The New Jersey Economic Development Authority (NJEDA) has unveiled the 2025 New Jersey Global Economic Index. This annual report, introduced last year, evaluates foreign direct investment (FDI) sources into New Jersey and aims to foster international business relationships while supporting Governor Phil Murphy’s global economic development objectives.
Governor Murphy highlighted the importance of global partnerships in his statement: “Throughout my administration, New Jersey has built robust connections with important global partners – from Ireland to the Middle East, and beyond.” He added that the index provides insights crucial for enhancing the state’s economic strategy and generating opportunities for residents.
The index includes 42 countries this year, adding Malaysia, Thailand, Romania, Iceland, and Argentina. It shows strong regional economic ties with Europe, Asia Pacific, and North America. Notably, India ranks as New Jersey’s top global partner followed by Canada, the United Kingdom, and China. Other significant partners include the Netherlands, Germany, Switzerland, Israel as well as Japan and South Korea in the Asia-Pacific region.
NJEDA Chief Executive Officer Tim Sullivan remarked on New Jersey’s progress: “This year’s Global Economic Index underscores how far we’ve come in making New Jersey a top-tier destination for international investment.”
Governor Murphy has actively pursued international engagement through economic missions to various countries including India and Ireland. Offices have been opened in these regions to strengthen ties. Recently trips were made to Saudi Arabia and other Middle Eastern nations with plans for future visits to Israel and Mexico.
Wesley Mathews of Choose New Jersey commented on the growing international interest: “The Global Economic Index reinforces what we see every day at Choose New Jersey — that international interest in New Jersey is growing and diversifying.”
Andrew Gross from NJEDA noted that tracking global investments offers valuable insights into promoting growth within under-engaged areas of the state’s economy.
The report was developed by NJEDA’s Office of International Innovation and Partnerships alongside their Department of Economics and Data Analytics. The full document is available online for public access.
