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- The Brookings Institute (headquartered in Washington DC) measures London's GDP to be $731bn. For reference, San Francisco stands at $301bn: Global MetroMonitor | Brookings Institution
- McKinsey (headquartered in New York) measures London's GDP to be $752bn. For reference, San Francisco stands at $283bn: The Most Dynamic Cities of 2025
Reputable ranks on economic power, London ranks in the top 4 every time. San Francisco doesn't figure:
I suggest you come up with a much better excuse for ignoring the difference between gva and gdp before you start spamming this ad nauseam.
Comparing total GDP between world cities is nothing new, although it's only one of the many stats that contribute to a city's wealth. There're numerous reports out there with the statistics (compiled by professionals that actually know what they are doing) that 18Montclair is trying to add up by himself.
- The Brookings Institute (headquartered in Washington DC) measures London's GDP to be $731bn. For reference, San Francisco stands at $301bn: Global MetroMonitor | Brookings Institution
Nope. You are changing the subject and revising the parameters of your past comment, and by the way, for GDP, no one takes a think tank's word over a government statistical source so FAIL on that.
Now, sweetie,
YOU SAID: The economy of London ALONE is greater than the WHOLE Bay Area.
London "Alone" the statistical area, has 8.3 Million people and a GDP of $501 Billion according to the British Government and that is NOT GREATER THAN the WHOLE Bay Area.
Not by 105B dollars actually.
Last edited by Rozenn; 05-25-2014 at 04:15 PM..
Reason: Cross-posting
It's 'weep', and the rather irrelevant fact that London is economically more powerful than the San Francisco area doesn't make me feel any type of way.
Nope. You are changing the subject and revising the parameters of your past comment, and by the way, for GDP, no one takes a think tank's word over a government statistical source so FAIL on that..
The fact that they use gva for regional comparisons does not mean that it represents the total gdp for each region.
No, I only read the bible on Sunday.
In the meantime, here's a quote directly from that pdf: What is Gross Domestic Product?
Gross Domestic Product (GDP) is defined as the total value of all goods and services
produced within a country. In the United Kingdom
What is Gross Value Added? Gross Value Added (GVA) measures the contribution to the economy of each individual producer, industry or sector in the United Kingdom... GVA also allows for regional analysis and productivity comparisons to be made.
And it makes sense.
The way that industries are added together to determine their contribution to the GDP, the ONS does the same thing for regions. They call it GVA but their regional sums are indeed their contribution to the national GDP.
It doesn't say partial contribution, it says contribution. Regional Contribution to the National GDP could be called their regional GDP as well. It's not difficult to comprehend.
Unless you or anyone else can actually find a uk.gov statistical gathering site(and not some fluffy pr, chamber of commerce blip from a local authority) that specifically shows regional GDP for every region in the UK and is called "GDP"(in the which case I will happily stand corrected) then you should probably concede that GVA is the measure for regional GDP in the UK.
This sorry sidetrack and bluster distracts from the fact that San Francisco (a great city in its own right) doesn't match to London in most comparative aspects. Music, arts, theatre, fashion, culture, history, transport and so on.
It's not a fair comparison.
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