight weeks after the attack on the World Trade Center, the New York City Partnership issued an analysis of 9/11’s impact on the city’s economy. The data presented in this report documents the city’s economic health three years after the attacks.


$12B

Personal income fell by $12 billion between 2001 and 2003.


20%

Financial Activities sector — the sector most affected by the events of 9/11 — total personal income fell by over 20%.

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© 2025 Partnership for New York City. All rights reserved.
Follow Us
Contact
One Battery Park Plaza
5th Floor
New York, NY 10004

Receive timely reports and information from the Partnership.

© 2025 Partnership for New York City. All rights reserved.