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I got this idea from the "what is the 4th city" thread.
Houston and Boston are tied up when it comes to economic output, but with Houston growing faster and diversifying its economy away from energy toward other pursuits due to the business climate, it could start pulling away rapidly away from Boston.
The next area to be passed up is the Bay Area, which despite its population growth, has grown extremely fast as well the past 10 years. However, since Houston is growing faster, the laws of exponential growth states that Houston could pass up the Bay Area soon.
Which metro area has the best-long term prospects economically?
(MODS: I meant to add a poll with this. Could a mod please edit this and add the above question and add "Houston, Boston, and Bay Area as the poll options?)
Houston will always be superior to both of these cities. It's economy will last longer, the unemployment rates are dropping, and its a powerful city for its region. From the Oil to the healthcare, there really isn't no comparison. Houston is the only city in america that probably rivals the whole middle east in terms of oil. Unlike Houston, San Francisco is being destroyed by cities in Asia, Europe, and even America in terms of being a hub for technology. You think San Francisco is a top for technology? Thats fine, as long as Tokyo, Hong Kong, and Dubai were nuked off the map. Houston's economy is growing faster by the month and jobs are generating like zombies in L4D.
Houston is the only city in america that probably rivals the whole middle east in terms of oil. .
Houston doesn't come close to rivaling certain countries in the Middle East let alone the whole Middle East.
If Houston was up there with Saudi Arabia alone it would definitely be the strongest economy in the US
Quote:
Originally Posted by MostInterestingPoster3
I got this idea from the "what is the 4th city" thread.
Houston and Boston are tied up when it comes to economic output, but with Houston growing faster and diversifying its economy away from energy toward other pursuits due to the business climate, it could start pulling away rapidly away from Boston.
FYI:
Here is the GDP by metropolitan aree (Or Gross Metropolitan Product):
1.) New York Metropolitan Area $1,280,517
2.) Los Angeles Metropolitan Area $735,743
3.) Chicago Metropolitan Area $532,331
4.) Washington Metropolitan Area $425,167
5.) Greater Houston $384,603
6.) Dallas–Fort Worth–Arlington $374,081
7.) Delaware Valley (Philadelphia) $346,932
8.) San Francisco Bay Area $325,927
9.) Greater Boston $313,690
Last edited by HtownLove; 03-04-2012 at 05:30 PM..
GDP is not always the Best way to measure a city, especally because we are talking about Boston, because Medical research and education are massively important but don't post major profit margined like other sectors of tge economy.
Would expect Houston to continue to accelerate the fastest (Just look at the price at the pump and yes I know they are diversifying but for better or worse as oil goes so goes the Houston economy though it is better poised to handle a slump in oil).
The Bay next on growth as I think it would grow more quickly than Boston
Boston great fundamantals and a very good future albeit slower absolute growth
Boston great fundamantals and a very good future albeit slower absolute growth
What are the big economic sectors in Boston apart from the obvious ones?
Apart from Biotech/Medicine/Education/Finance I am not familiar with the other sectors.
For Houston the workforce is made up as follows:
Trade 21%
Professional and Business services 14%
Government 14%
Education 11%
Manufacturing 10%
Leisure and Hospitality 8%
Construction 8%
Finance 6%
Mining 3%
Information 2%
What are the big economic sectors in Boston apart from the obvious ones?
Apart from Biotech/Medicine/Education/Finance I am not familiar with the other sectors.
For Houston the workforce is made up as follows:
Trade 21%
Professional and Business services 14%
Government 14%
Education 11%
Manufacturing 10%
Leisure and Hospitality 8%
Construction 8%
Finance 6%
Mining 3%
Information 2%
Tourism, and Boston is acually gaining on SF GDP wise both on the MSA and CSA level.
I got this idea from the "what is the 4th city" thread.
Houston and Boston are tied up when it comes to economic output, but with Houston growing faster and diversifying its economy away from energy toward other pursuits due to the business climate, it could start pulling away rapidly away from Boston.
