The 2011 GDP was $486.9 billion, the 7th highest of any state in the U.S., and 3.25% of the nation's GDP. GDP per capita was $55,207.
Trade: In 2011, New Jersey's export trade amounted to $38.7 billion, ranking 11th in the nation. Major exports include precious metals, gemstones, industrial equipment and computers, electronics, optical and medical equipment, medical preparations, chemicals, aircraft parts, industrial machinery, transportation equipment and food products. The ten major exporting countries are: Canada, Britain, Mexico, the Netherlands, China, Japan, Germany, South Korea, Turkey and France.
China is New Jersey's fifth-largest export market, with $1.856 billion in exports to China in 2011, with major exports of machinery, raw metal products, chemicals, waste and scrap, computers and electronic equipment, and transportation equipment.
Foreign investment: New Jersey has more than 1,300 foreign-owned companies and more than 300 foreign manufacturing plants, including 177 companies in Japan, 118 in France, 113 in the United Kingdom, and nearly 100 each in Sweden and South Korea. Industrial Structure Real estate, manufacturing, wholesale trade, finance and insurance, and professional and technical services are the major industries in New Jersey. The manufacturing industry is well developed in NSW, especially the pharmaceutical industry, which ranks first in the United States. In addition, NSW has a leading edge in high-tech research and development and service industries.
New Jersey has more than 200,000 businesses of all types, employing 3.64 million people. A quarter of them have a college or university degree or higher. There are more than 140,000 science and technology professionals in the state***, significantly higher than the percentage of science and technology workers in the labor force of any state in the nation.
Foreign Trade
In 2004, the total value of New Jersey's exports amounted to 19.1 billion U.S. dollars, with chemicals and pharmaceutical products, electronic products, industrial machinery, transportation equipment, instruments, food, paper and related products as the main export products.
China is one of New Jersey's major export markets. In 2004, New Jersey's exports to China ranked 9th with US$579 million, and to Hong Kong ranked 14th with US$429 million (the two together ranked 6th.) New Jersey's top ten major exporting countries in 2004 were: Canada, the United Kingdom, Japan, Mexico, Germany, France, Korea, Italy, China and Belgium. Foreign-Owned Enterprises Foreign-owned enterprises Foreign trade has a strong presence. According to statistics, New Jersey has more than 1,300 foreign-funded enterprises, more than 300 foreign manufacturers set up factories in New Jersey, these foreign-funded enterprises from 48 countries and regions, these foreign-funded enterprises to solve the local employment of 220,000 people, accounting for the state's private sector to employ 7.1% of the labor force, a strong contribution to the development of the local economy and employment. Among the investments from various countries in New Jersey, there are 177 companies from Japan, 118 companies from France, 113 companies from the United Kingdom, and nearly 100 companies each from Sweden and South Korea. Mainland China also has nearly 100 companies registered in New Jersey.