UN generates over US$3 billion a year to NYC's economy

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A view of the UN headquarters complex, as seen from the Visitors' Entrance. UN Photo/Yubi Hoffmann

The UN generates US$3.69 billion in total economic output to New York City, a new study by the Mayor's Office for International Affairs has found.

The report, launched on Tuesday, illustrates the UN community's role as a major employer and purchaser of local goods and services.

It also highlights New York City's special role as host city to the UN, specifically the investment made in supporting the UN community.

Jocelyne Sambira reports.

New York City has been host to the UN for seven decades, the New York City Commissioner for International Affairs, Penny Abeywardena recalled. 

The last economic impact analysis of the UN in New York City was conducted almost two decades ago. 

Ms Abeywardena said the aim of the report is to shine a light on the "tangible economic benefits" the UN brings to the City. 

"The UN generates US$3.69 billion in total economic output to the City of New York's economy. Approximately 25,000 full and part-time jobs are attributable to the presence of the UN Community through both direct employment as well as through the number of jobs its presence is estimated to support." 

New York City also incurs costs hosting the UN which is estimated at around US$54 million which includes costs for security and education costs for staff members enrolling their children in public schools. 

However, the UN community contributes US$56 million in net fiscal benefits to the City. 

In 2014, parking tickets issued to vehicles with diplomatic plates accounted for 0.04 per cent of the total number of fines New York City-wide. 

According to media reports, UN employees and diplomats in New York City reportedly owed US $16 million in unpaid parking tickets. 

Jocelyne Sambira, United Nations. 

Duration: 1’24″

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