The next area to be passed up is the Bay Area, which despite its population growth, has grown extremely fast as well the past 10 years. However, since Houston is growing faster, the laws of exponential growth states that Houston could pass up the Bay Area soon.
Not sure how you came up with this
Houston's GDP is about 47 Billion Dollars smaller than Boston and is 160 Billion Dollars smaller than the Bay Area.
Quote:
2011 GDP
4. San Jose-San Francisco-Oakland, CA CSA $544.969 Billion
Napa, CA Metro Area $7,015
San Francisco-Oakland-Fremont, CA Metro Area $325,927
San Jose-Sunnyvale-Santa Clara, CA Metro Area $168,517
Santa Cruz-Watsonville, CA Metro Area $9,697
Santa Rosa-Petaluma, CA Metro Area $19,888
Vallejo-Fairfield, CA Metro Area $13,925
6. Boston-Worcester-Manchester, MA-RI-NH CSA $430.245 Billion
Boston-Cambridge-Quincy, MA-NH Metro Area $313,690
Concord, NH Micro Area
Manchester-Nashua, NH Metro Area $20,988
Providence-New Bedford-Fall River, RI-MA Metro Area $66,334
Worcester, MA Metro Area $29,233
7. Houston-Baytown-Huntsville, TX CSA $384.603 Billion
Houston-Sugar Land-Baytown, TX Metro Area $384,603
As far as private industry only, the Bay Area is 3rd behind NY and LA. Boston is 6th, Houston is 7th.
Quote:
Private Industry/Non Govt GDP, 2011
3. San Jose-San Francisco-Oakland, CA CSA $500.639 Billion
Napa, CA Metro Area $6,222
San Francisco-Oakland-Fremont, CA Metro Area $297,242
San Jose-Sunnyvale-Santa Clara, CA Metro Area $159,727
Santa Cruz-Watsonville, CA Metro Area $8,401
Santa Rosa-Petaluma, CA Metro Area $17,888
Vallejo-Fairfield, CA Metro Area $11,159
6. Boston-Worcester-Manchester, MA-RI-NH CSA $391.513 Billion
Boston-Cambridge-Quincy, MA-NH Metro Area $288,834
Concord, NH Micro Area
Manchester-Nashua, NH Metro Area $19,220
Providence-New Bedford-Fall River, RI-MA Metro Area $57,890
Worcester, MA Metro Area $25,569
7. Houston-Baytown-Huntsville, TX CSA $356.624 Billion
Houston-Sugar Land-Baytown, TX Metro Area $356,624
Houston doesn't come close to rivaling certain countries in the Middle East let alone the whole Middle East.
If Houston was up there with Saudi Arabia alone it would definitely be the strongest economy in the US
FYI:
Here is the GDP by metropolitan aree (Or Gross Metropolitan Product):
1.) New York Metropolitan Area $1,280,517
2.) Los Angeles Metropolitan Area $735,743
3.) Chicago Metropolitan Area $532,331
4.) Washington Metropolitan Area $425,167
5.) Greater Houston $384,603
6.) Dallas–Fort Worth–Arlington $374,081
7.) Delaware Valley (Philadelphia) $346,932
8.) San Francisco Bay Area $325,927
9.) Greater Boston $313,690
Yea, saying Houston has the oil wealth of all the middle east is so patently absurd, I don't even know where to begin.
Also, as you probably already know, that GMP has the Bay Area split up into SF/East Bay and the SJ/South Bay areas which is not at all how the Bay Area operates. The Bay Area is polycentric, but strongly connected. The Bay Area as a whole is around 500 billion.
Tourism, and Boston is acually gaining on SF GDP wise both on the MSA and CSA level.
Well, Boston has a larger CSA and MSA(I think) and shouldnt have a GDP that is $100 Billion smaller.
Quote:
Originally Posted by oycrumbler
The Bay Area as a whole is about 483 billion.
The SF and SJ MSAs combined have a $494 Billion GDP in 2010, which is above what it should be for 6.1 Million people.
But if you add in the rest of the Bay Area the total climbs to $544 Billion
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