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The US Department of Commerce Bureau of Economic Analysis, shows the latest GDP of Louisville as 72.093 billion, and the GDP of Buffalo is 68.990 billion. That's only about $3B, not 13. https://www.bea.gov/data/gdp/gdp-cou...nd-other-areas
As far back as 2001 Louisville has had a slightly higher GDP than Buffalo, and since 2001 the GDP of Buffalo has grown by 82% in current dollars, while the GDP of Louisville has only grown by 77%, despite its population growth.
So statistically Buffalo has done slightly better than Louisville over time, using official GDP numbers.
The Tesla plant only went into full production within the last year or so, and it is yet to be seen if and how much it contributes to the area economy.
I am not sure how not having the Buffalo Billion would have somehow made things better.
Last edited by RocketSci; 11-15-2020 at 08:16 PM..
The US Department of Commerce Bureau of Economic Analysis, shows the latest GDP of Louisville as 72.093 billion, and the GDP of Buffalo is 68.990 billion. That's only about $3B, not 13. https://www.bea.gov/data/gdp/gdp-cou...nd-other-areas
As far back as 2001 Louisville has had a slightly higher GDP than Buffalo, and since 2001 the GDP of Buffalo has grown by 82% in current dollars, while the GDP of Louisville has only grown by 77%, despite its population growth.
So statistically Buffalo has done slightly better than Louisville over time, using official GDP numbers.
The Tesla plant only went into full production within the last year or so, and it is yet to be seen if and how much it contributes to the area economy.
I am not sure how not having the Buffalo Billion would have somehow made things better.
Somehow I did the math and got 58,700,000 GDP for the Buffalo metro
Difference is your numbers for Erie and Niagara are in 2012 dollars, rather than the latest, which is in 2018 dollars.
But, can still do a comparison for Lville and Bflo in 2012 dollars:
Quote:
CAGDP9 Real GDP by county and metropolitan area 1/
Real GDP: All industry total (Thousands of chained 2012 dollars)
Metropolitan Statistical Area
GeoFips GeoName 2001 2018
15380 Buffalo-Cheektowaga, NY (Metropolitan Statistical Area) 47,849,533 60,321,806
31140 Louisville/Jefferson County, KY-IN (Metropolitan Statistical Area) 51,146,864 64,061,796
Still shows very slightly higher growth in Buffalo between 2001 and 2018 than Louisville, using 2012 dollars. But, basically, this shows that both cities increased GDP at roughly the same rate, even though Louisville increased in population.
I posted the data, and the direct links to the source of the data. If you don't understand what the Bureau of Economic Analysis posts then take it up with them.
I posted the data, and the direct links to the source of the data. If you don't understand what the Bureau of Economic Analysis posts then take it up with them.
Well, that's not a direct link. Post the direct link, please. BTW, when the data differs on the same website, I tend not to believe either. At least one is wrong, or they are including data outside the metro on one, but not the other. I did post a direct link. Just scroll down
This is what I see as well after looking it up for both years. 2018 information shows Buffalo at 68,989,904 and Louisville at 72,093,890.
To everyone, to view the information, just go to the BEA website, click on Data. Then, click on by Topic. You can select "GDP by Metro Area(with Industry Detail). Click next on Interactive Data, where you select GDP by County and Metropolitan Area. You select the same thing on the next page, then GDP in current dollars. Then, select Metropolitan Statistical Area. Next, you select the metros that you want information for and then you select the year. That leads you to finding out the information for the area and year you want.
This is what I see as well after looking it up for both years. 2018 information shows Buffalo at 68,989,904 and Louisville at 72,093,890.
To everyone, to view the information, just go to the BEA website, click on Data. Then, click on by Topic. You can select "GDP by Metro Area(with Industry Detail). Click next on Interactive Data, where you select GDP by County and Metropolitan Area. You select the same thing on the next page, then GDP in current dollars. Then, select Metropolitan Statistical Area. Next, you select the metros that you want information for and then you select the year. That leads you to finding out the information for the area and year you want.
Because it was an interactive tool, when I copied the link on the results page it links you back to the input page.
That's why I also did a cut and paste of the results and put it in quotes.
You can lead a horse to water, but you can't make them drink.
I don't know why Louisville was chosen to compare to Buffalo, or any city for that matter, but going on and on about it has nothing to do with Buffalo Boom or Bust. I only commented because I saw incorrect data posted as fact. I'm sure Louisville is a wonderful city, but what happens there has zero to do with what is happening in Buffalo. Overall economic activity differs, and changes at different rates among cities. Some better, others worse.
Last edited by RocketSci; 11-17-2020 at 09:47 AM..
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