Research Special Topics

Vital Signs Update: Economic Realities and Challenges Facing New York City One Year After 9/11

November 2002

Overview

In mid-November 2001, about eight weeks after the attack on the World Trade Center, the New York City Partnership and seven management consulting firms issued an in-depth, 150-page analysis of 9/11’s impact on the city’s economy. The data presented here—first issued to mark the one-year anniversary of 9/11 and updated in November 2002—complement that baseline report.

$3B

New York City was projected to lose $3 billion in revenue over two budget years.

$1B

Despite an overall rise in the number of domestic visitors to New York City in 2001, this group’s spending was down nearly $1 billion.