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Richest cities and urban areas in 2005
Rank City/Urban area Country GDP in US$bn
1 Tokyo Japan 1191
2 New York USA 1133
3 Los Angeles USA 639
4 Chicago USA 460
5 Paris France 460
6 London UK 452
7 Osaka/Kobe Japan 341
8 Mexico City Mexico 315
9 Philadelphia USA 312
10 Washington DC USA 299
Philadelphias demise has been greatly exaggerated. Its been steady and strong since day 1. The way they are throwing these 12,000 sq mile metros around if Philly was afforded the same girth as Chicago and the sunbelt metros then Philly would be challenging Chicagoland in population.
Richest cities and urban areas in 2005
Rank City/Urban area Country GDP in US$bn
1 Tokyo Japan 1191
2 New York USA 1133
3 Los Angeles USA 639
4 Chicago USA 460
5 Paris France 460
6 London UK 452
7 Osaka/Kobe Japan 341
8 Mexico City Mexico 315
9 Philadelphia USA 312
10 Washington DC USA 299
I'm shocked at London's paltry number. Based on the #s that rainrock has provided compared to the new CSA #s just released, there are currently 5 metros in the US that surpass it.
Pretty pathetic for the capital of the World. Don'tcha think?
Philadelphias demise has been greatly exaggerated. Its been steady and strong since day 1. The way they are throwing these 12,000 sq mile metros around if Philly was afforded the same girth as Chicago and the sunbelt metros then Philly would be challenging Chicagoland in population.
I'm shocked at London's paltry number. Based on the #s that rainrock has provided compared to the new CSA #s just released, there are currently 5 metros in the US that surpass it.
Pretty pathetic for the capital of the World. Don'tcha think?
That's because London is only the Financial Capital of the World (if that...And don't expect that title to last too long).
NYC is arguably still the overall Capital of the World.
Say, I agree about Metro DC getting way too much of the federal pot. Yes, there are highly educated people there who deserve high pay and that makes sense. But the Fed took $55 Billion in annual contracts from the states and rerouted it all to Metro DC. It was totally uncalled for and very shortsighted.
It's not as if the federal government is doling out contracts to companies based upon their proximity to DC. In much the same way that companies within the financial sector gravitate to NYC, companies with business before the federal government set up shop near the headquarters of the federal government.
Also, after a quick Google search I was unable to find info about the $55 billion in annual contracts that was supposedly meant to be sent to states other than MD/VA/DC but ended up here instead. Could you provide a source for that?
Nobody is keeping up with the ivory tower that is becoming Washington Dc. You should be just as outraged at this scandoulous insatiable transgression going on in the Wash area as the struggling cities of the midwest. The piggish wealth that is being hoarded around the feds is repulsive. How about lending one of those $5 B dollar(2500 jobs) governmental contracts to Michigan or Ohio?
How about they give the contracts to those companies most qualified for them? The federal government doesn't gain any advantage from awarding a contract to a business headquartered in, say, Chantilly, VA or Rockville, MD.
Also, after a quick Google search I was unable to find info about the $55 billion in annual contracts that was supposedly meant to be sent to states other than MD/VA/DC but ended up here instead. Could you provide a source for that?
Of course.
This is the one of the most irritating things I've ever read online.
Quote:
But the D.C. area's sunny job prospects are what vaulted the D.C. area to the top 10. And much of that came courtesy of the federal government, which pumped $55 billion into the local economy.
A move toward using local contractors helped the D.C. area supplant California several years ago as the top region for federal spending, said Stephen Fuller, director of George Mason University's Center of Regional Analysis. He said the federal government was like a "rich uncle" to the D.C. area.
"It is our Detroit auto industry, only it's free money and we don't have any competition," Fuller said.
MarketWatch.com Story (http://www.marketwatch.com/m/story/68f8f9f9-73a3-40de-b7fa-c0c847f525e9/0 - broken link)
How about they give the contracts to those companies most qualified for them? The federal government doesn't gain any advantage from awarding a contract to a business headquartered in, say, Chantilly, VA or Rockville, MD.
Apparently you are wrong.
They deliberately pick contractors because they are located near Washington. Even if that money could more positively affect the economy elsewhere.
What is impressive is SF metro is near the same level as DC and Chicago. The reason it's impressive is because DC has the government to boost its GDP and Chicago because considering its size and manufacturing it's up there - but can you imagine SF if it was the nations capital? If SF was the nations capital I'm sure it would overtake LA metro for GDP size and it would probably challenge NYC.
I don't think so LA is near 900 Billion GDP
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