- Latin America
- The Crossroads
- Transatlantic Policy Lab
- TTIP Decision Theater
- TTIP Town Hall
- Newpolitik: Germany’s Emerging Role in a New World
- Europe's Reluctant Leader
- Germany's Response to the Refugee Situation
- Preserving an Old Model in a New World
- The End of Panda Politics
- TTIP and Germany
- The Energiewende
- Germany's Security Policy
- Russia - A Threat to European Security?
- Understanding German Data Protection
- The Middle East and Germany
Boston, Massachusetts (December 8, 2015)
Boston is Massachusetts’ capital and largest city, with a metro population of approximately 2 million and a gross metro product of $171.6 billion. Major industries in the Greater Boston region include education, biotechnology, tourism and financial services.
Over 40 percent of Greater Boston’s employment is concentrated in three industries: healthcare, professional and technical services and finance and insurance. Boston has a labor force of 354,299 and employer demand for labor in the city is the highest in the state, averaging 37,290 job postings per month.
Massachusetts is the most educated state in the nation and has the highest concentration of science and engineering degrees in the country. There are over 50 colleges and universities located in the Greater Boston area, with more than 250,000 students in Boston and Cambridge alone.
Massachusetts, and Boston in particular, are major exporters and attractive destinations for international business. Massachusetts-based firms exported over $27.3 billion in goods and services in 2014. In the same year, the Commonwealth’s top export commodities were optic, photo and medical instruments, electric machinery and industrial machinery, including computers. Canada, the United Kingdom, Mexico, China and Japan are the state’s top five export partners, respectively. Massachusetts was first in the nation for access to capital in 2014, according to CNBC. There are several Fortune 500 companies based in the Boston Metro Area, including Reebok International, Liberty Mutual Insurance Group, Staples, Gillette and Boston Scientific.
Massachusetts Economy At a Glance
Population: 6,745,408 (2014)
Labor Force: 3,557,500 (2014)
Gross Domestic Product (GDP): $424,991 (2014), GDP Per Capita: $63,005 (2014)
GDP Ranking among US States: 15th
Household median income: $64,157 (2014)
- Brigham and Women’s Hospital
- Massachusetts General Hospital
- Boston Children’s Hospital
- Boston University School of Medicine
- Boston University
- EMC Corporation
- Floating Hospital for Children
- John Hancock
- Liberty Mutual Group, Inc.
Photo credit: Matthias Rosenkranz, https://www.flickr.com/photos/rosenkranz/2788839653