New York's economic hub is a city.
New York . The state of New York , with an estimated 19.8 million residents in 2015 , is also referred to as New York State to distinguish it from New York City , the state 's most populous city and its economic hub . The home of the United Nations Headquarters , New York City is an important center for international diplomacy and has been described as the cultural , financial , and media capital of the world , as well as the world 's most economically powerful city .