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I was wrong, Raleigh’s MSA was 49th and is now 41st. It passed Buffalo, Jacksonville, Oklahoma City, Memphis, Richmond, Providence, Bridgeport, and New Orleans during the past decade. Durham’s MSA on the other hand stayed at 61st despite some shuffling by the metros around it. As a region, the Triangle went to 32nd largest GDP, passing Milwaukee and Hartford, and in turn getting passed by Austin.
Hartford is really impressive. About $87,000/GDP per capita. ($105B)
Really outshines nearly all similar sizes citites
Hartford’s problem is it started off significantly higher than most anyone else. It’s traditionally one of if not the richest metro in the country. I don’t think it’s GDP has matched the country’s average growth rate this century however so it’s position is weakening. It’s all relative though, it’s still a very rich area.
Figured the Bay Area would do well, but not like this. Adding more GDP by dollars than LA with half the population!
Not shown here, but Boston also surpassed DC for average wages. DC's addiction to government contracts served it very poorly this decade. As someone who moved out of that region in the 2010s, strongly feel that they need to do something about the relatively low level of innovation there.
DC really hasn’t done poorly in anything for the last 20 years.
Hartford’s problem is it started off significantly higher than most anyone else. It’s traditionally one of if not the richest metro in the country. I don’t think it’s GDP has matched the country’s average growth rate this century however so it’s position is weakening. It’s all relative though, it’s still a very rich area.
Accurate. For a long time maybe even into 2010 Hartford was the richest MSA in the country with one of the poorest 100k+ central cities in the country.
I was talking about picking up steam from an overall YOY GDP growth by MSA, not wages. The overall DC economy picked up steam latter half of the decade. There also have been more non-gov't contract related jobs added over that period compared to 2012-13.
In all due respect the same could be said about Boston. The economy picked up significantly lot in 2013.
But DC had a very very good decade. No denying this.
50 Largest Metro Area GDPs by 2010-2019 Growth Rate
+99.80% San Jose-Sunnyvale-Santa Clara
+85.97% San Francisco-Oakland-Berkeley
+77.43% Seattle-Tacoma-Bellevue
+76.98% Austin-Round Rock-Georgetown
+75.89% Raleigh-Cary
+67.02% Nashville-Davidson-Murfreesboro-Franklin
+66.19% Salt Lake City
+62.44% Charlotte-Concord-Gastonia
+61.71% Riverside-San Bernardino-Ontario
+61.23% Denver-Aurora-Lakewood
Location: That star on your map in the middle of the East Coast, DMV
8,128 posts, read 7,552,695 times
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Quote:
Originally Posted by BostonBornMassMade
In all due respect the same could be said about Boston. The economy picked up significantly lot in 2013.
But DC had a very very good decade. No denying this.
Yep, Boston has impressed. Let's hope post pandemic both cities continue what they finished last decade. Boston certainly has the diverse economy that DC is working towards being. That poster just has an outdated view of what's happening on the ground today here.
It's nuanced of course and likely inflated due to the oil industry. Unless people are under the impression that Qatar's per capita GDP of $91K vs. the U.S. at $63K is a reflection of anything beyond oil production. Of course Houston is much more diversified, but given its principal industry it really should be exceeding its peers.
Its principal industry has been in a funk for five years now and its still exceeding its peers (at least as of 2019).
I'd say that's pretty impressive - if oil was in a normal market it would be significantly be exceeding its peers in per capita GDP.
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