NEC report: Financial services produce 9% of R.I. economy

A STUDY BY THE NEW ENGLAND COUNCIL shows that the financial services industry accounts for 4.2 percent of Rhode Island's direct employment but contributes 9 percent of the state's gross domestic product.
A STUDY BY THE NEW ENGLAND COUNCIL shows that the financial services industry accounts for 4.2 percent of Rhode Island's direct employment but contributes 9 percent of the state's gross domestic product.
PROVIDENCE – Although Rhode Island’s financial services industry accounted for 4.2 percent of direct employment in 2015, the industry contributed 9 percent of the state’s gross domestic product, ranking 8th most in the country. That’s according to a new report called “The New England Financial Services Industry: Around the Corner and Around the World,” released…

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